Summary by Moomoo AI
Thomas Paul Muniz, the Chief Operating Officer of Archer Aviation Inc., engaged in a series of stock transactions involving the company's Class A Common Stock. On March 1, 2024, Muniz acquired 17,993 shares at no cost, an action described as the exercise or conversion of a derivative security. Subsequently, on March 5, 2024, he disposed of 10,407 shares at a price of $4.2233 per share, which was part of a transaction to cover exercise prices or tax liabilities by delivering or withholding securities. After these transactions, Muniz's direct holdings in Archer Aviation amounted to 1,187,830 shares. The transactions are reported to be in progress as of the latest filing.