Lentell Eric 4
4 · Archer Aviation Inc. · Filed Mar 16, 2026
Research Summary
AI-generated summary of this filing
Archer (ACHR) Chief Legal & Strategy Officer Eric Lentell Sells 8,059 Shares
What Happened Eric Lentell, Archer Aviation’s Chief Legal & Strategy Officer, sold 8,059 shares of Archer Class A common stock on March 13, 2026. The weighted average sale price was $6.27 per share (range $6.225–$6.315), for gross proceeds of approximately $50,569. According to the filing, the shares were sold to satisfy the reporting person's tax withholding obligations in connection with the vesting of a 2025 PRSU award.
Key Details
- Transaction date: March 13, 2026; Form 4 filed March 16, 2026 (file appears timely—filed within the SEC’s two-business-day window).
- Shares sold: 8,059; weighted average price reported $6.27; sale prices ranged $6.225–$6.315 per share.
- Total proceeds: ≈ $50,569 (gross).
- Reason: Shares were sold automatically to cover tax withholding on vested 2025 PRSU award (footnote F1).
- Footnote F2: weighted-average price; reporting person can provide breakdown of sales by individual price on request.
- Shares owned after the transaction: not specified in the provided filing excerpt.
Context This was a tax-withholding sale tied to the vesting of restricted stock units (PRSUs), a routine administrative transaction (not an independent open-market investment decision). Such sales are common when companies automatically sell shares to cover taxes on newly vested awards and should not be read as a direct signal of the insider’s view on the stock.
Insider Transaction Report
- Sale
Class A Common Stock
[F1][F2]2026-03-13$6.27/sh−8,059$50,569→ 150,119 total
Footnotes (2)
- [F1]Represents shares of the issuer's Class A common stock sold to satisfy the reporting person's tax withholding obligations, which were incurred in connection with the vesting of the 2025 PRSU Award, which vesting was separately reported on a Form 4 filed with the U.S. Securities and Exchange Commission on March 12, 2026. In accordance with company policy, shares are automatically sold to cover such obligations.
- [F2]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $6.225 to $6.315 per share, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the U.S. Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.