Archer Aviation (NYSE: ACHR) CAO sells shares to cover taxes
Rhea-AI Filing Summary
Archer Aviation Inc. (ACHR) reported that its Chief Accounting Officer, Harsh Rungta, had restricted stock units convert into Class A Common Stock on August 15, 2026, resulting in acquisitions of 21,754 and 12,412 shares at a conversion price of $0.00 per share. On August 17, 2026, he sold 13,880 shares of Class A Common Stock in the market at a weighted average price of $6.4128 per share, within a price range of $6.32 to $6.485, to satisfy tax withholding obligations related to the RSU vesting.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and sale activity reported; no spread calculated
Exercise and Sale
5 txns
Insider
Rungta Harsh
Role
Chief Accounting Officer
Sold
13,880 shs ($89K)
Approx. gross sale proceeds
$89K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock F2, F3 | 13,880 | $6.4128 | $89K |
| Exercise | Restricted Stock Units F4, F5, F6 | 21,754 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units F4, F7, F6 | 12,412 | $0.00 | $0.00 |
| Exercise | Class A Common Stock F1 | 21,754 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 12,412 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Units — 254,643 shares (Direct);
Class A Common Stock — 110,847 shares (Direct)
Footnotes (7)
- F1. Includes 3,351 shares of Class A Common Stock acquired by the reporting person in one or more transactions with the issuer pursuant to its Employee Stock Purchase Plan, which transactions are exempt pursuant to Rules 16a3(f)(1)(i)(B) and 16b3(c).
- F2. Represents shares of Class A Common Stock sold to satisfy tax withholding obligations incurred in connection with the vesting of restricted stock units.
- F3. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $6.32 to $6.485 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.
- F4. 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.
- F5. 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.
- F6. These restricted stock units do not expire; they either vest or are cancelled prior to the vesting date.
- F7. 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
Shares sold: 13,880 shares
Weighted average sale price: $6.4128 per share
RSUs converted (lot 1): 21,754 units
+3 more
6 metrics
Shares sold
13,880 shares
Class A Common Stock sale on August 17, 2026
Weighted average sale price
$6.4128 per share
Open-market or private sale on August 17, 2026; prices ranged $6.32–$6.485
RSUs converted (lot 1)
21,754 units
Restricted Stock Units exercised/converted on August 15, 2026 into Class A Common Stock
RSUs converted (lot 2)
12,412 units
Restricted Stock Units exercised/converted on August 15, 2026 into Class A Common Stock
Conversion price for RSUs
$0.00 per share
Exercise/conversion of Restricted Stock Units into Class A Common Stock
ESPP shares included
3,351 shares
Class A Common Stock acquired under Employee Stock Purchase Plan and included in reported holdings
Key Terms
Restricted Stock Units, weighted average price, Employee Stock Purchase Plan, tax withholding obligations
4 terms
Restricted Stock Units financial
"Each restricted stock unit represents a contingent right to receive one share"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
weighted average price financial
"The price reported in Column 4 is a weighted average price"
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
Employee Stock Purchase Plan financial
"acquired by the reporting person in one or more transactions with the issuer pursuant to its Employee Stock Purchase Plan"
An employee stock purchase plan is a company program that lets workers buy shares through small payroll deductions, often at a discount to the market price and after a set offering period. Think of it like a workplace savings plan that turns into ownership: it encourages employees to share in the company’s success and can create predictable buying or selling of stock that investors watch because it affects supply, demand and employee incentives.
tax withholding obligations financial
"shares of Class A Common Stock sold to satisfy tax withholding obligations incurred in connection with the vesting"
FAQ
What insider transactions did ACHR Chief Accounting Officer Harsh Rungta report?
Harsh Rungta reported RSU conversions into Class A Common Stock on August 15, 2026 and a sale of 13,880 shares on August 17, 2026. The sale was to cover tax withholding obligations from the RSU vesting.
What RSU activity did Archer Aviation (ACHR) disclose for Harsh Rungta?
The company disclosed that restricted stock units representing 21,754 and 12,412 underlying shares of Class A Common Stock were exercised/converted on August 15, 2026, at a conversion price of $0.00 per share.
How do Harsh Rungta’s RSUs in ACHR convert into Class A Common Stock?
Each restricted stock unit represents a contingent right to receive one share of Archer Aviation Class A Common Stock. Receipt is subject to his continued status as a service provider and the vesting schedule described in the footnotes.
AI-generated analysis. How Rhea-AI works. Not financial advice.
