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Archer Aviation | 3: Initial statement of beneficial ownership of securities-Officer Lentell Eric

SEC announcement ·  Apr 6 04:24
Summary by Futu AI
Eric Lentell, the General Counsel and Secretary of Archer Aviation Inc., filed an Initial Statement of Beneficial Ownership of Securities with the SEC on March 28, 2024. The Form 3 filing, submitted on April 5, 2024, disclosed Lentell's direct ownership of various tranches of Restricted Stock Units (RSUs) in the company. These RSUs are set to vest on a quarterly basis, with some having vested in the past and others scheduled to vest in the future. The filing detailed the vesting schedule of the RSUs, which do not expire but may be cancelled if not vested by the predetermined dates. The report is a routine disclosure required by the SEC for insiders of publicly traded companies, providing transparency into the ownership stakes of key company officials.
Eric Lentell, the General Counsel and Secretary of Archer Aviation Inc., filed an Initial Statement of Beneficial Ownership of Securities with the SEC on March 28, 2024. The Form 3 filing, submitted on April 5, 2024, disclosed Lentell's direct ownership of various tranches of Restricted Stock Units (RSUs) in the company. These RSUs are set to vest on a quarterly basis, with some having vested in the past and others scheduled to vest in the future. The filing detailed the vesting schedule of the RSUs, which do not expire but may be cancelled if not vested by the predetermined dates. The report is a routine disclosure required by the SEC for insiders of publicly traded companies, providing transparency into the ownership stakes of key company officials.
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