Lentell Eric 4
4 · Archer Aviation Inc. · Filed May 19, 2026
Research Summary
AI-generated summary of this filing
Archer (ACHR) Chief Legal Officer Eric Lentell Sells Shares, Exercises Awards
What Happened
Eric Lentell, Archer Aviation’s Chief Legal & Strategy Officer, reported multiple transactions dated May 15–18, 2026. He sold 39,967 shares on May 15 (weighted avg $6.06) and 48,169 shares on May 18 (weighted avg $5.95) for total cash proceeds of approximately $528,980. On May 15 he also exercised/converted derivatives totaling 100,442 shares (recorded at $0) and was recorded as receiving an award of 87,617 derivative shares (vested/awarded at $0). Several exercised shares were simultaneously recorded as disposed at $0, consistent with immediate conversion/transfer or withholding.
Key Details
- Transaction dates: May 15, 2026 (primary vesting/exercise and first sale); May 18, 2026 (second open‑market sale). Filed with SEC on May 19, 2026. No late‑filing indicator in the provided excerpt.
- Market sales: 39,967 shares @ weighted avg $6.06 (range $6.005–$6.135) = ~$242,244; 48,169 shares @ weighted avg $5.95 (range $5.87–$6.13) = ~$286,736. Total ≈ $528,980.
- Derivative activity: Exercises/conversions recorded for 100,442 shares at $0 and a grant/award of 87,617 RSU‑style derivatives at $0. Many exercised shares are also shown as disposed at $0.
- Tax withholding: Footnotes state some shares were sold or withheld to satisfy tax withholding obligations associated with vesting of restricted/performance RSUs.
- Vesting notes: Several footnotes describe quarterly vesting schedules for the awards (see F10–F12, F6–F9).
- Shares owned after the transactions: Not specified in the supplied excerpt—see the Form 4 for total holdings.
Context
- Exercise/Conversion explanation: The “M” (exercise/conversion) transactions at $0 and matching $0 disposals indicate conversion of vested derivatives (e.g., RSUs/options) with immediate disposition or withholding — effectively a sale‑to‑cover or transfer to satisfy taxes rather than an outright market purchase.
- What it likely means for investors: Sales include routine tax‑withholding and proceeds are modest (~$529k). This filing primarily documents award vesting and related tax withholding plus some open‑market sales; it is not necessarily a signal of a change in insider sentiment.
- For full details (exact holdings, tranche sizes, and vesting schedules), consult the complete Form 4 and attached footnotes.
Insider Transaction Report
Form 4
Lentell Eric
Chief Legal & Strategy Officer
Transactions
- Exercise/Conversion
Class A Common Stock
2026-05-15+7,301→ 136,079 total - Exercise/Conversion
Class A Common Stock
2026-05-15+22,866→ 158,945 total - Exercise/Conversion
Class A Common Stock
2026-05-15+19,796→ 178,741 total - Exercise/Conversion
Class A Common Stock
2026-05-15+8,946→ 187,687 total - Exercise/Conversion
Class A Common Stock
2026-05-15+26,096→ 213,783 total - Exercise/Conversion
Class A Common Stock
2026-05-15+15,437→ 229,220 total - Sale
Class A Common Stock
[F1][F2]2026-05-15$6.06/sh−39,967$242,244→ 189,253 total - Sale
Class A Common Stock
[F3][F4]2026-05-18$5.95/sh−48,169$286,736→ 141,084 total - Award
Restricted Stock Units
[F5][F6][F7]2026-05-15+87,617→ 87,617 total→ Class A Common Stock (87,617 underlying) - Exercise/Conversion
Restricted Stock Units
[F5][F6][F7]2026-05-15−7,301→ 80,316 total→ Class A Common Stock (7,301 underlying) - Exercise/Conversion
Restricted Stock Units
[F5][F8][F7]2026-05-15−22,866→ 22,866 total→ Class A Common Stock (22,866 underlying) - Exercise/Conversion
Restricted Stock Units
[F5][F9][F7]2026-05-15−19,796→ 59,390 total→ Class A Common Stock (19,796 underlying) - Exercise/Conversion
Restricted Stock Units
[F5][F10][F7]2026-05-15−8,946→ 62,618 total→ Class A Common Stock (8,946 underlying) - Exercise/Conversion
Restricted Stock Units
[F5][F11][F7]2026-05-15−26,096→ 156,576 total→ Class A Common Stock (26,096 underlying) - Exercise/Conversion
Restricted Stock Units
[F5][F12][F7]2026-05-15−15,437→ 154,364 total→ Class A Common Stock (15,437 underlying)
Footnotes (12)
- [F1]Represents shares of Class A Common Stock sold to satisfy tax withholding obligations incurred in connection with the vesting of performance restricted stock units, which was separately reported on a Form 4 filed with the U.S. Securities and Exchange Commission on April 22, 2026.
- [F10]The award vested or vests quarterly as to 1/16 of the total award, with the first tranche vested on May 15, 2024, and thereafter on August 15, November 15, March 1, and May 15.
- [F11]The award vested or vests quarterly as to 1/12 of the total award, with the first tranche vested on March 1, 2025, and thereafter on May 15, August 15, November 15, and March 1.
- [F12]The award vested or vests quarterly as to 1/12 of the total award, with the first tranche vested on March 1, 2026, and thereafter on May 15, August 15, November 15, and March 1.
- [F2]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $6.005 to $6.135 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 ranges set forth in this footnote and in footnote 4 of this Form 4.
- [F3]Represents shares of Class A Common Stock sold to satisfy tax withholding obligations incurred in connection with the vesting of restricted stock units.
- [F4]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $5.87 to $6.13 per share, inclusive.
- [F5]Each restricted stock unit represents a contingent right to receive one share of the Issuer's Class A Common Stock, subject to the reporting person's continued status as a service provider to the Issuer.
- [F6]The award shall vest as to 1/12 of the total award beginning on May 15, 2026, and thereafter quarterly on August 15th, November 15th, March 1st, May 15th.
- [F7]These restricted stock units do not expire; they either vest or are cancelled prior to the vesting date.
- [F8]The award vested or vests as to: (i) 1/4 of the total award on August 15, 2023; and (ii) 1/16 of the total award quarterly thereafter on November 15, March 1, May 15, and August 15.
- [F9]The award vested or vests quarterly as to 1/16 of the total award, with the first tranche vested on May 15, 2023, and thereafter on August 15, November 15, March 1, and May 15.
Signature
/s/ Eric Lentell|2026-05-19