Eric Lentell - 15 May 2024 Form 4 Insider Report for Archer Aviation Inc. (ACHR)

Signature
/s/ Eric Lentell
Issuer symbol
ACHR
Transactions as of
15 May 2024
Net transactions value
-$97,664
Form type
4
Filing time
17 May 2024, 18:35:38 UTC
Previous filing
05 Apr 2024
Next filing
19 Aug 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 +18,750 $0.000000 18,750 15 May 2024 Direct
transaction ACHR Class A Common Stock Options Exercise $0 +22,866 +122% $0.000000 41,616 15 May 2024 Direct
transaction ACHR Class A Common Stock Options Exercise $0 +19,796 +48% $0.000000 61,412 15 May 2024 Direct
transaction ACHR Class A Common Stock Options Exercise $0 +8,946 +15% $0.000000 70,358 15 May 2024 Direct
transaction ACHR Class A Common Stock Tax liability $97,664 -26,693 -38% $3.66 43,665 17 May 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 -18,750 -17% $0.000000 93,750 15 May 2024 Class A Common Stock 18,750 Direct F3, F4, F5
transaction ACHR Restricted Stock Units Options Exercise $0 -22,866 -10% $0.000000 205,794 15 May 2024 Class A Common Stock 22,866 Direct F3, F5, F6
transaction ACHR Restricted Stock Units Options Exercise $0 -19,796 -8.3% $0.000000 217,761 15 May 2024 Class A Common Stock 19,796 Direct F3, F5, F7
transaction ACHR Restricted Stock Units Options Exercise $0 -8,946 -6.3% $0.000000 134,184 15 May 2024 Class A Common Stock 8,946 Direct F3, F5, F8
* 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 $3.605 to $3.82, 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 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 August 15, 2023; and (ii) 1/16 of the total award quarterly thereafter on November 15th, March 1st, May 15th, and August 15th.
F7 The award vested or vests as to 1/16 of the total award beginning on May 15, 2023 and thereafter quarterly on August 15th, November 15th, March 1st, and May 15th.
F8 The award vested or vests at to 1/16 of the total award beginning on May 15, 2024, and thereafter quarterly on August 15th, November 15th, March 1st, and May 15th.