Archer Aviation Chief Legal Officer Sells Shares Worth Approximately $50,000
Archer Aviation's Chief Legal Officer, Andrew C. Lentell, has completed a sale of company stock. The transaction involved 15,000 shares of common stock, yielding total proceeds of approximately $50,550. The shares were sold at an average price of $3.37 each. This sale was conducted under a pre-arranged Rule 10b5-1 trading plan, which Lentell had adopted in December 2023. Following the transaction, the executive continues to hold a significant stake in the electric aircraft development company.
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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