NEW YORK, July 19, 2026, 11:12 EDT — Shares of Joby Aviation NYSE:JOBY fell 6%, with the CEO’s share sale accounting for less than 1% of the estimated loss in value.
- Shares ended Friday at $7.23, falling 6.3% since July 10.
- CEO JoeBen Bevirt disposed of 596,666 shares through a prearranged trading plan.
- Joby will showcase at Oshkosh from July 20 to 26. No investor event is planned.
U.S. markets did not open on Sunday. Joby finished Friday trading at $7.23, after reaching a 52-week low of $6.89. Shares have declined 6.3% since the close on July 10.
According to a Form 4 filed Friday, Bevirt sold 596,666 shares on Wednesday at a weighted average price of $7.75, for gross proceeds totaling approximately $4.62 million.
The filing stated that the transaction was executed under a pre-arranged Rule 10b5-1 plan. Bevirt put that plan in place on October 10, 2025.
The transaction was small in scope, representing 0.061% of Joby’s 983.6 million shares in circulation. That accounted for roughly 0.65% of the direct and indirect stakes reported prior to the sale.
An initial estimate indicates the market value declined by approximately $482 million this week, based on an unchanged Form 144 share count. Bevirt’s transaction accounted for roughly 0.96% of that figure.
The transaction amounted to 1.1% of the 53.7 million shares traded on Wednesday. Trading volume on Friday totaled 91.7 million, which is 2.47 times higher than the 65-day average.
The ratios do not eliminate the possibility of a sentiment effect. However, they suggest that the sale alone is unlikely to account for the entire weekly drop.
Listed air-taxi developers also faced pressure. The data compares Friday closing prices with one-month changes.
| Security | Friday close | Friday move | One-month move |
|---|---|---|---|
| Joby Aviation | $7.23 | down 1.50% | fell 22.51% |
| Archer Aviation NYSE:ACHR | $4.44 | down 1.11% | down 17.47% |
| Vertical Aerospace NYSE:EVTL | $1.48 | up 2.07% | down 31.16% |
| Nasdaq-100 ETF NASDAQ:QQQ | $695.33 | fell 1.50% | down 5.42% |
Joby recorded a one-month decline over four times greater than QQQ’s. Archer and Vertical posted double-digit losses as well. The trend suggests broader sector de-risking.
Joby released its newest company update on Thursday. The impact report said over 850 flights were made by five aircraft during 2025, 2.6 times higher than the previous year.
The report did not introduce an additional FAA milestone. Joby’s initial conforming production aircraft started flight testing in March. These tests came before FAA pilot assessments expected in 2026.
Manufacturing is another key milestone. Joby and Toyota Motor NYSE:TM formed a manufacturing joint venture on June 30. Bevirt stated that they both shared a vision of “making aerial mobility an everyday reality.” jobyaviation.com
Analysts remain divided, with two recommending buy, six holding, and three suggesting sell, based on the latest figures. The median price target stands at $9.75, while the lowest target is $6.
Joby will showcase a full-size model at Oshkosh from July 20 to July 26, giving exposure rather than a financial update. The investor calendar shows no events scheduled next week.
Second-quarter earnings will be released August 12. Analysts forecast a loss of 23 cents per share.
Risks are still centered on execution. Delays in certification, slower progress in Dubai, or setbacks in manufacturing could alter expectations.
At present, the limited size of the filing is significant. Key factors influencing valuation continue to be certification and production progress.
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