Andy Missan - May 1, 2023 Form 4 Insider Report for Archer Aviation Inc. (ACHR)

Role
Chief Legal Off. & Secretary
Signature
/s/ Andy Missan
Stock symbol
ACHR
Transactions as of
May 1, 2023
Transactions value $
$0
Form type
4
Date filed
5/3/2023, 06:00 PM
Previous filing
Mar 3, 2023
Next filing
May 17, 2023

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 Award $0 +362K $0.00 362K May 1, 2023 Class A Common Stock 362K Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
F2 1/16th of the total award vests quarterly starting on May 15, 2023 and thereafter on each August 15th, November 15th, March 1st and May 15th.
F3 These restricted stock units do not expire; they either vest or are cancelled prior to the vesting date.