Michael Spellacy - Sep 16, 2024 Form 4 Insider Report for Archer Aviation Inc. (ACHR)

Role: Director
Signature: /s/ Eric Lentell, Attorney-in-Fact for Michael Spellacy
Stock symbol: ACHR
Transactions as of: Sep 16, 2024
Transactions value $: $0
Form type: 4
Date filed: 10/25/2024, 04:18 PM
Previous filing: Jun 24, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ACHR	Class A Common Stock	Other	$0	-254K	-15%	$0.00	1.44M	Sep 16, 2024	Achill Holdings LLC	F1, F2
holding	ACHR	Class A Common Stock						255K	Sep 16, 2024	Direct

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The reported transaction represents the forfeiture to the Issuer and cancellation of 254,236 shares of the Issuer's Class A Common Stock pursuant to the terms of the Amended and Restated Sponsor Letter Agreement (the "Sponsor Letter Agreement") dated July 29, 2021, entered into by and among the Issuer, Atlas Crest Investment Corp., the reporting person, and certain other individuals party thereto. The foregoing description of the Sponsor Letter Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of such document which was previously filed by the Issuer with the U.S. Securities and Exchange Commission on August 3, 2021 as Annex D-2 to Amendment Number 4 to the Issuer's Registration Statement filed on Form S-4.
F2	The reporting person owns the securities indirectly through Achill Holdings LLC, of which he is the sole managing member.

Content

The reported transaction represents the forfeiture to the Issuer and cancellation of 254,236 shares of the Issuer's Class A Common Stock pursuant to the terms of the Amended and Restated Sponsor Letter Agreement (the "Sponsor Letter Agreement") dated July 29, 2021, entered into by and among the Issuer, Atlas Crest Investment Corp., the reporting person, and certain other individuals party thereto. The foregoing description of the Sponsor Letter Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of such document which was previously filed by the Issuer with the U.S. Securities and Exchange Commission on August 3, 2021 as Annex D-2 to Amendment Number 4 to the Issuer's Registration Statement filed on Form S-4.

The reporting person owns the securities indirectly through Achill Holdings LLC, of which he is the sole managing member.