Archer Aviation officer sells shares for tax withholding
Archer Aviation Inc. Chief Legal & Strategy Officer Eric Lentell reported an open-market sale of 8,059 shares of Class A common stock at a weighted average price of $6.2749 per share.
Rhea-AI Filing Summary
Archer Aviation Inc. Chief Legal & Strategy Officer Eric Lentell reported an open-market sale of 8,059 shares of Class A common stock at a weighted average price of $6.2749 per share. The shares were sold on March 13, 2026 to satisfy tax withholding obligations arising from vesting of a 2025 PRSU Award, and were automatically sold under company policy. After this transaction, Lentell directly holds 150,119 shares. The sale price reflected multiple trades within a range of $6.225 to $6.315 per share.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 8,059 | $6.2749 | $51K |
Footnotes (2)
- F1. Represents shares of the issuer's Class A common stock sold to satisfy the reporting person's tax withholding obligations, which were incurred in connection with the vesting of the 2025 PRSU Award, which vesting was separately reported on a Form 4 filed with the U.S. Securities and Exchange Commission on March 12, 2026. In accordance with company policy, shares are automatically sold to cover such obligations.
- F2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $6.225 to $6.315 per share, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the U.S. Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
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