Archer Aviation Board Member Increases Stake as eVTOL Maker Grows
Rhea-AI Filing Summary
Director Fred M. Diaz of Archer Aviation (NYSE: ACHR) reported the vesting of 54,644 Restricted Stock Units (RSUs) on June 21, 2025. The RSUs were converted into an equal number of Class A Common Stock shares at an exercise price of $0.
Following the transaction, Diaz now directly owns 107,355 shares of Class A Common Stock. The RSUs vested according to the predetermined schedule, which was set to occur at the earlier of:
- One year anniversary of the grant date
- Date of Archer Aviation's 2025 annual stockholders' meeting
This Form 4 filing was submitted by Eric Lentell as attorney-in-fact for Diaz on June 24, 2025. The transaction represents a standard vesting event of director compensation and does not involve any market purchases or sales.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 54,644 shares
Net Buy
2 txns
Insider
Diaz Fred M
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 54,644 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 54,644 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct);
Class A Common Stock — 107,355 shares (Direct)
Footnotes (3)
- F1. 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 service to the Issuer as of the applicable vesting date.
- F2. The entire award vested or vests on the earlier of the: (i) one year anniversary of the grant date or (ii) date of the Issuer's 2025 annual stockholders' meeting.
- F3. These restricted stock units do not expire; they either vest or are cancelled prior to the vesting date.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction occurred at ACHR on June 21, 2025?
Director Fred M. Diaz acquired 54,644 shares of ACHR Class A Common Stock through the vesting of Restricted Stock Units (RSUs) at $0 exercise price, bringing his total direct ownership to 107,355 shares.
What were the vesting terms for ACHR Director Diaz's Restricted Stock Units?
The RSUs vest on the earlier of: (i) one year anniversary of the grant date or (ii) the date of Archer Aviation's 2025 annual stockholders' meeting. Each RSU represents a right to receive one share of Class A Common Stock.
When was ACHR's Form 4 filed for Director Diaz's transaction?
The Form 4 was filed on June 28, 2025, reporting a transaction that occurred on June 21, 2025. The form was signed by Eric Lentell as attorney-in-fact for Fred M. Diaz on June 24, 2025.