Joby Aviation , Inc. (NYSE:) has reported a significant transaction involving one of its top executives. Gregory Bowles, the company’s Head of Government & Regulatory Affairs, sold 37,824 shares of Joby Aviation common stock. The transaction, which took place on July 11, 2024, amounted to a total value of $226,944.
According to the details of the transaction, the shares were sold at prices ranging from $6.00 to $6.04, with the reported price reflecting the weighted average sale price. This sale was conducted under a pre-arranged 10b5-1 trading plan, which was adopted on June 15, 2023. Such plans allow company insiders to sell a predetermined number of shares at a predetermined time to avoid accusations of insider trading.
Following the sale, Bowles continues to hold 31,066 shares of Joby Aviation stock, indicating a remaining significant investment in the company’s future. The sale…
