Form 4: Joby Aviation Director Paul Sciarra Reports Changes in Beneficial Ownership

Paul Sciarra, a director at Joby Aviation, reported the acquisition and disposal of common stock and Restricted Stock Units (RSUs) in a recent SEC filing.

Summary

• On July 5, 2024, Paul Sciarra, a director of Joby Aviation, filed a Form 4 with the SEC.
• The filing details changes in his beneficial ownership of Joby Aviation's common stock and derivative securities.
• Sciarra acquired 2,480 Restricted Stock Units (RSUs) which are fully vested on the grant date, each representing a contingent right to receive one share of common stock.
• Sciarra also disposed of common stock at $0 price.
• Following the reported transactions, Sciarra directly owns 102,550 shares of common stock.
• Sciarra indirectly owns 59,994,725 shares through Sciarra Management Trust and 50,000 shares through Sciarra Foundation.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing, so the sentiment is neutral.

Industry Context

This filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their transactions in the company's securities.

Stakeholder Impact

• The filing provides transparency to shareholders regarding the transactions of a company director.

Key Dates