Archer Aviation (ACHR) CAO acquires 85,715 shares through RSU conversion
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Archer Aviation Inc. Chief Accounting Officer Harsh Rungta reported an automatic exercise and conversion of 85,715 restricted stock units into 85,715 shares of Class A Common Stock on March 1, 2026, at a price of $0.00 per share.
Following these transactions, he directly holds 174,026 restricted stock units and 85,715 shares of Class A Common Stock. The award vests with 1/3 on March 1, 2026 and the remaining 1/12 quarterly on May 15, August 15, November 15, and March 1, so long as he continues as a service provider.
Positive
- None.
Negative
- None.
Insider Trade Summary
85,715 shares exercised/converted
Mixed
2 txns
Insider
Rungta Harsh
Role
Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 85,715 | $0.00 | -- |
| Exercise | Class A Common Stock | 85,715 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 174,026 shares (Direct);
Class A Common Stock — 85,715 shares (Direct)
Footnotes (1)
- 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. 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. These restricted stock units do not expire; they either vest or are cancelled prior to the vesting date.
FAQ
What insider transaction did Archer Aviation (ACHR) report for Harsh Rungta?
Harsh Rungta reported acquiring shares through an RSU conversion. On March 1, 2026, 85,715 restricted stock units were converted into 85,715 shares of Archer Aviation Class A Common Stock at $0.00 per share, reflecting equity-based compensation rather than an open-market purchase.
Were the Archer Aviation (ACHR) insider transactions open-market purchases or RSU conversions?
The transactions were RSU exercises and conversions, not open-market trades. Code “M” indicates an exercise or conversion of derivative securities, with 85,715 restricted stock units converting into 85,715 Class A Common Stock shares at a stated price of $0.00 per share.
What is the vesting schedule of Harsh Rungta’s Archer Aviation (ACHR) RSU award?
The RSU award vests over time based on continued service. One-third of the total award vests on March 1, 2026, and one-twelfth vests quarterly thereafter on May 15, August 15, November 15, and March 1, assuming he remains a service provider to Archer Aviation.
Do Archer Aviation (ACHR) restricted stock units held by Harsh Rungta expire?
The restricted stock units either vest or are cancelled; they do not expire. According to the disclosure, these RSUs remain outstanding until they vest under the service and time conditions, or are cancelled before their scheduled vesting dates, rather than having a traditional expiration date.