Andy Missan - 28 Mar 2024 Form 4 Insider Report for Archer Aviation Inc. (ACHR)

Role
CHIEF LEGAL OFF. & SECRETARY
Signature
/s/ Andy Missan
Issuer symbol
ACHR
Transactions as of
28 Mar 2024
Net transactions value
$0
Form type
4
Filing time
29 Mar 2024, 16:20:37 UTC
Previous filing
05 Mar 2024
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 +250,000 +75% $0.000000 583,962 28 Mar 2024 Direct
transaction ACHR Class A Common Stock Options Exercise $0 +90,498 +15% $0.000000 674,460 28 Mar 2024 Direct

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 -250,000 -67% $0.000000 125,000 28 Mar 2024 Class A Common Stock 250,000 Direct F1, F2, F3
transaction ACHR Restricted Stock Units Options Exercise $0 -90,498 -33% $0.000000 180,996 28 Mar 2024 Class A Common Stock 90,498 Direct F1, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Andy Missan is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Each restricted stock unit represents a contingent right to receive one share of the Issuer's Class A Common Stock.
F2 The remainder of the award shall vest as to 62,500 shares on each of May 15, 2024 and August 15, 2024, subject to the reporting person's continued status as a service provider to the Issuer on each vesting date.
F3 These restricted stock units do not expire; they either vest or are cancelled prior to the vesting date.
F4 The remainder of the award shall vest in ratable increments on May 15th, August 15th, November 15th, and March 1st, through March 1, 2026, subject to the reporting person's continued status as a service provider to the Issuer on each vesting date.