Joby Aviation's corporate controller sells $14,826 in stock

In a recent transaction, Sergey Novikov, the Corporate Controller, acting Principal Accounting Officer, and Treasurer at Joby Aviation , Inc. (NYSE:JOBY), sold 1,835 shares of common stock. The shares were sold at an average price of $8.08 per share, totaling $14,826. This sale was recorded on January 2, 2025. The transaction comes as Joby's stock, currently valued at $6.2 billion in market capitalization, has shown significant momentum with a 57% gain over the past six months.

Additionally, on January 1, 2025, Novikov acquired shares through the exercise of restricted stock units (RSUs), with multiple transactions resulting in a total acquisition of 4,393 shares of common stock. These acquisitions were made at no cost as part of a compensation package, increasing his direct ownership to 47,269 shares before the sale.

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

In other recent news, Joby Aviation has been making significant strides in the eVTOL industry. H.C. Wainwright analysts have reiterated their Buy rating for the company, reflecting optimism about Joby's potential to become a leading player in this emerging market. Canaccord Genuity and Needham have also maintained their Buy ratings, indicating confidence in Joby's trajectory and its ability to secure an early market share in the air taxi industry.

Joby Aviation has recently completed a maintenance training program with the U.S. Air Force, a key step in fostering technical knowledge on the operations of its electric aircraft. The company has also achieved a major milestone with the FAA issuing a Part 141 Certification for its pilot training academy, positioning Joby to train a variety of pilots to support its future eVTOL operations.

In corporate developments, Matthew Field, the company's CFO, has announced his resignation for personal reasons. Interim replacements, CEO JoeBen Bevirt and company controller Sergei Novikov, will step in to ensure a smooth transition. Despite this change, the company's financial health remains robust, as indicated by a strong current ratio of 16.12. These are the latest developments in Joby Aviation's journey towards launching its urban air mobility business.

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