Gregory Bowles, policy director at Joby Aviation, sold shares worth approximately $58,994 in two separate transactions executed late last month, regulatory filings show.
On August 24, Bowles disposed of 3,531 shares at prices ranging from $7.34 to $7.42 per share, generating proceeds of $25,917 to cover tax obligations tied to the vesting of restricted stock units. A day later, he sold an additional 4,575 shares at prices between $7.17 and $7.28, netting $33,077 under a pre-approved 10b5-1 trading plan adopted on May 13, 2025.
Bowles had acquired 11,156 shares on August 21 through the vesting of restricted stock units, which vest in tranches starting February 21, 2022, with the remainder distributed across 20 quarterly installments. Following the sales, he holds 191,986 shares directly and 22,312 derivative securities in the form of restricted stock units.
Joby Aviation’s common stock was trading at $7.22 at the time of reporting, down 45% year-to-date and nearly 50% over the trailing 12 months. Shares remain 64% below the 52-week high of $19.98 set in late 2025.
The company reported second-quarter revenue of $38.6 million, exceeding Wall Street estimates of $28.69 million and rising sharply from just $15,000 in the same period last year. Revenue grew 59% sequentially from the first quarter. Blade, Joby’s passenger transport business, contributed $36.2 million, with occupied seats up more than 50% year-over-year.
Joby also announced a definitive agreement to acquire Resonant Sciences for approximately $500 million. Analysts at H.C. Wainwright maintained a buy rating with a price target of $18, while Needham reduced its target from $18 to $15. The company is preparing to launch electric vertical takeoff and landing operations in Dallas under the Federal Aviation Administration’s Integration Pilot Program, with passenger flights expected later in 2026.
