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

Paul Sciarra, a director at Joby Aviation, sold 166,667 shares of common stock at an average price of $7.01, according to a Form 4 filing with the SEC.

Summary

• On May 19, 2025, Paul Sciarra, a director of Joby Aviation, sold 166,667 shares of common stock.
• The sale was executed under a pre-arranged 10b5-1 trading plan adopted on June 27, 2024.
• The shares were sold at a weighted average price of $7.01, with individual trades ranging from $6.96 to $7.09.
• Following the transaction, Sciarra directly owns 108,356 shares and indirectly owns 58,161,394 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 a stock sale by a company director under a pre-arranged trading plan. It doesn't inherently convey positive or negative sentiment.

Industry Context

Sales by insiders are a normal part of corporate governance. The use of a 10b5-1 trading plan suggests the sales were pre-planned and not based on any inside information.

Stakeholder Impact

• The stock sale could have a minor negative impact on shareholder sentiment, although the use of a 10b5-1 plan mitigates concerns about insider trading.

Key Dates

Keywords

Form 4, Joby Aviation, Paul Sciarra, Stock Sale, 10b5-1 Trading Plan, Director, Beneficial Ownership