| 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 | -62.5K | -12.5% | $0.00 | 438K | Nov 15, 2023 | Class A Common Stock | 62.5K | Direct | F4, F5, F6 | |
| transaction | ACHR | Restricted Stock Units | Options Exercise | $0 | -22.6K | -7.14% | $0.00 | 294K | Nov 15, 2023 | Class A Common Stock | 22.6K | Direct | F4, F6, F7 |
Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.
Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).
| Id | Content |
|---|---|
| F1 | Represents shares sold in satisfaction of the reporting person's tax liability arising as a result of the settlement of restricted stock units. |
| F2 | The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $6.105 to $6.405, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, 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 this footnote. |
| F3 | This transaction was effected pursuant to a Rule 10b5-1 plan adopted by the reporting person on March 20, 2023. |
| F4 | 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. |
| F5 | The award vested or vests as to: (i) 1/4 of the total award on August 15, 2022; and (ii) 1/16 of the total award quarterly thereafter on each November 15th, March 1st, May 15th, and August 15th. |
| F6 | These restricted stock units do not expire; they either vest or are cancelled prior to the vesting date. |
| F7 | This award vested or vests as to 1/16th of the total award quarterly on May 15, 2023 and thereafter on each of August 15th, November 15th, March 1st and May 15th. |