Adam D. Goldstein - Nov 19, 2024 Form 4 Insider Report for Archer Aviation Inc. (ACHR)

Role
Chief Executive Officer, Director
Signature
/s/ Eric Lentell, Attorney-in-Fact for Adam D. Goldstein
Stock symbol
ACHR
Transactions as of
Nov 19, 2024
Transactions value $
-$14,754,583
Form type
4
Date filed
11/21/2024, 09:38 PM
Previous filing
Nov 18, 2024
Next filing
Dec 20, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ACHR Class A Common Stock Sale -$3.73M -805K -16.1% $4.63 4.2M Nov 19, 2024 Direct F1, F2
transaction ACHR Class A Common Stock Sale -$6.85M -1.37M -32.69% $4.99 2.82M Nov 20, 2024 Direct F1, F3
transaction ACHR Class A Common Stock Sale -$4.28M -830K -29.37% $5.15 2M Nov 21, 2024 Direct F1, F4
transaction ACHR Class A Common Stock Purchase $101K +19.8K +0.99% $5.12 2.01M Nov 21, 2024 Direct
holding ACHR Class A Common Stock 140K Nov 19, 2024 By Capri Growth LLC F5
* 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 settlement of Restricted Stock Units reported on November 18, 2024. In accordance with the Issuer's company policy, shares are sold to cover such obligations. Following these transactions, Mr. Goldstein still maintains beneficial ownership of an aggregate 36,352,585 shares, representing approximately 45.9% of the voting power of the Issuer's common stock outstanding.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $4.335 to $4.765, 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 (2) and in footnotes (3) and (4).
F3 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $4.88 to $5.13, inclusive.
F4 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $4.94 to $5.805, inclusive.
F5 The shares are directly held by Capri Growth LLC, of which the reporting person is the sole managing member.

Remarks:

Mr. Goldstein has disgorged to the Issuer all statutory "profits" pursuant to Section 16(b) of the Securities Exchange Act of 1934, as amended, that resulted from the transactions reported herein. Such profits are not material to the financial statements of the Issuer.