Tosha Perkins - 01 Mar 2024 Form 4 Insider Report for Archer Aviation Inc. (ACHR)

Signature
/s/ Andy Missan, Attorney-in-Fact for Tosha Perkins
Issuer symbol
ACHR
Transactions as of
01 Mar 2024
Net transactions value
-$188,697
Form type
4
Filing time
05 Mar 2024, 20:20:20 UTC
Previous filing
19 Dec 2023
Next filing
28 Mar 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 +25,000 +12% $0.000000 237,014 01 Mar 2024 Direct
transaction ACHR Class A Common Stock Options Exercise $0 +32,456 +14% $0.000000 269,470 01 Mar 2024 Direct
transaction ACHR Class A Common Stock Options Exercise $0 +19,796 +7.3% $0.000000 289,266 01 Mar 2024 Direct
transaction ACHR Class A Common Stock Tax liability $188,697 -44,680 -15% $4.22 244,586 05 Mar 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 -25,000 -33% $0.000000 50,000 01 Mar 2024 Class A Common Stock 25,000 Direct F3, F4, F5
transaction ACHR Restricted Stock Units Options Exercise $0 -32,456 -10% $0.000000 292,110 01 Mar 2024 Class A Common Stock 32,456 Direct F3, F5, F6
transaction ACHR Restricted Stock Units Options Exercise $0 -19,796 -7.7% $0.000000 237,557 01 Mar 2024 Class A Common Stock 19,796 Direct F3, F5, F7
* 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) 1/3 of the total award on August 15, 2022; and (ii) 1/12 of the total award quarterly thereafter on each of 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.
F7 The 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.