Ex-Archer director (NYSE: ACHR) moves to sell more company warrants
Rhea-AI Filing Summary
Archer Aviation Inc. (ACHR) is the issuer for which Michael Spellacy, a former board director, filed a Form 144 notice to sell warrants. The notice covers 1,046,937 warrants, with prior warrant sales in the last three months, including 100,000 units and 161,000 units on separate dates. A portion of one sale involved an account of Achill Holdings LLC in which Spellacy is an authorized individual and account stakeholder.
Positive
- None.
Negative
- None.
Key Figures
Warrants to be sold: 1,046,937 units
Warrants outstanding in table: 89,992 units
Warrants sale example: 100,000 units
+5 more
8 metrics
Warrants to be sold
1,046,937 units
Securities To Be Sold section for Archer Aviation Inc.-related warrants
Warrants outstanding in table
89,992 units
Warrants listed under Securities Information
Warrants sale example
100,000 units
Warrants sold during the past 3 months on 08/11/2026
Warrants sale example
161,000 units
Warrants sold during the past 3 months on 08/20/2026
Small warrants sale
737 units
Warrants sold during the past 3 months, partly via Achill Holdings LLC account
Warrants expiration date
08/26/2026
Expiration date for listed Archer Aviation Inc.-related warrants
Amount for 100,000-unit sale
6,306.42
Associated amount for the 100,000 warrants sale during the past 3 months
Amount for 161,000-unit sale
3,613.18
Associated amount for the 161,000 warrants sale during the past 3 months
Key Terms
Rule 144, pro rata distribution, non-managing member, warrants
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.
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.
non-managing member financial
"of which the reporting person was a non-managing member"
warrants financial
"Warrants | Pershing 95 CHRISTOPHER COLUMBUS DR JERSEY CITY NJ 07399"
Warrants are special documents that give you the right to buy a company's stock at a set price before a certain date. They are often used as a way for companies to attract investors or raise money, and their value can increase if the company's stock price goes up.
FAQ
What does this Form 144 filing mean for Archer Aviation Inc. (ACHR)?
The filing reports that a former Archer Aviation Inc. (ACHR) board director, Michael Spellacy, has filed a notice of proposed sale of warrants relating to ACHR. It is a disclosure of potential sales, not an action by Archer Aviation Inc. itself.
AI-generated analysis. How Rhea-AI works. Not financial advice.