Rungta Harsh 4

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.