Diaz Fred M 4
4 · Archer Aviation Inc. · Filed Jun 30, 2026
Research Summary
AI-generated summary of this filing
Archer (ACHR) Director Fred Diaz Receives 40,983 RSUs
What Happened
Fred M. Diaz, a director of Archer Aviation (ACHR), on 2026-06-26 converted/exercised 19,102 derivative units (code M) at $0.00 and was granted 40,983 restricted stock units (RSUs) (code A) at $0.00. The filing shows no cash paid or received for these transactions — they reflect a conversion/award rather than an open-market purchase or sale.
Key Details
- Transaction date: 2026-06-26; Form 4 filed 2026-06-30 (filed within the standard reporting window).
- Transactions reported:
- Exercise/conversion of derivative (M): 19,102 shares acquired @ $0.00; same 19,102 derivative units marked disposed (derivative reporting).
- Grant/award (A): 40,983 RSUs acquired @ $0.00.
- Cash/value: $0 reported for each transaction (these are non-cash compensation/convertible units).
- Shares owned after transaction: Not specified in the provided excerpt of the filing.
- Footnote highlights: RSUs represent a contingent right to one share on vesting; vesting schedules cited include vesting on the earlier of one-year anniversary or the issuer’s 2026 or 2027 annual meeting; some RSUs convert into deferred stock units that settle for shares on the 10th anniversary (with earlier settlement possible on death, disability, separation, or unforeseeable emergency); deferred units do not expire.
Context
These entries are compensation/derivative conversions (not open-market buys or sales). RSU grants and conversions are common for directors and reflect company compensation or vesting mechanics rather than an immediate market-direction signal. For investors, such non-cash awards indicate director equity alignment but do not show an out-of-pocket purchase that might be interpreted as a direct bullish vote.
Insider Transaction Report
- Exercise/Conversion
Class A Common Stock
2026-06-26+19,102→ 126,457 total - Exercise/Conversion
Restricted Stock Units
[F1][F2][F3]2026-06-26−19,102→ 0 total→ Class A Common Stock (19,102 underlying) - Award
Deferred Restricted Stock Units
[F1][F4][F5]2026-06-26+40,983→ 40,983 total→ Class A Common Stock (40,983 underlying)
Footnotes (5)
- [F1]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 on the applicable vesting date.
- [F2]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 2026 annual stockholders' meeting.
- [F3]These restricted stock units do not expire; they either vest or are cancelled prior to the vesting date.
- [F4]All of the restricted stock units vest on the earlier of the: (i) one year anniversary of the grant date or (ii) date of the Issuer's 2027 annual stockholders' meeting. On the vesting date, pursuant to the reporting person's election, the restricted stock units will automatically convert into an equal number of deferred stock units, which will be settled for an equal number of shares of the Issuer's Class A Common Stock on the tenth anniversary of the grant date. Notwithstanding the aforementioned deferral period, from and after the vesting date, the deferred stock units may automatically settle earlier upon the reporting person's death, disability, or separation from service with the Issuer, or upon the occurrence of an "unforeseeable emergency," as that term is defined under the deferred compensation program.
- [F5]The deferred restricted stock units do not expire; they either will vest on the vesting date and settle for shares at the end of the deferral period or they will be cancelled prior to the vesting date in the event the reporting person ceases to provide services to the Issuer.