Joby Aviation, Inc. (NYSE: JOBY) reported a pair of insider-equity moves by Chief Financial Officer Rodrigo Brumana this month. On March 10, 2026, Brumana sold 1,159 shares of company common stock at $10.25 per share, resulting in total proceeds of $11,879.
The sale followed an internal equity conversion: on March 9, 2026, Brumana exercised 2,772 restricted stock units (RSUs) in Joby Aviation. The RSUs were exercised at a price of $0, reflecting the conversion of granted units into common shares without a cash outlay.
Beyond the insider transactions, Joby has continued to move forward on technical and regulatory milestones. The company has started flight testing on its first aircraft built to Federal Aviation Administration specifications for Type Inspection Authorization. That aircraft, registered N547JX, is part of a fleet being prepared for this phase of certification work. Initial test flights are taking place at Joby’s Marina, California facility.
Joby has also been named a partner in the White House-backed Electric Vertical Takeoff and Landing (eVTOL) Integration Pilot Program. Participation in that program allows the company to commence early air taxi operations in ten states - including Arizona and New York - ahead of receiving full FAA type certification for commercial passenger service.
On the financial oversight front, Joby has appointed PricewaterhouseCoopers LLP as its new independent auditor, replacing Deloitte. The company described the change as a move to support its financial oversight.
Market research and advisory activity around Joby has shifted as well. H.C. Wainwright upgraded Joby’s stock rating to Buy from Neutral, citing the company’s progress on certification milestones and the readiness to scale production. The firm also noted Joby’s stated plan to double production capacity by 2027.
Collectively, these items - insider share activity, certification-focused flight testing, selection for a federal pilot program, an auditor transition and an analyst upgrade tied to production plans - sketch a company advancing toward operational milestones while executing on governance and investor-relations moves.