Thomas Paul Muniz - Mar 1, 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
Stock symbol
ACHR
Transactions as of
Mar 1, 2023
Transactions value $
-$17,485
Form type
4
Date filed
3/3/2023, 03:36 PM
Previous filing
Nov 23, 2022
Next filing
May 3, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ACHR Class A Common Stock Options Exercise $0 +18K +1.13% $0.00 1.61M Mar 1, 2023 Direct
transaction ACHR Class A Common Stock Tax liability -$17.5K -5.93K -0.37% $2.95 1.61M Mar 1, 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 -18K -12.5% $0.00 126K Mar 1, 2023 Class A Common Stock 18K 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.