Tosha Perkins - Aug 15, 2024 Form 4 Insider Report for Archer Aviation Inc. (ACHR)

Signature
/s/ Eric Lentell, Attorney-in-Fact for Tosha Perkins
Stock symbol
ACHR
Transactions as of
Aug 15, 2024
Transactions value $
-$166,639
Form type
4
Date filed
8/19/2024, 06:38 PM
Previous filing
May 17, 2024
Next filing
Nov 19, 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 +25K +8.92% $0.00 305K Aug 15, 2024 Direct
transaction ACHR Class A Common Stock Options Exercise $0 +32.5K +10.63% $0.00 338K Aug 15, 2024 Direct
transaction ACHR Class A Common Stock Options Exercise $0 +19.8K +5.86% $0.00 358K Aug 15, 2024 Direct
transaction ACHR Class A Common Stock Options Exercise $0 +5.96K +1.67% $0.00 364K Aug 15, 2024 Direct
transaction ACHR Class A Common Stock Tax liability -$167K -44.6K -12.26% $3.74 319K Aug 19, 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 -25K -100% $0.00* 0 Aug 15, 2024 Class A Common Stock 25K Direct F3, F4, F5
transaction ACHR Restricted Stock Units Options Exercise $0 -32.5K -12.5% $0.00 227K Aug 15, 2024 Class A Common Stock 32.5K Direct F3, F5, F6
transaction ACHR Restricted Stock Units Options Exercise $0 -19.8K -9.09% $0.00 198K Aug 15, 2024 Class A Common Stock 19.8K Direct F3, F5, F7
transaction ACHR Restricted Stock Units Options Exercise $0 -5.96K -6.67% $0.00 83.5K Aug 15, 2024 Class A Common Stock 5.96K 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 $3.655 to $3.865, 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 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 August 15th, November 15th, March 1st, and May 15th.
F7 The award vested or vests as to 1/16 of the total award beginning on May 15, 2023 and quarterly thereafter on August 15th, November 15th, March 1st, and May 15th.
F8 The award vested or vests as to 1/16 of the total award beginning on May 15, 2024, and quarterly thereafter on August 15th, November 15th, March 1st, and May 15th.