Priya Gupta - Nov 15, 2024 Form 4 Insider Report for Archer Aviation Inc. (ACHR)

Role
Interim CFO
Signature
/s/ Eric Lentell, Attorney-in-Fact for Priya Gupta
Stock symbol
ACHR
Transactions as of
Nov 15, 2024
Transactions value $
-$44,994
Form type
4
Date filed
11/19/2024, 09:42 PM
Previous filing
Sep 16, 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 +19.5K +19.61% $0.00 119K Nov 15, 2024 Direct
transaction ACHR Class A Common Stock Options Exercise $0 +3.58K +3.01% $0.00 122K Nov 15, 2024 Direct
transaction ACHR Class A Common Stock Tax liability -$45K -10.4K -8.53% $4.31 112K Nov 18, 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 -19.5K -28.57% $0.00 48.7K Nov 15, 2024 Class A Common Stock 19.5K Direct F3, F4, F5
transaction ACHR Restricted Stock Units Options Exercise $0 -3.58K -10% $0.00 32.2K Nov 15, 2024 Class A Common Stock 3.58K Direct F3, F5, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares of Class A Common Stock of the issuer sold to satisfy the reporting person's tax withholding obligations, which were incurred in connection with the vesting of restricted stock units. In accordance with company policy, shares are automatically sold to cover such obligations.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $4.06 to $4.475, 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 1/4 of the total award beginning on August 15, 2023, with an additional 1/16 of the total award vesting 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 1/16 of the total award beginning on May 15, 2024, with an additional 1/16 of the total award vesting quarterly thereafter on August 15th, November 15th, March 1st, and May 15th.