Joby Aviation NASDAQ:JOBY reported an insider sale by its chief executive officer, JoeBen Bevirt, who disposed of 986 shares of common stock on April 8, 2026. The shares were transacted at $8.87 apiece, producing gross proceeds of $8,745, according to a Form 4 filing with the Securities and Exchange Commission.
The filing shows the sale lowered Bevirt's direct ownership in Joby to 264,786 shares. The disclosure follows an earlier move on April 7, 2026, when Bevirt exercised options on 1,910 shares of common stock at a $0.00 exercise price; those shares were obtained upon the release and settlement of Restricted Stock Units, the filing states.
Beyond his direct holdings, Bevirt retains substantial indirect stakes through multiple trusts and family holdings. The Form 4 lists 59,651,414 shares held indirectly via the Joby Trust, 31,876,802 shares through the JoeBen Bevirt 2020 Descendants Trust, 155,737 shares through the Jennifer Barchas Trust, and 189,109 shares held by a spouse.
The insider sale occurred with Joby shares trading at $8.29 and after the stock has declined roughly 50% over the past six months. InvestingPro data referenced in company reporting characterizes the recent price movements as "quite volatile." The same InvestingPro assessment indicates the stock appears slightly undervalued when compared to its Fair Value figure.
Operationally and on the regulatory front, Joby has continued forward movement. The company has begun flight testing of its first FAA-conforming aircraft, designated N547JX, at its Marina, California facility. Joby said FAA pilots are scheduled to commence "for credit" testing later this year, a milestone tied to type certification for commercial passenger service.
Concurrently, Joby completed demonstration flights across the San Francisco Bay Area, marking the start of its 2026 Electric Skies Tour. The company also announced a partnership with Air Space Intelligence to integrate electric air taxis into the U.S. National Airspace System, leveraging ASI's Flyways AI platform to optimize flight operations.
Market analysts have taken note of Joby’s developments, though their stances diverge. Canaccord Genuity reiterated a Hold rating with a $15.50 price target, while H.C. Wainwright maintained a Buy rating and an $18.00 price target.
The reported insider transaction is modest in dollar terms relative to Bevirt's broader indirect holdings. It coincides with a period of operational milestones for Joby and continued analyst scrutiny of the company’s valuation and certification progress.