Brett Adcock - 14 Apr 2022 Form 4 Insider Report for Archer Aviation Inc. (ACHR)

Role
Director, 10%+ Owner
Signature
/s/ Andy Missan, Attorney-in-Fact for Brett Adcock
Issuer symbol
ACHR
Transactions as of
14 Apr 2022
Net transactions value
$0
Form type
4
Filing time
19 Apr 2022, 16:23:50 UTC
Previous filing
27 Sep 2021
Next filing
01 Aug 2022
SEC
View on sec.gov

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 Disposed to Issuer $0 -5,002,306 -55% $0.000000 4,159,347 14 Apr 2022 Class A Common Stock 5,002,306 Direct F1, F2
holding ACHR Class B Common Stock 27,756,278 14 Apr 2022 Class A Common Stock 27,756,278 See footnote F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each share of the Issuer's Class B common stock is convertible into one share of the Issuer's Class A common stock at any time and will convert automatically upon certain transfers, whether or not for value, or upon the earliest to occur of: (i) September 16, 2031; (ii) the date specified in writing by the holders of two-thirds of the then outstanding shares of Class B common stock; and (iii) the date as of which the number of outstanding shares of Class B common stock represents less than 10.0% of the aggregate number of shares of Class B common stock and Class A common stock oustanding.
F2 Represents the forfeiture of performance-based restricted stock units which vested on September 16, 2021, but for which settlement was deferred pursuant to Mr. Adcock's award agreement with the Issuer.
F3 The shares are held by Hight Drive Growth LLC. Mr. Adcock is the sole managing member of Hight Drive Growth LLC.