Joby Aviation (NASDAQ:JOBY) Chief Financial Officer Rodrigo Brumana executed a sale of company stock totaling approximately $23,200, according to a Form 4 filing submitted to the Securities and Exchange Commission. The transaction was recorded on July 2, 2026, and involved the disposition of 2,601 shares of common stock at a price of $8.92 per share.
The sale was structured to satisfy tax obligations arising from the vesting and settlement of Restricted Stock Units, a standard mechanism tied to the terms of the RSU award. Prior to the sale, on July 1, Brumana acquired 5,046 shares through the vesting of RSUs. These units represent a contingent right to receive one share of common stock upon vesting, with no transaction price paid for the acquisition. The RSU award vests with respect to 5% of the total number of RSUs on each of the first four quarterly anniversaries of January 1, 2026, and 10% on each quarterly anniversary thereafter, subject to continued service.
Following these transactions, Brumana directly holds 84,139 shares of Joby Aviation common stock. Additionally, he holds 90,817 derivative shares in the form of Restricted Stock Units. The stock currently trades near $8.93, down 45% over the past six months, though still above its 52-week low of $7.75. According to InvestingPro, the stock appears slightly overvalued relative to its Fair Value.
The insider transaction coincides with broader operational developments at Joby Aviation. The company reported Q1 2026 financial results showing revenue of $24 million, exceeding the forecasted $20.2 million. Despite the strong revenue performance, the company faced a GAAP net loss of $110 million for the quarter, attributed to ongoing investments in certification and manufacturing.
Joby Aviation also announced a manufacturing joint venture with Toyota Motor Corporation. The new venture, named Joby Toyota Aero Manufacturing Preparation Company, will focus on producing Joby’s S4 Series electric vertical takeoff and landing aircraft. Toyota will hold a 51% ownership stake in the joint venture, having acquired 1,020,000 shares for $1,020,000, while Joby will hold 49% with 980,000 shares purchased for $980,000. These developments reflect Joby’s strategic moves in both financial and operational areas, aiming to strengthen its position in the market.