Mark Mesler - 01 Mar 2023 Form 4 Insider Report for Archer Aviation Inc. (ACHR)

Role: Chief Financial Officer
Signature: /s/ Andy Missan, Attorney-in-Fact for Mark Mesler
Issuer symbol: ACHR
Transactions as of: 01 Mar 2023
Net transactions value: -$345,032
Form type: 4
Filing time: 03 Mar 2023, 15:29:48 UTC
Previous filing: 17 Jan 2023
Next filing: 03 May 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	+331,356	+1657%	$0.000000	351,356	01 Mar 2023	Direct
transaction	ACHR	Class A Common Stock	Tax liability	$345,032	-116,960	-33%	$2.95	234,396	01 Mar 2023	Direct	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	-331,356	-25%	$0.000000	994,071	01 Mar 2023	Class A Common Stock	331,356		Direct	F2, F3, F4

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

Explanation of Responses:

Id	Content
F1	Shares were withheld by the issuer in satisfaction of the reporting person's tax liabilities in connection with the vesting of restricted stock units, based on the issuer's closing stock price on February 28, 2023.
F2	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.
F3	The award vested or vests as to: (i) 1/4 of the total award on March 1, 2023; and (ii) 1/16 of the total award quarterly thereafter on each of May 15th, August 15th, November 15th, and March 1st.
F4	These restricted stock units do not expire; they either vest or are cancelled prior to the vesting date.