Form 4: Joby Aviation Director Paul Sciarra Sells Shares Under 10b5-1 Trading Plan

Paul Sciarra, a director at Joby Aviation, sold 333,332 shares of common stock on January 13, 2025, under a pre-arranged 10b5-1 trading plan.

Summary

• On January 13, 2025, Paul Sciarra, a director of Joby Aviation, sold 333,332 shares of Joby Aviation's common stock.
• The sale was executed under a 10b5-1 trading plan adopted on June 27, 2024.
• The shares were sold at prices ranging from $7.73 to $8.37, with a weighted average sale price of $8.
• Following the transaction, Sciarra directly owns 106,327 shares and indirectly owns 58,994,729 shares through Sciarra Management Trust and 50,000 shares through Sciarra Foundation.
• Sciarra retains voting and dispositive power over the shares held by both the Sciarra Management Trust and the Sciarra Foundation.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing related to an insider stock sale under a pre-arranged trading plan. It doesn't inherently indicate positive or negative sentiment, but rather a routine transaction.

Industry Context

This filing is a routine disclosure of insider trading activity. It's common for executives and directors to use 10b5-1 plans to sell shares over time to avoid accusations of trading on inside information.

Stakeholder Impact

• The sale of shares by a director could be perceived negatively by some shareholders, but the existence of a 10b5-1 plan mitigates concerns about insider trading.

Key Dates