Archer Aviation GC Completes 10b5-1 Share Sale, Now Holds Zero Shares

Rhea-AI Filing Summary

Archer Aviation Inc. (ACHR) – Insider Form 4 filing dated 1 July 2025

General Counsel & Secretary Eric Lentell reported a single open-market sale (code “S”) of 95,896 Class A common shares on 30 June 2025 at an indicated price of $10.60 per share. Following the transaction, the filing shows 0 shares held directly. The disposition was executed under a Rule 10b5-1 trading plan adopted on 31 March 2025, which is now completed. The insider notes the trade was undertaken for tax and estate-planning purposes and confirms that no active 10b5-1 plan remains in place.

Only non-derivative securities are listed; no derivative positions were reported. The filing was submitted by a single reporting person and does not amend any prior Form 4.

Positive

• None.

Negative

• Complete sale of 95,896 shares by a senior officer may be viewed as a negative signal for insider confidence.
• The filing shows 0 shares beneficially owned directly after the transaction, reducing alignment with shareholder interests.

Insights

Securities Analyst

TL;DR: GC liquidated 95.9k ACHR shares under completed 10b5-1 plan; now shows zero direct holdings.

The sale represents a full disposition of General Counsel Eric Lentell’s directly held Class A shares, signalling reduced personal equity alignment with shareholders. Although the transaction was pre-scheduled and tagged for tax and estate planning, investors often view a complete exit by a senior legal officer as a mildly negative sentiment indicator. No derivative exposure or remaining holdings were disclosed, so future incentive alignment may rely on unreported option grants or RSUs. From a trading perspective, the volume—c. $1.0 million—should have limited market impact for a company of Archer’s size, but it removes a potential overhang from the 10b5-1 program.

Corporate Governance Expert

TL;DR: Sale was rule-compliant and pre-planned; governance risk low, optics moderately adverse.

The filing confirms adherence to Section 16 and Rule 10b5-1 procedures, mitigating concerns over improper insider timing. The explicit disclosure that no further 10b5-1 plan is active enhances transparency. Nevertheless, a senior officer holding zero direct shares can raise alignment questions and may prompt boards to review future equity retention guidelines. From a governance standpoint the event is not materially impactful, but investors could scrutinise insider commitment if additional sales by other executives follow.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

X

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Lentell Eric

(Last) (First) (Middle)

C/O ARCHER AVIATION INC.

190 WEST TASMAN DRIVE

(Street)

SAN JOSE CA 95134

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Archer Aviation Inc. [ ACHR ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	General Counsel and Secretary

3. Date of Earliest Transaction (Month/Day/Year)
06/30/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	06/30/2025		S(1)(2)		95,896	D	$10.6	0	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Such transaction was executed pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 31, 2025, which has now been completed. The reporting person does not have any active Rule 10b5-1 trading plan as of this report date.

2. This transaction was effected for tax and estate planning purposes.

	/s/ Eric Lentell	07/01/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

How many Archer Aviation (ACHR) shares did Eric Lentell sell?

The Form 4 reports a sale of 95,896 Class A common shares.

At what price were the ACHR shares sold?

The indicated transaction price is $10.60 per share.

Does the insider still hold Archer Aviation stock?

According to the filing, 0 shares are beneficially owned directly after the sale.

Was the transaction under a Rule 10b5-1 trading plan?

Yes. The sale was executed under a 10b5-1 plan adopted on 31 Mar 2025, which is now completed.

Why was the ACHR insider sale executed?

The filing states it was carried out for tax and estate-planning purposes.