Joby Aviation (NASDAQ: JOBY) reported an insider sale and related option exercises by its chief executive in early March 2026. On March 10, CEO JoeBen Bevirt sold 3,238 shares of common stock at $10.25 per share, producing proceeds of $33,189.
The sale followed option exercises on March 9, when Bevirt acquired two lots of common stock - 4,369 shares and 1,911 shares - at an exercise price of $0. The company stated these actions are connected to the vesting and settlement of Restricted Stock Units (RSUs).
After these transactions settled, Bevirt directly holds 252,286 shares of Joby common stock. He also retains substantial indirect positions: 59,651,414 shares 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 his spouse.
The insider sale comes as Joby shares were trading at $10.23. Over the past six months the stock has declined 25 percent, yet it has posted a 70 percent gain over the trailing year. Analysis from InvestingPro referenced by the company indicates Joby is trading above its Fair Value.
Company developments outlined alongside the disclosure of the insider transactions include operational and regulatory progress. Joby has begun flight testing of its first aircraft constructed to meet Federal Aviation Administration specifications for Type Inspection Authorization, a step toward achieving commercial passenger service certification.
Separately, Joby was selected as a partner in a White House-backed Electric Vertical Takeoff and Landing Integration Pilot Program. The program enables early air taxi operations across ten states, including Arizona and New York, prior to full FAA type certification. The initiative seeks to coordinate efforts between the FAA, the Department of Transportation, and local authorities to smooth regulatory approvals.
In corporate governance news, Joby has appointed PricewaterhouseCoopers LLP as its independent auditor for the fiscal year ending in 2026, following the dismissal of Deloitte. The company also received an analyst upgrade from H.C. Wainwright, which raised its stock rating to Buy from Neutral, citing progress on certification milestones and the company's preparedness to scale eVTOL production. H.C. Wainwright has indicated plans to double production capacity by 2027 to reach a target of four aircraft per month.
These disclosures collectively provide a snapshot of insider activity, balance-sheet optics tied to RSU vesting, and multiple operational threads that investors may weigh when assessing Joby and its path toward commercial eVTOL service. The company continues to advance certification work while adjusting its auditor relationship and refining production plans.