Kate DeHoff, who serves as Chief Legal Officer and Corporate Secretary at Joby Aviation, Inc. (NYSE: JOBY), disclosed sales of common stock totaling 3,626 shares, yielding aggregate proceeds of about $36,664, according to a Form 4 filed with the Securities and Exchange Commission.
The dispositions were executed in two separate trades. On March 10, 2026, DeHoff sold 2,193 shares at $10.25 per share, generating approximately $22,478. The following day, March 11, 2026, she sold an additional 1,433 shares at $9.90 per share, adding about $14,186 to the total.
Also recorded on the Form 4 are option exercises tied to the vesting of restricted stock units. DeHoff exercised options to acquire 2,958 shares and another 1,294 shares of Joby common stock at an exercise price of $0. The filing indicates these option exercises are related to RSU vesting events.
After accounting for the sales and option exercises, DeHoff directly holds 160,503 shares of Joby Aviation common stock.
At the time of the filing, Joby shares were trading at $10.23, positioned near the midpoint of a 52-week range spanning $4.96 to $20.95. Over the past year the stock has appreciated roughly 70%, while performance over the prior six months shows a decline of about 25%.
Analysis from InvestingPro, cited in the filing context, characterizes JOBY as appearing overvalued relative to its Fair Value and notes that the stock has exhibited considerable volatility in price movements. The InvestingPro assessment is referenced as an evaluative backdrop to the insider transactions.
Separately, Joby has advanced a series of operational and corporate developments disclosed outside the Form 4. The company has begun flight testing of its first aircraft constructed to Federal Aviation Administration specifications, a milestone that is part of the Type Inspection Authorization process relevant to obtaining type certification for commercial passenger service.
Joby was also selected as a participant in the White House-backed Electric Vertical Takeoff and Landing Integration Pilot Program. Participation in the program enables the company to commence early air taxi operations across ten states, including Arizona and New York, prior to securing full FAA type certification.
On the corporate governance and audit front, Joby has named PricewaterhouseCoopers LLP as its independent auditor for the fiscal year ending December 31, 2026, following the dismissal of Deloitte. That appointment is subject to completion of customary procedures and the execution of an engagement letter.
Additionally, H.C. Wainwright has upgraded its rating on Joby Aviation to Buy from Neutral. The firm cited progress on certification milestones and manufacturing readiness, and noted plans to scale production capacity to four aircraft per month by 2027.
Contextual note: The SEC Form 4 filing documents the insider sales and option exercises, and the corporate updates reflect disclosures and analyst commentary that accompany the company’s ongoing certification and production efforts.