Joby Aviation executive sells shares worth $87,708

Published 03/01/2025, 23:36
Joby Aviation executive sells shares worth $87,708

The transaction, totaling $87,708, was conducted to cover taxes due upon the release and settlement of restricted stock units (RSUs). Following this transaction, DeHoff holds 236,087 shares directly. Earlier, on January 1, 2025, DeHoff acquired a total of 26,810 shares through the exercise of RSUs at no cost. These transactions reflect adjustments in her holdings, which now stand corrected after previous miscalculations understated her ownership by 20,719 shares. Track insider transactions and access comprehensive ownership data with InvestingPro, which offers detailed analysis of 1,400+ stocks through its Pro Research Reports. Track insider transactions and access comprehensive ownership data with InvestingPro, which offers detailed analysis of 1,400+ stocks through its Pro Research Reports. The transaction, totaling $87,708, was conducted to cover taxes due upon the release and settlement of restricted stock units (RSUs). Following this transaction, DeHoff holds 236,087 shares directly.

Earlier, on January 1, 2025, DeHoff acquired a total of 26,810 shares through the exercise of RSUs at no cost. These transactions reflect adjustments in her holdings, which now stand corrected after previous miscalculations understated her ownership by 20,719 shares.

In other recent news, Joby Aviation (NYSE:JOBY) has seen significant developments. The company successfully completed a maintenance training program with the U.S. Air Force and received a Part 141 Certification for its pilot training academy from the FAA. These achievements are crucial for Joby Aviation's future eVTOL operations. However, the company'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.

Despite this change, Canaccord Genuity maintained its Buy rating for Joby Aviation, demonstrating confidence in the company's management. Needham also issued a Buy rating, highlighting the company's potential to secure an early market share in the emerging air taxi industry. The analysts from H.C. Wainwright also reiterated their Buy rating, reflecting optimism for Joby Aviation's potential within the eVTOL industry. These are recent developments in Joby Aviation's journey, showing progress towards launching its urban air mobility business.

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