Archer Aviation (NYSE: ACHR) officer sells 37,390 shares to cover RSU taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Archer Aviation Inc. Chief Legal & Strategy Officer Eric Lentell sold 37,390 shares of Class A Common Stock on March 5, 2026, in an open-market transaction 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. The shares were sold in multiple trades at prices ranging from $6.315 to $6.775 per share. After this tax-related sale and a one-share administrative correction, Lentell directly holds 139,483 Class A shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 37,390 shares ($241,577)
Net Sell
1 txn
Insider
Lentell Eric
Role
Chief Legal & Strategy Officer
Sold
37,390 shs ($242K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 37,390 | $6.461 | $242K |
Holdings After Transaction:
Class A Common Stock — 139,483 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 Eric Lentell?
Archer Aviation reported that Eric Lentell sold 37,390 Class A Common Stock shares. The sale occurred on March 5, 2026, as an open-market transaction at a weighted average price of $6.461 per share to cover tax withholding from vested restricted stock units.
Does the Archer Aviation (ACHR) Form 4 note any special conditions or corrections?
Yes. One footnote explains the sale was solely to cover tax withholding on vested restricted stock units. Another clarifies the reported post-transaction total corrects a prior Form 4 by adding one share that was previously omitted due to administrative error.