Muniz Thomas Paul 4
Research Summary
AI-generated summary
Archer (ACHR) CTO Thomas Muniz Sells 94,725 Shares
What Happened
Thomas Paul Muniz, Chief Technology Officer of Archer Aviation (ACHR), sold 94,725 shares of Archer Class A common stock on March 5, 2026. The reported weighted-average sale price was $6.46 per share (range $6.315–$6.775), producing proceeds of approximately $612,018. This was a sale (not a purchase) and was executed to satisfy tax withholding obligations related to the vesting of restricted stock units.
Key Details
- Transaction date: March 5, 2026; filing date: March 9, 2026 (timely within the 2-business-day Form 4 window).
- Transaction type/code: Sale (S); sale to satisfy tax withholding on vested RSUs (footnote F1/F).
- Price: Weighted average $6.46; individual trades ranged $6.315–$6.775 (footnote F2).
- Proceeds: Approximately $612,018.
- Post-transaction holdings: The filing corrects one share from a prior Form 4 (footnote F3); see the Form 4 for the exact post-transaction total.
- Related filing: The underlying RSU vesting was separately reported on a Form 4 filed March 3, 2026.
Context
This was a routine cashless-type sale to cover taxes on vested restricted stock units, a common insider transaction that generally reflects tax-related liquidity rather than a directional investment view. The filing includes a weighted-average price and a range for multiple trades; the reporting person has offered to provide trade-level price details on request.