Adam D. Goldstein - 31 Dec 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
Issuer symbol
ACHR
Transactions as of
31 Dec 2024
Net transactions value
$0
Form type
4
Filing time
03 Jan 2025, 17:06:54 UTC
Previous filing
20 Dec 2024
Next filing
28 Jul 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ACHR Class A Common Stock Conversion of derivative security +6,461,653 +321% 8,476,543 31 Dec 2024 Direct F1
transaction ACHR Class A Common Stock Conversion of derivative security +27,756,278 +19893% 27,895,804 31 Dec 2024 By Capri Growth LLC 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 Class B Common Stock Conversion of derivative security -6,461,653 -100% 0 31 Dec 2024 Class A Common Stock 6,461,653 Direct F1
transaction ACHR Class B Common Stock Conversion of derivative security -27,756,278 -100% 0 31 Dec 2024 Class A Common Stock 27,756,278 By Capri Growth LLC F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Effective at 5:00 p.m. Eastern Time on December 31, 2024, which was the "Final Conversion Date" as defined in the Issuer's Amended and Restated Certificate of Incorporation, as amended (the "Charter"), each share of the Issuer's Class B Common Stock automatically converted into one share of Class A Common Stock pursuant to the Charter.
F2 The shares are directly held by Capri Growth LLC, of which the reporting person is the sole managing member.

Remarks:

This Form 4 is being filed by the reporting person only to reflect the conversion of his Class B Common Stock to Class A Common Stock. That conversion of the reporting person's securities reported on this Form 4 occurred automatically pursuant to the Issuer's Charter for the reasons described by the Issuer in its Current Report filed on Form 8-K with the U.S. Securities and Exchange Commission on January 3, 2025.