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Archer Aviation(ACHR.US) Director Sells US$4.7 Million in Common Stock

Moomoo News ·  10:26

$Archer Aviation (ACHR.US)$ Director Spellacy Michael sold 470K shares of common stock on Dec 18, 2024 at an average price of $10 for a total value of $4.7 million.

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What is statement of changes in beneficial ownership of securities?

It is a requirement under federal securities laws that mandates individuals, including officers, directors, and those who hold more than 10% of any class of a company's securities (collectively known as "insiders"), to report their purchases, sales, and holdings of their company's securities by submitting Forms 3, 4, and 5.

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