Michael Spellacy - 16 Sep 2022 Form 4 Insider Report for Archer Aviation Inc. (ACHR)

Role: Director
Signature: /s/ Andy Missan, Attorney-in-fact for Michael Spellacy
Issuer symbol: ACHR
Transactions as of: 16 Sep 2022
Net transactions value: $0
Form type: 4
Filing time: 20 Sep 2022, 16:29:54 UTC
Previous filing: 14 Jun 2022
Next filing: 11 Jan 2023
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	Options Exercise	$0	+33,389	+37%	$0.000000	123,389	16 Sep 2022	Direct
holding	ACHR	Class A Common Stock						1,694,906	16 Sep 2022	Achill Holdings LLC	F1

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	Options Exercise	$0	-33,389	-100%	$0.000000^*	0	16 Sep 2022	Class A Common Stock	33,389		Direct	F2, F3, F4

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

Explanation of Responses:

Id	Content
F1	The reporting person owns the securities indirectly through Achill Holdings LLC, of which he is the sole managing member.
F2	Each restricted stock unit represents the right to receive one share of the Issuer's Class A Common Stock, subject to the reporting person's continued service to the Issuer on the vesting date.
F3	The entire award vests on September 16, 2022.
F4	These restricted stock units do not expire. They either vest or are canceled should the reporting person cease to provide services to the Issuer prior to the vesting date.