Harsh Rungta, Chief Accounting Officer at Archer Aviation Inc. (NASDAQ:ACHR), sold 12,414 shares of Class A Common Stock on May 18, 2026, for approximately $73,896. The shares were sold at a weighted average price of $5.9527, with individual sales ranging from $5.87 to $6.13 per share.
This transaction was made to satisfy tax withholding obligations related to the vesting of restricted stock units. The sale comes as ACHR trades at $5.91, down 21% year-to-date and 48% over the past year.
Prior to the sale, on May 15, 2026, Mr. Rungta acquired 34,166 shares upon vesting of restricted stock units at no cost, with 21,754 shares from one award and 12,412 from another.
Following these transactions, Mr. Rungta directly holds 87,210 shares and 136,537 restricted stock units.
In other recent news, Archer Aviation reported Q1 2026 earnings, beating analyst expectations with an EPS of -$0.28 (vs. -$0.30 expected) and revenue of $1.6 million (vs. $1.54 million expected). Despite this, the stock declined in after-hours trading.
