Archer CTO sells shares to cover tax withholding
Archer Aviation Inc. reported that Chief Technology Officer Thomas Paul Muniz sold 9,580 shares of Class A common stock on March 13, 2026 at a weighted average price of $6.2749 per share.
Rhea-AI Filing Summary
Archer Aviation Inc. reported that Chief Technology Officer Thomas Paul Muniz sold 9,580 shares of Class A common stock on March 13, 2026 at a weighted average price of $6.2749 per share. According to the disclosure, these shares were automatically sold to satisfy tax withholding obligations arising from the vesting of a 2025 performance-based restricted stock unit award, consistent with company policy. After this transaction, Muniz directly holds 1,352,208 shares of Archer Aviation’s Class A common stock, indicating this was a small, routine disposition tied to compensation rather than a discretionary open-market sale.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 9,580 | $6.2749 | $60K |
Footnotes (2)
- F1. Represents shares of the issuer's Class A common stock sold to satisfy the reporting person's tax withholding obligations, which were incurred in connection with the vesting of the 2025 PRSU Award, which vesting was separately reported on a Form 4 filed with the U.S. Securities and Exchange Commission on March 12, 2026. In accordance with company policy, shares are automatically sold to cover such obligations.
- F2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $6.225 to $6.315 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.
FAQ
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What insider transaction did Archer Aviation (ACHR) disclose for Thomas Paul Muniz?
Was the Archer Aviation CTO’s March 2026 sale a discretionary trade or automatic?
What award triggered the tax-withholding sale reported by Archer Aviation (ACHR)?
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