Pinelli Maria 4

What Happened
Maria Pinelli, a director of Archer Aviation (ACHR), reported exercising/converting 19,102 derivative units (code M) and the related disposition of those 19,102 derivative units, and receiving a grant of 40,983 restricted stock units (code A) on June 26, 2026. Each transaction was reported at a $0.00 price per share and a total reported dollar value of $0.00. These filings reflect an exercise/conversion event and an RSU award rather than an open-market purchase or sale.

Key Details

• Transaction date: June 26, 2026; Form 4 filed June 30, 2026 (filed within the Form 4 reporting window).
• Transactions reported: M (exercise/conversion) — 19,102 shares acquired and 19,102 shares disposed (both at $0.00); A (award) — 40,983 restricted stock units granted at $0.00.
• Reported dollar values: $0.00 for each transaction (price per share $0.00).
• Shares owned after the transaction: Not specified in the provided filing excerpt.
• Footnotes on RSUs:
  • F1: Each RSU = contingent right to one Class A common share, subject to continued service.
  • F2/F4: Vesting occurs on the earlier of the one-year anniversary of the grant or the Issuer’s 2026 (F2) or 2027 (F4) annual stockholders’ meeting.
  • F3: RSUs do not expire; they either vest or are cancelled prior to the vesting date.
• Transaction codes: M = exercise/conversion of derivative; A = award/grant. No 10b5-1 plan, tax-withholding, or late-filing indication is noted in the excerpt.

Context
These entries involve derivative conversion/exercise and RSU awards (compensation/vesting events) rather than open-market buying or selling. The $0.00 price suggests conversion or grant mechanics rather than a cash purchase. For retail investors, awards and exercises by directors often reflect compensation or previously granted equity instruments coming into receipt, and are not direct market sentiment signals like an open-market buy or sell.