Joby Aviation Inc. (NYSE: JOBY) reported an insider sale this week after Chief Policy Officer Gregory Bowles executed two stock transactions totaling 2,247 shares and approximately $22,655 in proceeds, according to a Form 4 filed with the Securities and Exchange Commission.
The sales were split across two days. On March 10, 2026, Bowles sold 1,172 shares at $10.25 per share, generating $12,013. The following day, March 11, 2026, he sold 1,075 shares at $9.90 per share, for $10,642. The aggregate value of the two trades is reported as $22,655.
One of the transactions - the March 11 sale - was carried out under a pre-established 10b5-1 trading plan that Bowles adopted on May 13, 2025. The filing also shows that on March 9, 2026, Bowles took delivery of 3,746 shares via the exercise of restricted stock units (RSUs) at an exercise price of $0.
At the time of the reporting, Joby shares were trading at $10.23. Over the past 12 months the stock is up about 70%, while it has declined roughly 25% over the prior six months. The security has seen a wide 52-week trading range, moving between $4.96 at the low and $20.95 at the high.
Context on company developments
These insider actions come as Joby continues to progress on certification and operational groundwork for its electric vertical takeoff and landing aircraft. The company has begun flight testing of its first aircraft built to FAA specifications - a milestone the firm identifies as part of establishing an FAA-conforming air taxi. That aircraft is intended to be included in a fleet slated for Type Inspection Authorization testing, a necessary step toward obtaining commercial passenger service certification.
Separately, Joby has been selected as a participant in the White House-backed Electric Vertical Takeoff and Landing Integration Pilot Program. The company says this selection enables it to begin early air taxi operations in ten states prior to FAA type certification, with the stated aim of accelerating airspace integration and infrastructure planning.
On the corporate governance front, Joby announced a change in its independent auditor. PricewaterhouseCoopers LLP has been appointed as the company's auditor for the fiscal year ending December 31, 2026, following the dismissal of Deloitte. The appointment of PwC is noted as pending the completion of PwC’s standard client acceptance procedures.
In addition to these company announcements, H.C. Wainwright revised its rating on Joby’s equity to Buy from Neutral. The firm cited Joby’s progress on certification milestones and the company’s readiness to scale eVTOL production. H.C. Wainwright highlighted plans to double production capacity to four aircraft per month by 2027.
Market commentary included in available analysis indicates that, according to InvestingPro, Joby’s shares appear overvalued relative to that service’s Fair Value estimate.
What the filings show and what remains fixed in the record
- Gregory Bowles sold a total of 2,247 Joby shares across March 10 and March 11, 2026, for aggregate proceeds of $22,655.
- The March 11 sale was executed under a 10b5-1 trading plan adopted on May 13, 2025.
- Bowles exercised 3,746 RSUs on March 9, 2026, at a $0 exercise price.
- Joby’s shares were trading at $10.23 at the time referenced, with a 52-week range of $4.96 to $20.95, a one-year gain of 70%, and a six-month decline of 25%.
The filings and corporate announcements provide a record of the executive’s transactions and the company’s recent operational and governance steps without offering new forecasts or speculation about future performance.