Archer Aviation Inc.
No SEC Form 4 filings for $ACHR in the last 30 days.
Archer Aviation (NYSE: ACHR) said the FAA has agreed to its Means of Compliance and specific test plans for its eVTOL Midnight, completing the third phase of four in Type Certification. The company must finish the final phase with formal testing/analysis, then the FAA will issue Type Inspection Authorization for government test pilots. Archer expects full certification in 2027–2028.
The article discusses how Archer Aviation (ACHR) stock has gained institutional confidence with BlackRock disclosing a 6.9% stake, despite ongoing concerns about the company's cash burn. This investor interest suggests a belief in Archer's long-term potential, even as it navigates significant operational costs.
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.
