Archer Aviation's Chief Strategy Officer Dumped 54% of His Direct Holdings in August
The aerospace company, focused on electric vertical takeoff and landing aircraft, reported a significant insider stock sale.
Overview
Eric Lentell, Chief Strategy Officer at Archer Aviation Inc. (NYSE:ACHR), sold 100,000 shares of Class A Common Stock on August 20, 2026 according to the SEC Form 4 filing.
Transaction value based on SEC Form 4 weighted average sale price ($6.31); post-transaction value based on August 20, 2026 market close ($6.09).
Details
Archer Aviation is a pre-revenue aerospace company focused on developing next-generation urban air mobility solutions through electric vertical takeoff and landing aircraft technology. With a market cap of $4.6 billion and based in the San Jose area, the company is positioned at the forefront of the emerging eVTOL sector.
Source
Originally published at www.fool.com.