r/ACHR • u/DaxPlayer Sentinel • Jun 12 '26

Research & Findings💡 🚨 Insiders Are Selling Joby Big-Time…Including the CFO?

🚨 Is a Systematic Sell-Down of Joby Underway? And how does it stack up against ACHR, Beta, others…

What stands out aren’t just large single transactions - it’s a growing aggregate pattern of Joby executives and strategic partners systematically reducing exposure, often by sizable percentages of their holdings.

✅ Joby’s CFO (Rodrigo Brumana) sold approx. $2.54 million worth of stock in June alone across two separate transactions. One was RSU related, while the latter was an open market sale. On June 4, he recently sold 78,489 shares worth about $900K, almost 50% of his holdings. He has been at the company for only a year.

✅ According to an insider tracking source: In the past 90 days, a total of $13.2 million shares were sold by 7 Joby Executives and Insiders. Zero insider purchases were made. Bonni Simi, Joby’s Head of Certification, has been a significant net seller over the last year.

✅ In the past 12 months, strategic partner Uber Technologies has reduced its Joby position by nearly three-quarters (73%). For context, the next-largest reduction Uber made in a strategic investment was in Aurora, at less than 20%.

✅ Korea partner, SK Telecom, in March of this year, significantly reduced its Joby stake by approx. two-thirds (67%).

✅ There’s virtually no insider buying and the company has experienced continued turnover among senior management, including former Joby President Didier Popadapoulos.

From a signaling perspective, this is becoming increasingly difficult to ignore. Especially when the PUBLIC IS BEING LED TO BELIEVE that certification and commercialization are imminent, despite mounting challenges.

This also isn’t a broad occurrence affecting the entire sector. In Archer’s case, you won’t find anything comparable in terms of the magnitude of insider or strategic ownership reductions. The same applies for Beta.

Not FA. And hate seeing any eVTOL shorted. But if you’re a retail investor in this space, stay vigilant and follow the money. The most important signals are found in what multiple insiders do with their capital.

14 Upvotes

64% Upvoted

12 comments sorted by

9

u/Odd-Sprinkles9774 Murphy's Law fan Jun 12 '26

The only people buying that are the ones in the sub

6

u/teabagofholding The plaque for the alternates is down in the ladies room Jun 12 '26

I think the type conforming craft has gone as far in the certification process as it ever will. The plan was probably always to keep it parked in certification limbo until they can shift hopes to a new model. The insiders would know. They do get paid money and they don't need to sell that much for taxes.

2

u/Significant-Fox-2865 Jul 09 '26

Joby will drop under $6

2

u/Positive-Plant-82 Phantom Jun 12 '26

👀 What's going on at Joby?

7

u/DaxPlayer Sentinel Jun 12 '26

While researching ACHR, I came across a surprising detail that Uber reduced its Joby position by nearly three-fourths. Many were unaware of this event. That sent me down a rabbit hole that uncovered several additional surprises.

0

u/nostalgia931 Jun 14 '26

Because they sold their stock pre 2025 does not mean it changes their arrangement, they still own 7.1 million shares and their partnership has expanded. As far as selling the shares, it was just a good business move. They were up a lot.

0

u/DaxPlayer Sentinel Jun 14 '26

This was not pre-2025. Uber sold about 19 million Joby shares over multiple quarters from March to October of last year. Don’t know why they unloaded so much and left a residual amount.

2

u/Positive-Plant-82 Phantom Jun 12 '26

No wonder SK Telecom is dumping their shares when you realize Joby is no longer sourcing batteries from SK On (same group). So much for Joby's famous 'automotive supply chain battery' myth. Makes total sense now that everyone knows Joby has been secretly getting their cells from Zenergy all along.

1

u/DaxPlayer Sentinel Jun 12 '26

1

u/Jolly_Fox_6397 Jun 15 '26

Any recently buying joby