NEW YORK, July 5, 2026, 13:03 EDT
- U.S. stocks are closed for the weekend. Nasdaq marked July 3 as an observed holiday for Independence Day. Normal trading runs 9:30 a.m. to 4 p.m. ET, Monday through Friday.
- Joby Aviation NYSE:JOBY finished July 2 at $8.49, off 3.96% on the day, before ticking up to $8.51 in after-hours trade. Shares were down 3.85% over the past five sessions.
- Seven Rule 144 notices filed July 2 covered 63,223 shares for about $563,851, or 0.11% of Thursday’s 56.18 million-share volume.
- The bigger watch for the week is Toyota’s manufacturing venture. Future supply and IP deals depend on the closing condition for the second $250 million piece of Joby’s investment from Toyota.
Joby (JOBY) comes into Monday after dropping 3.96% to $8.49 before the U.S. holiday. After-hours ticked up to $8.51. Volume spiked to 56.18 million, well over the 65-day average of 32.86 million, according to MarketWatch. Short interest and Toyota paperwork are in play.
The latest filing data looks clearer than what the headline suggests. Seven Rule 144 filings on July 2 involved shares picked up July 1 as restricted stock units from Joby’s 2021 incentive plan. All together, these sales planned for about $563,851 — a small amount for the market, and even smaller compared to Joby’s 983.6 million shares out.
| July 2 Form 144 filer | Role listed | Proposed shares | Aggregate market value |
|---|---|---|---|
| Bonny Simi | Officer | 7,832 | $69,849.25 |
| Katherine DeHoff | Officer | 9,575 | $85,394.10 |
| Rodrigo Brumana | Officer | 2,601 | $23,196.87 |
| Gregory Bowles | Officer | 5,158 | $46,001.33 |
| Eric Allison | Officer | 9,330 | $83,209.08 |
| JoeBen Bevirt | Officer/director | 15,788 | $140,804.39 |
| Didier Papadopoulos | Officer | 12,939 | $115,395.75 |
| Total | 63,223 | $563,850.77 |
Toyota Motor Corporation’s (TYO:7203) possible second $250 million tranche isn’t in the table yet. According to Joby’s June 30 filing, the new Joby Toyota Aero Manufacturing Preparation Company will have a 51% stake held by Toyota, with Joby keeping the other 49%. Toyota gets to name three of the five directors. The filing also shows that before the second tranche is unlocked, future supply and IP agreements for manufacturing have to be in place.
The joint venture is mostly about funding, not only production. The agreement gives the venture expected exclusive rights to make Joby’s S4 Series aircraft, with Joby licensing aircraft IP on a royalty-free basis. Toyota has approval rights over some debt, dividends and venture-level distributions.
Joby founder and CEO JoeBen Bevirt said Toyota has backed the company for “nearly a decade.” Toyota Chairman Akio Toyoda described air mobility as “a natural extension” of Toyota’s mobility efforts. These are official company comments, not from analysts, but Toyota now holds majority control of the production venture for Joby’s aircraft. トヨタ自動車株式会社 公式企業サイト
Joby reported $874.5 million in cash and cash equivalents as of March 31, plus $1.59 billion in short-term investments, bringing total liquidity to $2.47 billion, higher than the $1.41 billion it had on Dec. 31. A second $250 million tranche from Toyota would represent around 10% of that March balance.
Thursday’s eVTOL trading didn’t show a blanket sector drop. Archer Aviation Inc. NYSE:ACHR climbed, and Vertical Aerospace Ltd. NYSE:EVTL was also up. Joby slipped.
| Company | Google Finance ticker | Latest regular price | Last session move | Volume |
|---|---|---|---|---|
| Joby Aviation | NYSE:JOBY | $8.49 | fell 3.96% | 56.18 million |
| Archer Aviation | NYSE:ACHR | $4.98 | up 1.22% | 29.04 million |
| Vertical Aerospace | NYSE:EVTL | $1.85 | rose 0.54% | 2.04 million |
Short interest is in focus heading into next week. MarketWatch says 100.74 million Joby shares were sold short as of June 15, or 16.0% of the float. That’s almost 1.8 times Thursday’s trading and dwarfs the July 2 Rule 144 release.
Joby said in its May quarter report it finished the first flight of an FAA-conforming aircraft and wrapped its SR3 audit with the FAA. Bevirt said the quarter gave Joby the “clearest path” yet to passenger service. The company still aims to start its first commercial flights in 2026 through the White House eVTOL Integration Pilot Program, even before FAA type certification. SEC
Monday’s session opens with three watch numbers: $8.49 to clear, 100.74 million shares held short, and $250 million tied to whether Toyota and Joby actually lock down the supply agreement named in the 8-K. The first is the technical hurdle, the next is short risk, and the third hangs on the JV framework becoming real.
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