Joby Aviation reported two insider transactions involving Chief Product Officer Eric Allison in early March 2026. On March 10, 2026, Allison sold 2,351 shares of common stock at $10.25 per share, generating proceeds of $24,097. The day before, on March 9, 2026, Allison exercised options to take ownership of 4,559 shares that vested as Restricted Stock Units (RSUs); those options carried an exercise price of $0.
The company is simultaneously advancing its certification and commercialization milestones. Joby has begun flight testing of the first aircraft constructed to meet Federal Aviation Administration (FAA) specifications for Type Inspection Authorization. Initial tests are taking place at Joby’s Marina, California facility, with FAA pilots expected to commence "for credit" testing later in the year.
Separately, Joby announced it has been selected as a partner in multiple applications under the White House-backed Electric Vertical Takeoff and Landing (eVTOL) Integration Pilot Program. The selection enables Joby to initiate early air taxi operations in ten states and is intended to streamline approvals related to airspace integration and infrastructure development.
On the corporate governance and audit front, Joby disclosed the appointment of PricewaterhouseCoopers LLP as its proposed independent registered public accounting firm for the fiscal year ending December 31, 2026. That appointment follows the dismissal of Deloitte and is subject to the completion of standard client acceptance procedures.
Analyst coverage has reflected the company’s progress on certification and production planning. H.C. Wainwright upgraded Joby’s rating to Buy from Neutral, citing advances in certification milestones and what the firm describes as readiness to increase production output. The same report noted plans to double production capacity in 2027 to reach four aircraft per month.
Clear summary
Eric Allison sold 2,351 shares on March 10, 2026 for $24,097 and exercised options for 4,559 shares on March 9, 2026 at a $0 exercise price. Concurrently, Joby is conducting FAA-spec flight tests at its Marina, California facility, preparing for FAA "for credit" testing later this year, participating in a White House-backed eVTOL integration pilot program across ten states, appointing PricewaterhouseCoopers as its proposed auditor pending acceptance procedures, and receiving a Buy upgrade from H.C. Wainwright along with a plan to double production capacity to four aircraft per month in 2027.
Key points
- Insider transaction: CPO Eric Allison sold 2,351 shares on March 10, 2026 at $10.25 per share and exercised options for 4,559 shares on March 9, 2026 with a $0 exercise price.
- Certification progress: Flight tests of the first aircraft built to FAA Type Inspection Authorization specs are underway at the Marina, California facility; FAA pilots are expected to begin "for credit" testing later in the year.
- Regulatory and commercial positioning: Joby is a partner in multiple applications under the White House-backed eVTOL Integration Pilot Program across ten states and has named PricewaterhouseCoopers LLP as its prospective independent auditor for fiscal 2026, subject to client acceptance procedures. H.C. Wainwright upgraded the stock to Buy and highlighted plans to double production capacity in 2027.
Risks and uncertainties
- The timing and outcome of FAA "for credit" testing remain to be seen, as those tests are expected to start later in the year and are a prerequisite for certification steps.
- The appointment of PricewaterhouseCoopers LLP as the independent registered public accounting firm is pending the completion of standard client acceptance procedures, introducing an interim uncertainty in the company’s audit arrangements.
- Plans to double production capacity in 2027 to four aircraft per month reflect management targets but are contingent on successful execution of certification and production ramp activities.