Archer Aviation (ACHR) CAO sells 22,826 shares to cover tax bill
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Archer Aviation Inc.’s Chief Accounting Officer, Harsh Rungta, reported an open‑market sale of 22,826 shares of Class A Common Stock at a weighted average price of $6.461 per share.
According to the footnotes, these shares were sold to satisfy tax withholding obligations from recently vested restricted stock units. After the transaction, Rungta directly holds 65,458 shares of Class A Common Stock, which includes 2,569 shares acquired through the company’s employee stock purchase plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 22,826 shares ($147,479)
Net Sell
1 txn
Insider
Rungta Harsh
Role
Chief Accounting Officer
Sold
22,826 shs ($147K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 22,826 | $6.461 | $147K |
Holdings After Transaction:
Class A Common Stock — 65,458 shares (Direct)
Footnotes (1)
- Represents shares of Class A Common Stock sold to satisfy tax withholding obligations incurred in connection with the vesting of restricted stock units, which vesting was separately reported on a Form 4 filed with the U.S. Securities and Exchange Commission on March 3, 2026. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $6.315 to $6.775 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. The reported total includes 2,569 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).
FAQ
What insider transaction did ACHR’s Harsh Rungta report?
Harsh Rungta, Archer Aviation’s Chief Accounting Officer, reported selling 22,826 shares of Class A Common Stock. The sale was executed as an open-market transaction and was used to cover tax withholding obligations arising from the vesting of restricted stock units.
What type of security did ACHR’s insider transaction involve?
The transaction involved Archer Aviation’s Class A Common Stock, a non-derivative security. Shares were sold in the open market in multiple trades within a specified price range, with a weighted average price reported for disclosure purposes in the Form 4 filing.