Michael Spellacy - Jun 10, 2022 Form 4 Insider Report for Archer Aviation Inc. (ACHR)

Role
Director
Signature
/s/ Andy Missan, Attorney-in-Fact for Michael Spellacy
Stock symbol
ACHR
Transactions as of
Jun 10, 2022
Transactions value $
$0
Form type
4
Date filed
6/14/2022, 06:28 PM
Previous filing
Dec 10, 2021
Next filing
Sep 20, 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 +48.7K $0.00 48.7K Jun 10, 2022 Class A Common Stock 48.7K Direct F1, F2, F3, F4
* 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 service to the Issuer as of the applicable vesting date.
F2 This award represents a total grant value of $200,000 divided by the Issuer's closing stock price on June 10, 2022 for its Class A Common Stock, rounded to the nearest whole share, as calculated in accordance with the Issuer's Non-Employee Director Compensation Policy as adopted by the Compensation Committee of the Issuer's Board of Directors.
F3 The entire award will vest on the earlier of the: (i) one year anniversary of the grant date or (ii) date of the Issuer's 2023 annual stockholders' meeting.
F4 These restricted stock units do not expire; they either vest or are cancelled prior to the vesting date.