Ex-Archer director plans $17.4M warrant sale

Archer Aviation Inc. (ACHR) is the issuer for a notice filed by former board director Michael Spellacy under Rule 144 to sell warrants.

Rhea-AI Filing Summary

Archer Aviation Inc. (ACHR) is the issuer for a notice filed by former board director Michael Spellacy under Rule 144 to sell warrants. The notice covers a proposed sale of 12,320 warrants, with an approximate unit price of $173.51 and aggregate market value of $17,394,945, through Pershing Advisor Solutions on 08/27/2026. The filing also lists several prior warrant sales over the past three months.

Key Figures

Warrants to be sold: 12,320 warrants Approximate unit price: $173.51 Aggregate market value: $17,394,945 +4 more

7 metrics

Warrants to be sold 12,320 warrants Proposed sale under Rule 144 for Archer Aviation Inc.

Approximate unit price $173.51 Approximate unit price for the 12,320 warrants to be sold

Aggregate market value $17,394,945 Aggregate market value of warrants covered by the notice

Prior sale 1 amount 100,000 warrants Warrants sold on 08/11/2026

Prior sale 1 gross proceeds $6,306.42 Gross proceeds from 100,000 warrants sold on 08/11/2026

Prior sale 3 amount 161,000 warrants Warrants sold on 08/20/2026

Prior sale 3 gross proceeds $3,613.18 Gross proceeds from 161,000 warrants sold on 08/20/2026

Key Terms

Rule 144, aggregate market value, gross proceeds, pro rata distribution

4 terms

Rule 144 regulatory

"See the definition of "person" in paragraph (a) of Rule 144."

Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.

aggregate market value financial

"12320 | 173.51 | 17394945 | 08/27/2026"

Aggregate market value is the combined price you would pay to buy all outstanding shares of a company or all companies in a group at current market prices — essentially the sum of each stock’s market capitalization. It matters to investors because it shows the overall size and weight of an investment or sector (like the total cost to buy every piece of a puzzle), helps compare scale across companies or markets, and influences index composition and risk exposure.

gross proceeds financial

"Amount of securities sold, Gross proceeds"

The total amount of cash a company receives from a financing event or sale before any fees, expenses, taxes or deductions are taken out. Investors watch gross proceeds because it shows the raw scale of new capital being raised—think of it as the paycheck amount before withholdings—which helps assess how much funding is available for operations, growth, debt payoff or how much shareholder dilution might occur once costs are removed.

pro rata distribution financial

"The reported transaction was a pro rata distribution from Atlas Crest Investment LLC"

A pro rata distribution is when a company or organization shares out money, assets, or benefits evenly among all eligible people based on their size or share. For example, if a company makes a profit and distributes it to shareholders, each person gets a portion proportional to how many shares they own. It ensures everyone gets their fair part based on their ownership or stake.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What does the Form 144 filing for ACHR by Michael Spellacy disclose?

It discloses that former Archer Aviation Inc. (ACHR) board director Michael Spellacy intends to sell 12,320 warrants under Rule 144, with an approximate unit price of $173.51 and aggregate market value of $17,394,945, through Pershing Advisor Solutions.

How many ACHR warrants are covered by the new Rule 144 notice?

The Rule 144 notice covers a proposed sale of 12,320 warrants of Archer Aviation Inc. (ACHR), to be sold through Pershing Advisor Solutions, with a stated approximate unit price of $173.51 and aggregate market value of $17,394,945.

What prior ACHR warrant sales has Michael Spellacy reported in the last 3 months?

He reported multiple warrant sales: 100,000 warrants for gross proceeds of $6,306.42, 10,200 for $305.99, 161,000 for $3,613.18, 737 for $13.27, and 89,992 for $1,267.00, all dated in August 2026.

Who is the selling security holder in the ACHR Form 144 filing?

The selling security holder is Michael Spellacy, identified as a former board director of Archer Aviation Inc. (ACHR). The filing also notes a prior pro rata distribution from Atlas Crest Investment LLC, where he was a non-managing member.

Which broker is named for the planned ACHR warrant sale?

The planned sale of Archer Aviation Inc. (ACHR) warrants is listed as going through Pershing Advisor Solutions, located in Jersey City, New Jersey, in the Form 144 securities information section.

What remark is included about part of the ACHR warrant sale?

The remarks state that 737 units of one day’s sale took place in the Achill Holdings LLC account, where Michael G. Spellacy is an authorized individual and account holder.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Available on EDGAR 08/28/2026 - 10:00 AM EDT Accepted by SEC EDGAR 08/28/2026 - 09:59 AM EDT Learn about SEC filing dates

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK	0001829665
Filer CCC	XXXXXXXX
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer	Archer Aviation Inc.
SEC File Number	001-39668
Address of Issuer	190 WEST TASMAN DRIVE SAN JOSE CALIFORNIA 95134
Phone	650-272-3233
Name of Person for Whose Account the Securities are To Be Sold	Spellacy Michael
See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.
Relationship to Issuer	Former Board Director

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Warrants	Pershing Advisor Solutions 95 CHRISTOPHER COLUMBUS DR JERSEY CITY NJ 07399	12320	173.51	17394945	08/27/2026	NYSE

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Warrants	11/19/2021	The reported transaction was a pro rata distribution from Atlas Crest Investment LLC, of which the reporting person was a non-managing member	AtlasCrest Investment LLC			1046937	11/19/2021	Compensation

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
Michael Spellacy 6 ELWIL DR Westport CT 06880	Warrants	08/11/2026	100000	6306.42
Michael Spellacy 6 ELWIL Dr Westport CT 06880	Warrants	08/19/2026	10200	305.99
Michael Spellacy 6 ELWIL DR Westport CT 06880	Warrants	08/20/2026	161000	3613.18
Michael Spellacy 6 ELWIL Dr Westoport CT 06880	Warrants	08/24/2026	737	13.27
Michael Spellacy 6 ELWIL DR Westport CT 06880	Warrants	08/26/2026	89992	1267.00

144: Remarks and Signature

Remarks	737 units of today's sale took place in the Achill Holdings LLC account which Micael G. Spellacy is an authorized individual and account holder.
Date of Notice	08/28/2026
ATTENTION:
The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.
Signature	Michael Spellacy
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)