Thomas Paul Muniz - 01 Mar 2023 Form 4 Insider Report for Archer Aviation Inc. (ACHR)

Role: Chief Operating Officer
Signature: /s/ Andy Missan, Attorney-in-Fact for Thomas P. Muniz
Issuer symbol: ACHR
Transactions as of: 01 Mar 2023
Net transactions value: -$17,485
Form type: 4
Filing time: 03 Mar 2023, 15:36:00 UTC
Previous filing: 23 Nov 2022
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	+17,993	+1.1%	$0.000000	1,614,489	01 Mar 2023	Direct
transaction	ACHR	Class A Common Stock	Tax liability	$17,485	-5,927	-0.37%	$2.95	1,608,562	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	-17,993	-12%	$0.000000	125,955	01 Mar 2023	Class A Common Stock	17,993		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) 1/3 of the total award on November 15, 2022; and (ii) 1/12 of the total award quarterly thereafter on each March 1st, May 15th, August 15th, and November 15th.
F4	These restricted stock units do not expire; they either vest or are cancelled prior to the vesting date.