Adam D. Goldstein - Dec 18, 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
Dec 18, 2024
Transactions value $
$0
Form type
4
Date filed
12/20/2024, 09:19 PM
Previous filing
Nov 21, 2024
Next filing
Jan 3, 2025

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 Deferred Restricted Stock Units Award $0 +750K $0.00 750K Dec 18, 2024 Class A Common Stock 750K Direct F1, F2, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each deferred 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 service to the Issuer as of the applicable Vesting Date (defined below).
F2 The award shall time-vest as to 3/8 (i.e., 281,250 restricted stock units) of the total award on the date of the Issuer's 2025 annual shareholder meeting, and thereafter shall time-vest as to 1/16 of the total award quarterly on each of August 15th, November 15th, March 1st, and May 15th. Once time-vested, the restricted stock units will be settled for shares of the Issuer's Class A Common Stock during calendar year 2029 on a date to be determined by the Issuer.
F3 (Continued from footnote (2)) Notwithstanding the aforementioned deferral period, once vested, deferred stock units will automatically settle earlier upon the earliest to occur of: (i) the reporting person's death, disability, or separation from service with the Issuer, (ii) a Change in Control (as defined under the Issuer's 2021 Amended and Restated Equity Incentive Plan) or (iii) the occurrence of an "unforeseeable emergency" (as defined under Section 409A of the Internal Revenue Code). The events described in subclauses (i), (ii), and (iii) of the preceding sentence are referred to herein as the "Extraordinary Settlement Events." If an Extraordinary Settlement Event occurs before the applicable vesting date, then settlement will occur instead on the applicable vesting date.
F4 The deferred restricted stock units do not expire. They either will vest on the applicable vesting date or be cancelled prior thereto if the reporting person ceases to provide services to the Issuer.