Form 4: Joby Aviation Director Paul Sciarra Sells Over 333,000 Shares Under Pre-Arranged Plan

Joby Aviation, Inc. Director and 10% Owner Paul Sciarra reported the sale of 333,334 shares of common stock for approximately $2.8 million, executed under a pre-approved 10b5-1 trading plan.

Summary

• Paul Sciarra, a Director and 10% Owner of Joby Aviation, Inc. (JOBY), sold 333,334 shares of common stock.
• The transaction occurred on June 23, 2025, at a weighted average sale price of $8.4 per share, with prices ranging from $8.13 to $8.57.
• The total value of the shares sold amounts to approximately $2,800,000.
• The sale was conducted pursuant to a Rule 10b5-1 trading plan adopted by Mr. Sciarra on June 27, 2024.
• Following the transaction, Mr. Sciarra beneficially owns 138,537 shares directly, 57,828,060 shares indirectly through the Sciarra Management Trust, and 50,000 shares indirectly through the Sciarra Foundation, totaling 58,016,597 shares.

Sentiment

Score: 5

Explanation: The sentiment is neutral. While it's a significant insider sale, the fact that it was executed under a pre-approved 10b5-1 plan mitigates potential negative interpretations, suggesting a planned financial move rather than a reaction to adverse company developments.

Positives

• The sale was executed under a pre-approved 10b5-1 trading plan, indicating a planned diversification or liquidity event rather than a reaction to new negative information.

Negatives

• A significant insider sale by a Director and 10% Owner, even if pre-planned, can sometimes be perceived negatively by investors as it reduces the insider's direct stake in the company.

Future Outlook

NA

Industry Context

This Form 4 filing reports a routine insider transaction and does not provide broader industry context. Insider sales are common across various industries for personal financial planning, especially when executed under a 10b5-1 plan.

Related Party Transactions

• Paul Sciarra's beneficial ownership includes shares held indirectly by the Sciarra Management Trust and the Sciarra Foundation, over which he has voting and dispositive power.

Stakeholder Impact

• Shareholders may observe a reduction in direct insider ownership, which could influence sentiment, although the 10b5-1 plan context suggests a pre-planned financial decision.

Next Steps

• The Reporting Person undertakes to provide full information regarding the number of shares and prices at which the transaction was effected upon request to the SEC staff, the issuer, or a security holder of the issuer.

Key Dates

Keywords

Joby Aviation, JOBY, Paul Sciarra, Insider Sale, Form 4, SEC Filing, 10b5-1 Plan, Stock Transaction, Director, 10% Owner