JOBY
Another one for the filing pile
Joby Aviation’s Joeben Bevirt, who wears both the director and officer hats, has a fresh Form 144 saying he plans to sell 39,963 common shares on April 15. At today’s estimated value, that’s about $351,674 — not exactly yacht money, but still enough to make long-only holders squint at the screen.
The bigger story: the selling has been relentless
This isn’t some isolated “I need to pay taxes” trim. Over the past three months, Bevirt has sold about 1.11 million shares for roughly $11.38 million, including two monster sales of 386,182 shares on Feb. 9 and Feb. 17. There were also smaller sales sprinkled in on April 2 and March 10, which makes this look less like a one-off and more like a recurring exit plan.
Why investors care
Insider selling doesn’t automatically mean trouble — executives and directors diversify, fund taxes, and follow pre-set trading plans. But when the sales keep coming, it can feel a little like watching someone repeatedly empty the snack drawer and insisting nothing’s wrong.
- The shares were acquired as RSUs on March 4, 2025
- The planned sale follows a trading plan adopted on Oct. 10, 2025
- That context matters because it reduces the “panic sell” factor, but not the signaling concern
Big picture
For Joby investors, this is more noise than a thunderclap, but it’s still worth watching. Repeated insider selling can cap enthusiasm around a stock that already lives on future promise, not near-term profits.