Archer Aviation Director Acquires 54,644 Shares Through RSU Vesting
Archer Aviation (ACHR) Director Michael Spellacy reported significant insider transactions on June 21, 2025.
Rhea-AI Filing Summary
Archer Aviation (ACHR) Director Michael Spellacy reported significant insider transactions on June 21, 2025. The transactions involved:
- Acquisition of 54,644 shares of Class A Common Stock at $0 through the vesting of Restricted Stock Units (RSUs)
- Following the transaction, Spellacy directly owns 54,644 shares
- Additionally holds 1,162,183 shares indirectly through Achill Holdings LLC, where he serves as sole managing member
The RSUs vested according to the predetermined schedule, which was set for the earlier of: (1) one-year anniversary of the grant date, or (2) the date of Archer Aviation's 2025 annual stockholders' meeting. This transaction represents a scheduled vesting event rather than an open market transaction, demonstrating continued alignment between the director and company interests.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 54,644 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 54,644 | $0.00 | $0.00 |
| holding | Class A Common Stock | -- | -- | -- |
Footnotes (4)
- F1. The reporting person owns the securities indirectly through Achill Holdings LLC, of which he is the sole managing member.
- F2. 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 service to the Issuer as of the applicable vesting date.
- F3. The entire award vested or vests on the earlier of the: (i) one year anniversary of the grant date or (ii) date of the Issuer's 2025 annual stockholders' meeting.
- F4. These restricted stock units do not expire; they either vest or are cancelled prior to the vesting date.
FAQ
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What was the vesting schedule for ACHR Director Spellacy's Restricted Stock Units?
What is the total ACHR stock ownership of Director Michael Spellacy after the June 21, 2025 transaction?
When did ACHR Director Spellacy file this Form 4?
AI-generated analysis. How Rhea-AI works. Not financial advice.