ACHR insider filing updates Priya Gupta RSU vesting details
Rhea-AI Filing Summary
Archer Aviation Inc. (ACHR) reported an amended insider transaction for its Interim CFO, Priya Gupta. The Form 4/A corrects the number of restricted stock units that vested on March 1, 2025 from a single RSU award. On that date, 19,484 restricted stock units converted into shares of Class A common stock at a price of $0 per share, reflecting the nature of RSU vesting rather than an open-market purchase. The RSU award’s vesting schedule had previously been modified by the company’s compensation committee, and the units either vest or are cancelled prior to the vesting date. After giving effect to all transactions originally reported in the earlier filing, the reporting person directly held 127,463 shares of Archer Aviation Class A common stock.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 19,484 | $0.00 | -- |
| Exercise | Class A Common Stock | 19,484 | $0.00 | -- |
Footnotes (1)
- Includes 2,073 shares of Class A Common Stock acquired by the reporting person in one or more transactions with Issuer pursuant to its Employee Stock Purchase Plan, which transactions are exempt pursuant to Rules 16a3(f)(1)(i)(B) and 16b3(c). Each restricted stock unit represents a contingent right to receive one share of the Issuer's Class A Common Stock, subject to the reporting person's continued status as a service provider to the Issuer. The award vested as to 1/4 of the total award on August 15, 2023. The award was originally scheduled to vest in ratable increments of 1/16 of the total award quarterly thereafter on each November 15th, March 1st, May 15th, and August 15th. The original vesting schedule was modified pursuant to approval of the Issuer's Compensation Committee, resulting in vesting of 1/8 of the total award on certain scheduled vesting dates, including on the transaction date. Pursuant to the modified vesting schedule, the award vested in full on August 15, 2025. These restricted stock units do not expire; they either vest or are cancelled prior to the vesting date.