SANTA CRUZ, CA—Eric Allison, the Chief Product Officer of Joby Aviation , Inc. (NYSE:JOBY), recently reported selling shares of the company's common stock. According to a filing with the Securities and Exchange Commission, Allison sold 5,434 shares at a price of $8.08 each on January 2, 2025, totaling $43,906. The transaction comes as JOBY trades near its 52-week high of $9.33, having gained over 57% in the past six months.
The sale was conducted to cover taxes due upon the release and settlement of restricted stock units (RSUs), as required by the terms of the RSU award. Following these transactions, Allison holds 537,725 shares directly.
In addition to the sale, Allison acquired 13,056 shares through the exercise of RSUs on January 1, 2025. These acquisitions were part of scheduled vesting agreements, with no cash exchanged for the shares.
In other recent news, Joby Aviation has seen significant developments. The company successfully completed a maintenance training program with the U.S. Air Force, bolstering technical knowledge on the operations of Joby's electric aircraft. Despite the resignation of CFO Matthew Field, the company retains strong financial health and has received continued confidence from firms like Canaccord Genuity and H.C. Wainwright, which have maintained their Buy ratings. Joby Aviation 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 ahead of the deadline. These developments position the company well for future eVTOL operations. Needham also gave a favorable Buy rating for Joby Aviation, highlighting the company's potential in the emerging air taxi industry.
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