Joby Aviation Insider Offloads Millions in Stock -- What It Could Mean

July 17 - Joby Aviation JOBY director Paul Sciarra offloaded 500,000 shares of the company's common stock earlier this week, a regulatory filing showed.

The transaction, executed on July 14, totaled approximately $6.19 million based on the filing submitted.

Despite offloading 500,000 shares at $12.38, the sale represented just 0.87% of his total holdings. He still retains 57.5 million shares in Joby.

Sciarra, a co-founder of Pinterest and an early backer of Joby, remains a board member at the electric air taxi company. No further details were disclosed regarding the reason for the sale or whether it was part of a prearranged trading plan.

The sale comes as Joby shares hover near a four-year high, boosted by recent momentum tied to production expansion and global partnerships.

The stock sale highlights continued investor attention on insider activity as Joby Aviation JOBY advances toward commercial electric air taxi operations.