Lentell Eric 4
Research Summary
AI-generated summary
Archer (ACHR) Chief Legal & Strategy Officer Eric Lentell Sells 37,390 Shares
What Happened
Eric Lentell, Chief Legal & Strategy Officer of Archer Aviation (ACHR), reported the sale of 37,390 shares on March 5, 2026. The shares were disposed for total proceeds of approximately $241,577 at a weighted-average price of $6.46 per share. The transaction is reported as a sale and was executed to satisfy tax withholding obligations associated with the vesting of restricted stock units.
Key Details
- Transaction date: March 5, 2026; Form 4 filed March 9, 2026 (timely filing).
- Transaction type/code: Sale (S); described as shares sold to satisfy tax withholding (F1).
- Price: Weighted average $6.46; sale prices ranged from $6.315 to $6.775 per share (F2).
- Proceeds: ~$241,577.
- Shares owned after transaction: The Form 4 notes a corrected total in Table I (one additional share was added to correct a prior Form 4); see the filing for the exact post-transaction holding (F3).
- Footnotes: F1 = tax-withholding sale for RSU vesting (previously reported RSU vesting on Form 4 filed Mar 3, 2026). F2 = weighted-average price and price range; full per-price breakdown available on request. F3 = correction of one share to prior report.
Context
This was a withholding sale tied to RSU vesting (a routine transaction to cover taxes), not an independent open-market buy/sell signal of new conviction. Such tax-withholding disposals are common after awards vest and do not necessarily indicate a change in the insider’s view of the company.