Atlas Crest Investment LLC - 16 Sep 2021 Form 4 Insider Report for Archer Aviation Inc. (ACHR)

Role
10%+ Owner
Signature
/s/ By: Kenneth Moelis, as Managing Member
Issuer symbol
ACHR
Transactions as of
16 Sep 2021
Net transactions value
$0
Form type
4
Filing time
20 Sep 2021, 21:30:31 UTC
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ACHR Class A Common Stock Conversion of derivative security $0 +12,500,000 $0.000000 12,500,000 16 Sep 2021 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction ACHR Class B Common Stock Conversion of derivative security -12,500,000 -100% 0 16 Sep 2021 Class A Common Stock 12,500,000 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Atlas Crest Investment LLC is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 As a result of the issuer's initial business combination on September 16, 2021, the shares of Class B common stock automatically converted into shares of Class A common stock on a one for one basis, and the reporting person ceased to be a beneficial owner of more than 10% of the issuer's Class A common stock.