JOBY (ticker: JOBY) insider Joeben Bevirt files to sell 121,000 shares
Rhea-AI Filing Summary
JOBY insider Joeben Bevirt filed a notice to sell 121,000 common shares under Rule 144. The planned sale is through Morgan Stanley Smith Barney LLC on the NYSE, with an aggregate market value of $1,272,920. The issuer had 911,783,173 common shares outstanding. These shares were originally acquired as founders shares on 09/11/2009. Over the past three months, Bevirt has already sold 1,630 and 23,552 common shares for gross proceeds of $24,172.90 and $318,187.52, respectively.
Positive
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Insights
Form 144 shows planned JOBY insider sales totaling 121,000 shares.
This notice indicates that Joeben Bevirt intends to sell 121,000 JOBY common shares under Rule 144, with an aggregate market value of $1,272,920. The shares were acquired as founders shares on 09/11/2009, suggesting long-held insider ownership.
The filing also lists recent sales over the prior three months of 1,630 and 23,552 shares, for gross proceeds of $24,172.90 and $318,187.52. Sales are to be executed via Morgan Stanley Smith Barney LLC on the NYSE, but the filing does not discuss reasons for selling.
From an investor perspective, this is a routine disclosure of potential share sales rather than a corporate event. Actual market impact depends on execution timing and trading volume relative to typical JOBY share activity, which is not detailed in the excerpt.
FAQ
What does the JOBY Form 144 filed by Joeben Bevirt disclose?
The Form 144 discloses that Joeben Bevirt intends to sell 121,000 JOBY common shares under Rule 144. The planned sale has an aggregate market value of $1,272,920 and will be executed through Morgan Stanley Smith Barney LLC on the NYSE.