Tax sale by Archer Aviation (ACHR) CTO covers RSU vesting
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Archer Aviation Inc. Chief Technology Officer Thomas Paul Muniz reported selling 94,725 shares of Class A common stock in an open-market transaction at a weighted average price of $6.461 per share on March 5, 2026. The sale was made to satisfy tax withholding obligations related to vesting restricted stock units. After this transaction and a one-share administrative correction, he held 1,345,430 shares of Archer Aviation Class A common stock directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 94,725 shares ($612,018)
Net Sell
1 txn
Insider
Muniz Thomas Paul
Role
CHIEF TECHNOLOGY OFFICER
Sold
94,725 shs ($612K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 94,725 | $6.461 | $612K |
Holdings After Transaction:
Class A Common Stock — 1,345,430 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. For clarity, the total reported in Table I after giving effect to the reported transaction has been corrected to reflect one additional share not included in the reporting person's previous Form 4 filed on March 3, 2026, due to administrative error.
FAQ
What insider transaction did Archer Aviation (ACHR) report for Thomas Paul Muniz?
Archer Aviation Chief Technology Officer Thomas Paul Muniz reported selling 94,725 shares of Class A common stock. The sale was an open-market transaction used to cover tax withholding obligations from vesting restricted stock units and was recorded on March 5, 2026.
What correction was disclosed in this Archer Aviation (ACHR) Form 4 filing?
The filing states that the total number of shares reported after the transaction was corrected by one additional share. This adjustment fixes an administrative error in a previous Form 4, ensuring the current post-transaction holding of 1,345,430 shares is accurate.