Gupta Priya 4
Research Summary
AI-generated summary
Archer (ACHR) Interim CFO Priya Gupta Sells 10,172 Shares
What Happened
Priya Gupta, Interim Chief Financial Officer of Archer Aviation (ACHR), reported a sale of 10,172 shares of Archer Class A common stock on March 5, 2026. The reported weighted-average price was $6.46 per share, for total proceeds of approximately $65,721. The sale was executed to satisfy tax-withholding obligations related to the vesting of restricted stock units (RSUs).
Key Details
- Transaction date: March 5, 2026; Form 4 filed March 9, 2026 (filed timely).
- Sale type/code: S (sale); weighted-average price $6.46; per-share prices in the sale ranged from $6.315 to $6.775.
- Reason: Shares sold to cover tax withholding on RSU vesting (see footnote F1).
- Ownership after transaction: Not specified in the details provided here (see the filed Form 4 for the reporting person's post-transaction holdings).
- Additional notes: Footnote F2 notes the price is a weighted average and the reporter can provide breakdowns on request; footnote F3 corrects prior reports to add five shares acquired via the employee stock purchase plan (exempt transactions previously omitted).
Context
This sale was a tax-withholding disposition following RSU vesting—routine administrative transactions like this are common and do not necessarily indicate a change in the insider's view of the company. For investors, purchases typically carry more weight as signals; this reported sale appears procedural.