Archer (ACHR) Interim CFO Priya Gupta Sells Shares After Exercising Awards

What Happened

• Priya Gupta, Interim Chief Financial Officer of Archer Aviation (ACHR), converted/ exercised derivative awards into common stock on Aug 15, 2026 and then sold 10,015 shares in an open‑market transaction on Aug 17, 2026. The sale generated $64,224 (weighted average price $6.41 per share).
• The Aug 15 conversion entries show 3,583, 6,524 and 10,291 share conversions (total 20,398 shares) reported as acquired at $0.00 (i.e., conversion/vesting of awards rather than a cash purchase). On Aug 17, 10,015 of those shares were disposed of at a weighted average price of $6.41.

Key Details

• Transaction dates and prices:
  • Aug 15, 2026: conversion/exercise of derivative awards into shares (3,583; 6,524; 10,291 shares) reported at $0.00.
  • Aug 17, 2026: open‑market sale of 10,015 shares for total proceeds $64,224; weighted avg price $6.41 (sales occurred in multiple trades between $6.32 and $6.485 per share).
• Shares retained after transactions: the filing shows 20,398 shares converted and 10,015 sold; the filing excerpt does not explicitly state total beneficial ownership following these transactions.
• Notable footnotes:
  • F2: The 10,015 shares sold were to satisfy tax withholding obligations related to RSU vesting.
  • F3: Weighted average sale price; sales occurred across prices from $6.32 to $6.485 per share.
  • F4–F8: The converted awards are restricted stock units (RSUs) that vest according to specified quarterly schedules and do not expire prior to vesting.
  • F1: The filing also references 3,351 ESPP shares acquired in exempt transactions under the company plan.
• Filing: Form 4 filed Aug 18, 2026 reporting the Aug 15 and Aug 17 transactions; the filing does not flag a late filing.

Context

• These transactions appear to be a routine conversion of RSUs/derivative awards into shares followed by a partial sale to cover tax withholding (common practice when RSUs vest). The conversion entries at $0.00 indicate no cash exercise price; the sale was limited in size and labeled as tax withholding rather than an opportunistic open‑market liquidation.
• For retail investors, purchases or conversions (acquiring shares) can be more informative than routine tax‑related sales. This filing shows significant vesting/conversion activity but only a modest cash sale for tax purposes.