CEO's first-ever open-market sale of this magnitude at a pre-revenue company is a strong negative signal. Monitor for additional insider selling or a subsequent filing that explains the sale (e.g., tax planning, diversification). The absence of a 10b5-1 plan increases the likelihood of informed selling.
Price Chart
Executive Summary
CEO JoeBen Bevirt sold $3.76M of JOBY stock in an open-market sale, representing ~1.2% of the company's market cap. The CEO's first-ever open-market sale at this scale is a material bearish signal, especially given the company's pre-revenue status and reliance on capital markets.
Key Financial Metrics
Key Facts
- CEO JoeBen Bevirt sold 606.7K shares at $6.19 for $3.76M on 2026-09-15
- Chief Policy Officer Gregory Bowles sold 6.1K shares at $6.35 for $39K on 2026-09-21
- Total insider sales of $3.79M represent ~1.2% of market cap (based on $326M market cap)
- No 10b5-1 plan indicated for either sale
- Both sales were open-market (code S) with no plan designation
Financial Impact
CEO sold ~1.2% of market cap in open-market sale; total insider sales of $3.79M
Risk Factors
- CEO selling may signal lack of confidence in near-term milestones or capital raise prospects
- Pre-revenue eVTOL companies are highly dependent on equity financing; insider selling could precede a dilutive offering
- No 10b5-1 plan means the sale was discretionary and potentially informed
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-JOBY-1790231302852 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 14, 2026 13d ago | Insider Cluster | $4.81 $4.70 | ▼ −2.29% | ▼ −1.27% | $4.69 (−2.49%) |
Oct 5, 2026 22d ago | Insider Cluster | $5.78 $4.95 | ▼ −14.36% | ▼ −14.22% | $4.69 (−18.86%) |
Oct 2, 2026 25d ago | 144 | $5.78 $5.14 | ▼ −11.07% | ▼ −11.49% | $4.69 (−18.86%) |
Oct 2, 2026 25d ago | 144 | $5.95 $5.44 | ▼ −8.57% | ▼ −9.73% | $4.69 (−21.18%) |
Sep 23, 2026 5w ago | Insider Cluster | $6.30 $5.96 | ▲ +5.40% | ▲ +4.98% | $4.69 (+25.56%) |
Sep 3, 2026 7w ago | Insider Cluster | $6.74 $6.30 | ▼ −6.53% | ▼ −5.32% | $4.69 (−30.42%) |
Sep 3, 2026 7w ago | Insider Cluster | $6.74 $6.30 | ▼ −6.53% | ▼ −5.32% | $4.69 (−30.42%) |
Aug 25, 2026 9w ago | Insider Cluster | $7.14 $6.82 | ▲ +4.48% | ▲ +4.36% | $4.69 (+34.31%) |
Aug 18, 2026 10w ago | Insider Cluster | $7.72 $7.14 | ▲ +7.51% | ▲ +7.13% | $4.69 (+39.25%) |
Aug 13, 2026 10w ago | 144 | $7.92 $7.53 | ▼ −4.92% | ▼ −3.56% | $4.69 (−40.78%) |
US Market Status
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