Archer Aviation (NYSE: ACHR) officer sells 100K shares in 10b5-1 plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Archer Aviation Inc. Chief Legal & Strategy Officer Eric Lentell sold a total of 100,000 shares of Class A Common Stock in open-market transactions at prices of $5.30 and $5.36 per share. These sales were executed under a pre-arranged Rule 10b5-1 trading plan and were described as offsetting certain tax liabilities and related costs from a previous restricted stock unit settlement. Following the transactions, Lentell directly held 50,119 shares and restricted stock units representing contingent rights to receive up to 548,955 additional shares, subject to service-based vesting.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 100,000 shares ($533,000)
Net Sell
2 txns
Insider
Lentell Eric
Role
Chief Legal & Strategy Officer
Sold
100,000 shs ($533K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 50,000 | $5.30 | $265K |
| Sale | Class A Common Stock | 50,000 | $5.36 | $268K |
Holdings After Transaction:
Class A Common Stock — 50,119 shares (Direct)
Footnotes (1)
- The transaction was executed pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on September 3, 2025, as amended on December 23, 2025. This transaction was effected to offset certain tax liabilities and other related costs incurred by the reporting person in connection with the previous settlement of restricted stock units. Following the reported transaction, in addition to the 50,119 shares of Class A Common Stock beneficially owned by the Reporting Person, the Reporting Person held restricted stock units representing contingent rights to receive up to an aggregate 548,955 shares of the Issuer's Class A Common Stock, which restricted stock units are subject to service-based vesting schedules and vest according to their respective terms.
Key Figures
Shares sold: 100,000 shares
Sale price 1: $5.30 per share
Sale price 2: $5.36 per share
+2 more
5 metrics
Shares sold
100,000 shares
Open-market sales of Class A Common Stock
Sale price 1
$5.30 per share
50,000-share sale on March 27, 2026
Sale price 2
$5.36 per share
50,000-share sale on March 26, 2026
Shares held after
50,119 shares
Direct Class A Common Stock holdings post-transaction
Restricted stock units
548,955 RSUs
Contingent rights to Class A shares, service-based vesting
Key Terms
Rule 10b5-1 trading plan, restricted stock units, service-based vesting schedules, open-market sale
4 terms
Rule 10b5-1 trading plan regulatory
"The transaction was executed pursuant to a Rule 10b5-1 trading plan adopted by the reporting person"
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
restricted stock units financial
"previous settlement of restricted stock units"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
service-based vesting schedules financial
"restricted stock units representing contingent rights to receive up to an aggregate 548,955 shares ... subject to service-based vesting schedules"
open-market sale financial
"transaction_action": "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
FAQ
What insider transactions did ACHR officer Eric Lentell report?
Eric Lentell reported selling 100,000 Archer Aviation Class A shares in two open-market transactions. The sales occurred at prices of $5.30 and $5.36 per share and were executed pursuant to a pre-arranged Rule 10b5-1 trading plan.
What is the significance of the Rule 10b5-1 plan in this ACHR Form 4?
The Form 4 notes that the sales were made under a Rule 10b5-1 trading plan adopted and later amended by Eric Lentell. Such plans pre-schedule trades, indicating the transactions were arranged in advance rather than timed opportunistically.