Ben Lu - Dec 8, 2021 Form 4 Insider Report for Archer Aviation Inc. (ACHR)

Role
Chief Financial Officer
Signature
/s/ Andy Missan, Attorney-in-Fact for Ben Lu
Stock symbol
ACHR
Transactions as of
Dec 8, 2021
Transactions value $
$0
Form type
4
Date filed
12/10/2021, 08:04 PM
Previous filing
Sep 20, 2021
Next filing
Sep 23, 2022

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 Restricted Stock Units Award $0 +600K $0.00 600K Dec 8, 2021 Class A Common Stock 600K Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit represents a contingent right to receive one share of the issuer's Class A Common Stock, subject to the reporting person's continued status as a service provider to the issuer.
F2 The award vests as to: (i) 1/3 of the total award on August 15, 2022; and (ii) 1/12 of the total award quarterly thereafter on each November 15th, March 1st, May 15th, and August 15th.
F3 These restricted stock units do not expire; they either vest or are cancelled prior to the vesting date.