Archer Aviation Insiders Sell Shares Post-Vesting, Primarily for Tax Obligations
Archer Aviation Inc. (ACHR) insiders have offloaded shares following the vesting of restricted stock units, according to recent SEC filings. Transactions occurred between August 15 and August 18, with most sales attributed to tax-related obligations rather than discretionary decisions.
Chief People and Partnerships Officer Tosha Perkins sold 42,775 shares for approximately $420,000, retaining nearly 295,000 shares. Interim CFO Priya Gupta disposed of 10,224 shares worth about $100,000, maintaining a holding of around 147,000 shares. Chief Legal and Strategy Officer Eric Lentell reduced his position by 48,936 shares ($480,000), leaving him with roughly 47,500 shares—a notable decrease following a larger sale in June.
CTO Thomas Paul Muniz executed the most significant transaction, selling 86,133 shares for $847,000 while preserving a substantial stake of 1.3 million shares—the largest insider holding at the eVTOL company.