Archer Aviation’s general counsel sells $351,793 in stock

Eric Lentell, General Counsel and Secretary of Archer Aviation Inc. (NYSE:ACHR), recently sold a portion of his holdings in the company. According to a Form 4 filing with the Securities and Exchange Commission, Lentell sold 50,004 shares of Archer’s Class A Common Stock on March 31, 2025, at an average price of approximately $7.0353 per share. The total value of the sale amounted to $351,793. The transaction comes as Archer’s stock, currently trading at $6.96, has experienced significant volatility, with a -14.39% decline over the past week and -28.62% year-to-date, according to InvestingPro data.

The sale was made to satisfy tax withholding obligations related to the vesting of restricted stock units, as per company policy. Following this transaction, Lentell retains ownership of 45,416 shares in the company. InvestingPro analysis shows the stock typically trades with high price volatility, with 12 additional key insights available to subscribers.

Additionally, on March 28, 2025, Lentell acquired 95,420 shares of Class A Common Stock through the vesting of performance-based restricted stock units, though this transaction did not involve any cash exchange. These units were part of a performance award granted in 2024, with the company’s compensation committee certifying the achievement of performance criteria at a maximum level. With a market capitalization of $922.2 million, Archer maintains strong liquidity, as indicated by its current ratio of 12.07.

In other recent news, Archer Aviation Inc. has entered into a significant $30 million agreement with Ethiopian Airlines to deploy its all-electric Midnight aircraft for air taxi services in Ethiopia. This partnership is part of Archer’s Launch Edition program, aiming to advance urban air mobility in early adopter markets. Additionally, Archer has partnered with Palantir Technologies (NASDAQ:PLTR) to develop artificial intelligence for advanced aviation technologies, focusing on enhancing aircraft manufacturing capabilities and creating software for critical aviation systems. Cantor Fitzgerald has maintained its Overweight rating and $13.00 price target for Archer Aviation, citing key partnerships with companies like Anduril, United Airlines, and Stellantis (NYSE:STLA) as pivotal to its commercialization efforts. Benchmark analysts also reiterated their Buy rating with a $12.00 price target, highlighting the progress of Archer’s Midnight eVTOL aircraft in its FAA certification process. Archer plans to deliver the first Midnight eVTOL to the UAE’s federal regulator later this year, with international aviation authorities potentially permitting commercial operations using FAA-submitted data. The company is also set to construct 10 Midnight aircraft in fiscal year 2025 for certification and early adopter needs. These developments underscore Archer’s strategic moves in expanding its market presence and advancing its aviation technology.

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