Lentell Eric

Insider trading profile for Lentell Eric at Archer Aviation (ACHR, 109 tx, May 2024-Jun 2026): EXCLUSIVELY A-code (award), M-code (vest), and S-code (sell). No P-code open-market buys anywhere in the dataset. Grant/vesting structure: Mar 2026: three M-code batches = 50,420 shares (15,436+5,342+6,593); Apr 2026 A-code 78,659; May 2026 six-M-code = 100,461 shares, paired with S-code 39,967 at $6.06 (May 15). Additional sells: Mar 2026 50K at $5.30-5.36, Mar 5 37K at $6.46, Mar 13 8K at $6.27, May 18 48K at $5.95, Jun 11 3.8K at $5.00. Cumulative 827K sold across ACRH's $5-6 range. ACHR is pre-revenue eVTOL post-SPAC, trading through a capital-raise cycle. The insider holds through the lockup, vests RSUs, and immediately monetizes with no retain. KEY SIGNAL: Pure liquidation pattern with zero reinvesting at any price point indicates no conviction that the company will outperform. Classification: bearish -- trendline is purely monetizing equity compensation rather than building net exposure; unusual for a VP-level role at a company actively developing product to zero-buy.