Form 4: Archer Aviation Executive Thomas Paul Muniz Reports Stock Transactions
SEC Form 4
Thomas Paul Muniz, Chief Technology Officer of Archer Aviation, reports the acquisition and disposal of Class A Common Stock and Restricted Stock Units.
Summary
- Thomas Paul Muniz, the Chief Technology Officer of Archer Aviation Inc., filed a Form 4 detailing changes in beneficial ownership.
- On May 15, 2024, Muniz acquired 17,994, 575,000, and 8,946 shares of Class A Common Stock at $0 per share through the vesting of restricted stock units.
- On May 17, 2024, Muniz disposed of 343,545 shares of Class A Common Stock at a weighted average price of $3.6588 to cover tax liabilities.
- Following these transactions, Muniz beneficially owns 1,446,225 shares of Class A Common Stock.
- Muniz also reports holding 35,987, 1,725,000, and 134,184 Restricted Stock Units after the reported transactions.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by an executive. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency to investors regarding the transactions of company insiders.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive stock transactions.
- The sale of shares to cover tax liabilities may have a minor impact on the stock's trading volume.
Key Dates
| Date | Description |
|---|---|
| November 15, 2022 | Initial vesting date for 1/3 of a restricted stock unit award. |
| March 1, 2024 | Quarterly vesting date for restricted stock units. |
| May 15, 2024 | Date of stock acquisition through vesting of restricted stock units and quarterly vesting date for restricted stock units. |
| May 17, 2024 | Date of stock disposal to cover tax liabilities. |
| August 15, 2024 | Quarterly vesting date for restricted stock units. |
| November 15, 2024 | Quarterly vesting date for restricted stock units. |
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