Joby CFO Brumana sells 140,716 shares ($1.7M) at $11.77; retains 160,183 shares plus 881,057 RSUs
CFO Rodrigo Brumana sold 140,716 shares of Joby Aviation at $11.77, reducing his non-derivative holdings by 46.8% to 160,183 shares while retaining 881,057 restricted stock units. The sale occurs at $11.77 while the current market price is $11.43, and the stock is down 45.4% from its 52-week high of $20.95, suggesting the sale was executed in a period of share price weakness. Despite quarterly revenue of $24.2M, Joby reported a net loss of $110.0M in its most recent fiscal year and remains deeply unprofitable, creating a disconnect between the company's valuation ($11.2B market cap) and its operating performance. The material portion of Brumana's compensation remains in equity form (881,057 RSUs), indicating ongoing equity alignment despite the reduction of liquid shareholdings.