New York, February 14, 2026, 19:24 (EST) — Market closed
- Joby ended Friday with a 0.2% gain at $9.90. After hours, the stock was last quoted at $9.98.
- Toyota is considering stepping up its manufacturing involvement with the electric air-taxi developer, according to a report.
- A handful of senior executives submitted SEC Form 144 notices for pending stock sales
Joby Aviation finished Friday just above unchanged, ticking up 0.2% to $9.90 after ranging from $9.68 to $10.22 through the session. Volume stood around 17.2 million shares. In after-hours trade, the stock was last quoted at $9.98. (Source: https://stockanalysis.com/stocks/joby/history/)
Investors will have to wait until Tuesday for their next move. U.S. stock markets are shuttered Monday in observance of Washington’s Birthday—more commonly called Presidents Day. (Source: https://www.nyse.com/markets/hours-calendars)
That’s significant for Joby: the narrative is swinging back to execution. The company remains in the throes of moving from prototypes to something it can reliably build in a factory, all while grinding through certification. Investors, for their part, haven’t shown much tolerance for setbacks or dilution.
Toyota Motor is ramping up hands-on efforts, Bloomberg reported Friday. The company has started “troubleshooting production processes” at Joby, and is considering stepping up its manufacturing involvement as it looks to safeguard its nearly $1 billion investment, according to Toyota flying mobility exec Sandy Lobenstein cited by Bloomberg. (Source: https://www.bloomberg.com/news/articles/2026-02-13/toyota-troubleshoots-at-air-taxi-maker-joby-as-larger-role-looms)
Insider-sale alerts surfaced as well. JoeBen Bevirt, the chief executive and founder, put in a Form 144 with the SEC—signaling plans to offload 14,456 shares worth roughly $142,782, using Morgan Stanley as the broker. Earlier sales showed up in the filing too, including a block of 507,182 shares moved on Feb. 9, bringing in about $5.39 million before fees. (Source: https://ir.jobyaviation.com/sec-filings/all-sec-filings/content/0001819848-26-000131/primary_doc.html)
Joby’s SEC filings page showed a group of executives put in their Form 144 notices on the same day: general counsel Katherine DeHoff, chief product officer Eric Allison, President of Operations Bonny Simi, President of Aircraft OEM Didier Papadopoulos, and head of government affairs Greg Bowles all included. Altogether, the six filings represented about 56,000 shares—market value landed near $556,000. (Source: https://ir.jobyaviation.com/sec-filings/all-sec-filings/default.aspx)
Form 144 filings aren’t confirmation of actual sales. The paperwork reflects possible intent — plans shift, and the rules around timing and restrictions leave plenty of room for uncertainty. Still, when a bunch of these notices drops, especially with a stock already showing volatility, people notice.
Joby’s shareholders haven’t had to look far for reminders. Just last month, the company rolled out a combined equity and convertible notes deal aimed at fueling its certification and manufacturing push: $600 million in 0.75% convertible senior notes maturing in 2032, plus 52.9 million shares offered at $11.35 apiece, according to the company. (Source: https://www.jobyaviation.com/news/joby-aviation-prices-upsized-offering-of-primary-common-stock-and-upsized-offering-of)
The clock isn’t stopping for competitors. Archer Aviation and others are working toward similar targets: getting regulatory green lights, tightening up production, and securing the cash to reach actual service. The market’s been quick to penalize any player that starts to look like it’s running low on runway.
Earnings land next. Joby’s fourth-quarter 2025 results call is on the books for Feb. 25, per its investor relations calendar. Investors want the latest on certification status, how production is shaping up, and where liquidity stands. (Source: https://ir.jobyaviation.com/news-events/ir-calendar/detail/9876/fourth-quarter-2025-financial-results-conference-call)
But the risks are clear enough. If certification slips, more factory hiccups crop up, or Joby’s cash pile falls short of what investors have priced in, the company could be nudged back into the capital markets. That would likely bring dilution concerns right back to the fore and put fresh heat on every insider-sale headline.
The big question in the short term: does Toyota’s direct role end up signaling a firmer production pledge? And as trading picks up post-holiday, investors will be watching to see if those insider sales stay on the sidelines—or start to look like something more.
