Archer (ACHR) Chief Legal & Strategy Officer Eric Lentell Sells 52,762 Shares

What Happened

• Eric Lentell, Chief Legal & Strategy Officer of Archer Aviation (ACHR), had restricted stock units convert/vest into 100,443 shares on 2026-08-15 (derivative conversions/exercises, code M) and on 2026-08-17 sold 52,762 shares in an open-market transaction (code S) for a weighted-average price of $6.41, generating proceeds of approximately $338,352.
• Many of the shares from the August 15 vesting were immediately "disposed" at $0 to satisfy tax-withholding obligations (footnote F1). The filing shows the conversions as acquisitions at $0 because they were RSU vesting events, not cash purchases.

Key Details

• Transaction dates & prices:
  • 2026-08-15: Conversion/exercise of derivatives (RSU vesting) totaling 100,443 shares @ $0.00 (acquired; portions shown as disposed to satisfy tax withholding).
  • 2026-08-17: Open-market sale of 52,762 shares @ weighted avg $6.41; total proceeds ≈ $338,352. Footnote F2 notes sale prices ranged $6.32–$6.485.
• Shares owned after the transactions: Not specified in the provided filing excerpt.
• Notable footnotes:
  • F1: Shares were sold to satisfy tax withholding on vesting.
  • F2: Weighted average sale price; multiple trade prices within $6.32–$6.485.
  • F3–F10: Describe that these were restricted stock units (RSUs) that vest quarterly per the schedules in the footnotes and are contingent on continued service.
• Filing timeliness: Report filed 2026-08-18 for transactions dated 2026-08-15 and 2026-08-17; the filing does not state that it was late.

Context

• The zero-dollar "acquisitions" are conversions of RSUs into shares (a common non-cash event for executives), not purchases — and some of those vested shares were withheld/sold to cover tax obligations (a routine practice).
• The separate open-market sale of 52,762 shares produced cash proceeds and is typically a routine disposition; such sales do not necessarily indicate management sentiment about the company’s prospects.