JoeBen Bevirt, serving as both Chief Executive Officer and Chief Architect at Joby Aviation, Inc. (NASDAQ: JOBY), has completed a transaction resulting in the sale of $140,828 worth of company stock. According to filings submitted to the Securities and Exchange Commission (SEC), the divestment took place on July 2, 2026. The executive liquidated 15,788 shares of common stock during this event, executing the sale at a per-share price of $8.92.
The motivation behind this specific transaction was strictly administrative rather than strategic. The shares were liquidated to satisfy tax obligations that arose upon the release and settlement of restricted stock units (RSUs). This settlement process is a standard requirement mandated by the terms governing the RSU award.
Just prior to the sale, on July 1, 2026, Mr. Bevirt engaged in the acquisition phase of the RSU cycle. He secured a total of 30,636 shares of Joby Aviation common stock through the settlement of these units. Notably, these acquired shares were obtained at a cost of $0.0 per share. The acquisition comprised two distinct tranches: 12,977 shares and an additional 17,659 shares.
The vesting schedules for these RSUs differ significantly. The 12,977 RSUs are structured to vest in 16 equal quarterly installments beginning January 1, 2024. Conversely, the 17,659 RSUs follow a different timeline, vesting with a 5% allocation on each of the first four quarterly anniversaries of January 1, 2026, followed by a 10% allocation on each subsequent quarterly anniversary, contingent upon Mr. Bevirt’s continued employment.
Following these complex transactions, Mr. Bevirt’s direct ownership position stands at 239,671 shares of Joby Aviation common stock. His broader economic interest in the company is substantially larger through indirect holdings. He holds 59,007,377 shares via The Joby Trust and 31,678,802 shares through the JoeBen Bevirt 2020 Descendants Trust. Furthermore, his spouse maintains significant voting and dispositive power over 155,737 shares held by The Jennifer Barchas Trust, alongside 189,109 shares held directly by the spouse.
This insider activity occurs against a backdrop of market volatility for Joby Aviation. The stock has experienced a 45% decline over the preceding six months. However, shares were trading near $8.93 at the time of reporting. Analysis from InvestingPro suggests the stock is currently slightly overvalued relative to its estimated Fair Value.
Financially, Joby Aviation reported Q1 2026 results showing revenue of $24 million, surpassing the analyst forecast of $20.2 million. Despite this top-line beat, the company recorded a GAAP net loss of $110 million for the quarter, driven by ongoing investments in certification and manufacturing processes.
Strategically, Joby Aviation announced a manufacturing joint venture with Toyota Motor Corporation, designated as the Joby Toyota Aero Manufacturing Preparation Company. This entity aims to produce the S4 Series electric vertical takeoff and landing aircraft. Toyota will hold a 51% stake, acquiring 1,020,000 shares for $1,020,000, while Joby retains a 49% stake with 980,000 shares purchased for $980,000.