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Archer Aviation (NYSE: ACHR) officer sells 100K shares in 10b5-1 plan
Archer Aviation’s Chief Legal & Strategy Officer, Eric Lentell, sold 100,000 shares of Class A Common Stock under a pre-arranged Rule 10b5-1 trading plan. The sales, totaling approximately $533,000, were executed to cover tax liabilities from a previous restricted stock unit settlement. Following these transactions, Lentell directly holds 50,119 shares and restricted stock units representing rights to an additional 548,955 shares.