Archer Aviation (NYSE: ACHR) CAO sells shares to cover tax obligations
Rhea-AI Filing Summary
Archer Aviation Inc.'s Chief Administrative Officer, Tosha Perkins, reported an automatic sale of shares to cover taxes. On the transaction date, 10,949 shares of Class A common stock were sold at a weighted average price of $6.2749 per share, with individual sale prices ranging from $6.225 to $6.315.
The footnotes explain that these shares were sold to satisfy tax withholding obligations arising from the vesting of a 2025 performance-based restricted stock unit (PRSU) award, in line with company policy under which shares are automatically sold to cover such obligations. Following this sale, Perkins directly owned 384,768 shares of Archer Aviation’s Class A common stock, indicating she retained a substantial equity position after the tax-related disposition.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 10,949 | $6.2749 | $69K |
Footnotes (1)
- Represents shares of the issuer's Class A common stock sold to satisfy the reporting person's tax withholding obligations, which were incurred in connection with the vesting of the 2025 PRSU Award, which vesting was separately reported on a Form 4 filed with the U.S. Securities and Exchange Commission on March 12, 2026. In accordance with company policy, shares are automatically sold to cover such obligations. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $6.225 to $6.315 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.