Lentell Eric 4

What Happened

• Eric Lentell, Archer Aviation’s Chief Legal & Strategy Officer, sold a total of 100,000 shares of Archer Class A common stock in two open-market transactions: 50,000 shares on 2026-03-26 at $5.36 each (≈ $268,000) and 50,000 shares on 2026-03-27 at $5.30 each (≈ $265,000). These were sales (not purchases) and were executed under a Rule 10b5-1 trading plan. The filings indicate the sales were effected to offset tax liabilities and related costs from a prior settlement of restricted stock units.

Key Details

• Transaction dates and prices:
  • 2026-03-26: 50,000 shares sold at $5.36 — $268,000 (F1, F2)
  • 2026-03-27: 50,000 shares sold at $5.30 — $265,000 (F1, F2)
• Total proceeds: ≈ $533,000.
• Shares owned after transaction: 50,119 shares of Class A common stock; additionally holds restricted stock units potentially convertible into up to 548,955 shares subject to service-based vesting (F3).
• Notable footnotes:
  • F1: Trades executed pursuant to a 10b5-1 plan adopted 2025-09-03 and amended 2025-12-23.
  • F2: Sales were effected to cover tax liabilities and related costs tied to prior RSU settlements.
  • F3: Reporting person retains 50,119 beneficially owned shares plus contingent RSUs for up to 548,955 shares.
• Filing timeliness: Form 4 was filed 2026-03-31 covering trades on 2026-03-26 and 2026-03-27. SEC rules require Form 4 within two business days of the transaction; the 2026-03-26 trade appears to have been reported after that window.

Context

• These were sales, not purchases—sales executed under pre-established 10b5-1 plans are commonly used by insiders to systematically sell shares or satisfy tax obligations and do not necessarily imply a change in company outlook. The filing states the sales were to offset tax liabilities from RSU settlements.