Lentell Eric 4

What Happened

• Eric Lentell, Archer Aviation's Chief Legal & Strategy Officer, was reported as acquiring 18,695 shares on March 10, 2026 via a performance-based restricted stock unit (PRSU) award. The Form 4 shows an acquisition price of $0.00 because these shares represent earned compensation, not an open-market purchase.
• The shares reflect the certification of the first of three tranches of a 2025 PRSU Award (original grant: Feb 17, 2025). The first tranche was certified at 53.73% of target, so one-third of the PRSU award became earned at that percentage; those earned units are fully vested and may be settled for Class A common stock on the certification date.

Key Details

• Transaction date: March 10, 2026 (reported on Form 4 filed March 12, 2026 — within the usual 2‑business‑day reporting window).
• Transaction type/code: Award/Acquisition (A).
• Shares reported acquired: 18,695; reported price: $0.00 (compensation award).
• Vesting/condition: First tranche of 2025 PRSU; vesting based on relative total shareholder return and continued service; certified at 53.73% of target.
• Shares owned after transaction: Not specified in the filing.
• Footnotes: F1 describes grant and service/vesting conditions; F2 explains certification date and percent-of-target applied to the tranche.

Context

• This was a performance-based compensation settlement, not an open-market buy or sell. The 53.73% certification means the tranche paid out below target, so Lentell received fewer shares than the full target amount.
• Such awards are part of executive compensation and don't directly signal buying or selling intent by the insider.