| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | ACHR | Class A Common Stock | Options Exercise | $0 | +100K | $0.00 | 100K | Sep 22, 2022 | Direct | F1 | |
| transaction | ACHR | Class A Common Stock | Tax liability | -$104K | -37.8K | -37.76% | $2.75 | 62.2K | Sep 23, 2022 | Direct | F2, F3 |
| transaction | ACHR | Class A Common Stock | Sale | -$176K | -62.2K | -100% | $2.82 | 0 | Sep 26, 2022 | Direct | F4, F5 |
| 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 | +100K | +100% | $0.00 | 200K | Sep 22, 2022 | Class A Common Stock | 100K | Direct | F1, F6, F7, F8, F9 |
| Id | Content |
|---|---|
| F1 | No consideration was paid by the reporting person to the issuer for the vested shares. However, settlement of the restricted stock units for shares was deferred, pursuant to the award agreement between the issuer and the reporting person, until the date on which an issuer-mandated sale of shares may be executed to cover the reporting person's tax obligations in respect of the vesting event. |
| F2 | Represents shares sold in satisfaction of the reporting person's tax liability arising as a result of the settlement of restricted stock units. |
| F3 | The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $2.7015 to $2.85, inclusive. The reporting person undertakes to provide to Archer Aviation Inc., any security holder of Archer Aviation Inc., or the staff of the U.S. Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in footnotes 3 and 5 of this Form 4. |
| F4 | This transaction was entered into pursuant to a Rule 10b5-1 plan adopted by the reporting person on June 13, 2022. |
| F5 | The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $2.715 to $2.905, inclusive. |
| F6 | 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. |
| F7 | The reported transaction represents the settlement of restricted stock units which vested on August 15, 2022 but for which settlement was deferred, pursuant to the award agreement between the issuer and the reporting person, until the date on which an issuer-mandated sale of shares may be executed to cover the reporting person's tax obligations in respect of the vesting event. |
| F8 | 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. |
| F9 | These restricted stock units do not expire; they either vest or are cancelled prior to the vesting date. |