Gregory Bowles, chief policy officer at Joby Aviation Inc., sold a combined 8,106 shares of the company’s common stock for approximately $58,994 in late August, regulatory filings show.
The first transaction on August 24 involved 3,531 shares sold at a weighted average price of $7.34 per share, totaling $25,917, and was executed to cover taxes due upon the vesting and settlement of restricted stock units. The second transaction on August 25 involved 4,575 shares sold at a weighted average price of $7.23 per share, totaling $33,077, and was conducted under a pre-approved 10b5-1 trading plan adopted on May 13, 2025.
Bowles acquired 11,156 shares on August 21 through the vesting of restricted stock units. Following the sales, he directly holds 191,986 shares and beneficially owns 22,312 derivative securities in the form of RSUs. The RSUs vest in tranches, with 16.66% having vested on February 21, 2022 and the remaining 83.34% scheduled to vest in 20 quarterly installments subject to continued service.
Joby Aviation’s stock was trading at $7.22 on the day of the transactions, down 45% year-to-date and nearly 50% over the past 12 months. The shares remain 64% below the 52-week high of $19.98 reached in 2025.
The company reported second-quarter 2026 revenue of $38.6 million, exceeding Wall Street estimates of $28.69 million and up from $15,000 a year earlier. Revenue from the Blade passenger business contributed $36.2 million, representing over 50% growth in seats flown year-over-year. Joby also agreed to acquire Resonant Sciences for approximately $500 million.
Analysts have maintained mixed views on the stock. H.C. Wainwright reiterated a Buy rating with a price target of $18, while Needham adjusted its target to $15 from $18. Joby is preparing to launch eVTOL operations in Dallas under the FAA’s Integration Pilot Program, with passenger flights expected by the end of the year.
