Investing.com - Financial Markets Worldwide

Joby Aviation executive sells shares worth $33,192

Published 03/01/2025, 23:34
Joby Aviation executive sells shares worth $33,192
JOBY
-2.22%

Gregory Bowles, Head of Government & Regulatory Affairs at Joby Aviation , Inc. (NYSE:JOBY), recently sold a portion of his holdings in the company, according to a recent SEC filing. On January 2, Bowles sold 4,108 shares of common stock at an average price of $8.08 per share, totaling approximately $33,192.

In addition to this sale, Bowles acquired 5,224 shares and 6,229 shares of common stock on January 1 through the exercise of restricted stock units (RSUs) at no cost. These transactions increased his total holdings to 74,751 shares following the completion of these transactions.

The sale was conducted to cover taxes due upon the release and settlement of the RSUs, as required by the terms of the award.

In other recent news, Joby Aviation has experienced significant developments. The company successfully completed a maintenance training program with the U.S. Air Force, fostering technical knowledge on the operations of Joby's electric aircraft. Additionally, Joby Aviation's CFO, Matthew Field, announced his resignation for personal reasons. CEO JoeBen Bevirt and company controller Sergei Novikov will serve as interim replacements for Field.

H.C. Wainwright and Canaccord Genuity have maintained their Buy rating for Joby Aviation, demonstrating confidence in the company's trajectory. The company has also achieved a major milestone with the FAA issuing a Part 141 Certification for its pilot training academy and accepting its Part 5 Safety Management System for flight operations.

Furthermore, Joby Aviation received a favorable Buy rating from Needham, based on the company's potential to secure an early market share in the emerging air taxi industry, particularly due to its strategic partnership with Uber (NYSE:UBER) and the company's focus on software development. These developments are part of Joby Aviation's recent progress in the aviation industry.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2025 - Fusion Media Limited. All Rights Reserved.