Rungta Harsh 4
4 · Archer Aviation Inc. · Filed Mar 9, 2026
Research Summary
AI-generated summary of this filing
Archer (ACHR) CAO Rungta Harsh Sells 22,826 Shares
What Happened
Rungta Harsh, Chief Accounting Officer of Archer Aviation (ACHR), sold 22,826 shares of Class A common stock on March 5, 2026, for total proceeds of approximately $147,479. The reported weighted-average sale price was $6.46 per share (individual sale prices ranged from $6.315 to $6.775). According to the filing, the shares were sold to satisfy tax withholding obligations related to the vesting of restricted stock units.
Key Details
- Transaction date: March 5, 2026; Form 4 filed March 9, 2026 (timely filing).
- Sale: 22,826 shares disposed; weighted-average price $6.46; price range $6.315–$6.775 (multiple trades).
- Proceeds: ~$147,479.
- Shares owned after transaction: not disclosed in the provided filing excerpt.
- Footnotes of note:
- F1: Sale made to satisfy tax withholding from RSU vesting (vesting separately reported on Form 4 filed March 3, 2026).
- F2: Price is a weighted average; reporting person can provide per-trade price breakdown on request.
- F3: Total reported includes 2,569 shares acquired under the issuer’s employee stock purchase plan (exempt transactions).
- Filing timeliness: Filed March 9, 2026 — within the two-business-day Form 4 deadline for a March 5 transaction.
Context
This was a sale to cover tax withholding tied to RSU vesting (a common administrative transaction), not necessarily an indication of a change in sentiment. Footnote F3 indicates some reported shares came from the employee stock purchase plan and are treated as exempt transactions under Section 16 rules.
Insider Transaction Report
- Sale
Class A Common Stock
[F1][F2][F3]2026-03-05$6.46/sh−22,826$147,479→ 65,458 total
Footnotes (3)
- [F1]Represents shares of Class A Common Stock sold to satisfy tax withholding obligations incurred in connection with the vesting of restricted stock units, which vesting was separately reported on a Form 4 filed with the U.S. Securities and Exchange Commission on March 3, 2026.
- [F2]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $6.315 to $6.775 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 range set forth in this footnote.
- [F3]The reported total includes 2,569 shares of Class A Common Stock acquired by the reporting person in one or more transactions with the issuer pursuant to its employee stock purchase plan, which transactions are exempt pursuant to Rules 16a3(f)(1)(i)(B) and 16b3(c).