Archer Aviation CAO sells shares for tax withholding
Archer Aviation’s Chief Accounting Officer Harsh Rungta reported equity compensation activity and a related share sale.
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Rhea-AI Filing Summary
Archer Aviation’s Chief Accounting Officer Harsh Rungta reported equity compensation activity and a related share sale. He exercised vested restricted stock units into 34,166 shares of Class A common stock, at a stated conversion price of $0.00 per share.
To cover tax withholding obligations from this vesting, he sold 12,414 shares of Class A common stock at a weighted average price of $5.9527 per share, with individual sale prices ranging from $5.87 to $6.13. Following these transactions, he directly holds 87,210 shares of Class A common stock and 152,272 restricted stock units that remain outstanding and subject to vesting conditions.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 12,414 | $5.9527 | $74K |
| Exercise | Restricted Stock Units | 21,754 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 12,412 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 21,754 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 12,412 | $0.00 | $0.00 |
Footnotes (6)
- F1. Represents shares of Class A Common Stock sold to satisfy tax withholding obligations incurred in connection with the vesting of restricted stock units.
- F2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $5.87 to $6.13 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.
- F3. 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.
- F4. The award vested or vests as to: (i) 1/3 of the total award on March 1, 2026; and (ii) 1/12 of the total award quarterly thereafter on May 15, August 15, November 15, and March 1.
- F5. These restricted stock units do not expire; they either vest or are cancelled prior to the vesting date.
- F6. The award vested or vests quarterly as to 1/12 of the total award, with the first tranche vesting on May 15, 2026, and vesting thereafter on August 15, November 15, March 1, and May 15.
Key Figures
Key Terms
Restricted Stock Units financial
weighted average price financial
tax withholding obligations financial
derivative exercise/conversion financial
vesting financial
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