Joby Aviation Inc reported insider activity and corporate financing moves in recent filings. CEO and Chief Architect JoeBen Bevirt sold company shares totaling approximately $5.8 million in transactions recorded earlier this month, according to the filing.
Bevirt’s divestitures took place across several trades. On February 13, 2026, he sold 14,456 shares at $9.88 per share, generating about $142,825 in proceeds. Larger dispositions followed on February 17, 2026, when Bevirt sold 543,818 shares at a weighted average price of $9.91, producing roughly $5,656,806. The prices realized in those sales ranged from $9.63 to $10.14 per share. The sales were executed under a 10b5-1 trading plan that Bevirt had adopted on October 10, 2025.
Separately, the filing shows that on February 12, 2026, Bevirt acquired 29,762 shares of common stock at a transaction price of $0. These shares were received upon the exercise of restricted stock units.
These insider transactions occurred amid significant corporate financing and capacity expansion steps by Joby. The company disclosed the pricing of concurrent public offerings that it says raised about $1.2 billion, exceeding an initial target of $1 billion. The package of securities included $600 million in convertible senior notes due in 2032 and 52,863,437 shares of common stock priced at $11.35 per share. Joby said the proceeds are intended to support certification and manufacturing activities, to prepare for commercial operations, and for general corporate purposes.
In a related operational move, Joby signed an agreement to acquire a manufacturing facility in Dayton, Ohio. The site exceeds 700,000 square feet and is expected to begin operations this year. Joby has indicated the Dayton facility will help double its production capacity by 2027.
Market commentary included an update from Canaccord Genuity, which adjusted its price target on Joby Aviation to $15.50 from $17.00 while maintaining a Hold rating. Analyst Austin Moeller observed that the company completed equity and convertible debt offerings, raising $1.29 billion in new capital. The planned expansion in Dayton is described as part of Joby’s strategy to scale production capacity for its electric air taxis.
Context limits: The filings detail the transaction sizes, dates, prices, the 10b5-1 plan adoption date, the RSU exercise, the components and sizing of the concurrent offerings, the Dayton facility square footage and timeline, and the Canaccord Genuity rating and price target adjustment. No additional commentary or explanation of motives beyond the stated uses of proceeds is provided in the filings.