Andy Missan - Mar 1, 2024 Form 4 Insider Report for Archer Aviation Inc. (ACHR)

Role
CHIEF LEGAL OFF. & SECRETARY
Signature
/s/ Andy Missan, Attorney-in-Fact for Mark Mesler
Stock symbol
ACHR
Transactions as of
Mar 1, 2024
Transactions value $
-$138,203
Form type
4
Date filed
3/5/2024, 08:12 PM
Previous filing
Nov 17, 2023
Next filing
Mar 29, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ACHR Class A Common Stock Options Exercise $0 +62.5K +22.2% $0.00 344K Mar 1, 2024 Direct
transaction ACHR Class A Common Stock Options Exercise $0 +22.6K +6.58% $0.00 367K Mar 1, 2024 Direct
transaction ACHR Class A Common Stock Tax liability -$138K -32.7K -8.92% $4.22 334K Mar 5, 2024 Direct F1, F2

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 -62.5K -14.29% $0.00 375K Mar 1, 2024 Class A Common Stock 62.5K Direct F3, F4, F5
transaction ACHR Restricted Stock Units Options Exercise $0 -22.6K -7.69% $0.00 271K Mar 1, 2024 Class A Common Stock 22.6K Direct F3, F5, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

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 $4.105 to $4.435, 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 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.
F4 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.
F5 These restricted stock units do not expire; they either vest or are cancelled prior to the vesting date.
F6 The award vested or vests as to: (i) 1/4 of the total award on May 15, 2023; and (ii) 1/16 of the total award quarterly thereafter on each of August 15th, November 15th, March 1st and May 15th.