Adam D. Goldstein - Jun 24, 2022 Form 4 Insider Report for Archer Aviation Inc. (ACHR)

Role: Chief Executive Officer, Director, 10%+ Owner
Signature: /s/ Andy Missan, Attorney-in-fact for Adam Goldstein
Stock symbol: ACHR
Transactions as of: Jun 24, 2022
Transactions value $: -$11,022,480
Form type: 4
Date filed: 6/28/2022, 05:58 PM
Previous filing: Sep 27, 2021
Next filing: Jan 17, 2023

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		+2.7M			2.7M	Jun 24, 2022	Direct	F1
transaction	ACHR	Class A Common Stock	Sale	-$11M	-2.7M	-100%	$4.08	0	Jun 24, 2022	Direct	F2, F3
holding	ACHR	Class A Common Stock						100K	Jun 24, 2022	By Capri Growth LLC	F4

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	$0	-2.7M	-29.47%	$0.00	6.46M	Jun 24, 2022	Class A Common Stock	2.7M		Direct	F1, F5
holding	ACHR	Class B Common Stock						27.8M	Jun 24, 2022	Class A Common Stock	27.8M		By Capri Growth LLC	F1, F4, F5

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Each share of the Class B Common Stock of Archer Aviation Inc. (the "Issuer") is convertible into one share of the Issuer's Class A Common Stock at any time, at the election of the holder or automatically upon certain transfers, whether or not for value.
F2	This transaction was effected solely for the purpose of offsetting certain tax liabilities and other related costs incurred by the reporting person in connection with the previous settlement of 5,002,306 performance-based restricted stock units pursuant to the award (the "Founder Grant") granted to the reporting person immediately prior to the closing of the Issuer's business combination in September 2021. Mr. Goldstein does not currently intend to make future sales other than as may be necessary to cover future tax liability in connection with any future vesting of the remaining tranches of his Founder Grant. Following the sale, Mr. Goldstein still maintains beneficial ownership of an aggregate 34,317,931 million shares, representing approximately 40.4% of the voting power of the Issuer's common stock outstanding. This transaction was a broker-assisted sale, with the prior approval of the Issuer's Board of Directors.
F3	The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $3.97 to $4.285, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the U.S. Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.
F4	The shares are directly held by Capri Growth LLC, of which the reporting person is the sole managing member.
F5	A holder's shares of the Issuer's Class B Common Stock convert automatically upon certain transfers. As a founder of the Issuer, the reporting person's shares will also convert automatically into Class A Common Stock upon the occurrence of certain events described in the Issuer's Amended and Restated Certificate of Incorporation.