Archer Aviation Chief Legal Officer Sells $50,000 in Company Stock
Archer Aviation's Chief Legal Officer, Lentell, has sold a portion of their holdings in the company. The transaction involved the sale of 14,000 shares, generating approximately $50,000. These shares were sold at a weighted average price of $3.57. This sale was conducted under a pre-arranged Rule 10b5-1 trading plan, which allows insiders to set up a trading schedule in advance. Following the transaction, Lentell continues to hold a substantial stake of 280,000 shares in the eVTOL developer.
Official Source: https://www.investing.com/news/insider-trading-news/archer-aviation-chief-legal-officer-lentell-sells-50k-in-stock-93CH-4564369
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