Tosha Perkins - 15 May 2023 Form 4 Insider Report for Archer Aviation Inc. (ACHR)

Role
Chief People Partnerships Off.
Signature
/s/ Andy Missan, Attorney-in-Fact for Tosha Perkins
Issuer symbol
ACHR
Transactions as of
15 May 2023
Net transactions value
-$120,770
Form type
4
Filing time
17 May 2023, 16:28:36 UTC
Previous filing
03 May 2023
Next filing
17 Aug 2023
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 Options Exercise $0 +25,000 +77% $0.000000 57,282 15 May 2023 Direct
transaction ACHR Class A Common Stock Tax liability $17,290 -8,645 -15% $2.00 48,637 15 May 2023 Direct F1
transaction ACHR Class A Common Stock Options Exercise $0 +129,826 +267% $0.000000 178,463 15 May 2023 Direct
transaction ACHR Class A Common Stock Tax liability $89,788 -44,894 -25% $2.00 133,569 15 May 2023 Direct F1
transaction ACHR Class A Common Stock Options Exercise $0 +19,796 +15% $0.000000 153,365 15 May 2023 Direct
transaction ACHR Class A Common Stock Tax liability $13,692 -6,846 -4.5% $2.00 146,519 15 May 2023 Direct F1

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 -25,000 -17% $0.000000 125,000 15 May 2023 Class A Common Stock 25,000 Direct F2, F3, F4
transaction ACHR Restricted Stock Units Options Exercise $0 -129,826 -25% $0.000000 389,479 15 May 2023 Class A Common Stock 129,826 Direct F2, F4, F5
transaction ACHR Restricted Stock Units Options Exercise $0 -19,796 -6.2% $0.000000 296,946 15 May 2023 Class A Common Stock 19,796 Direct F2, F4, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares were withheld by the issuer in satisfaction of the reporting person's tax liabilities in connection with the vesting of restricted stock units, based on the issuer's closing stock price on May 12, 2023.
F2 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.
F3 The award vested or vests as to: (i) 1/3 of the total award on August 15, 2022; and (ii) 1/12 of the total award quarterly thereafter on each November 15th, March 1st, May 15th, and August 15th.
F4 These restricted stock units do not expire; they either vest or are cancelled prior to the vesting date.
F5 The award vests as to: (i) 1/4 of the total award on May 15, 2023; and (ii) 1/16 of the total award quarterly thereafter on each of August 15th, November 15th, March 1st, and May 15th.
F6 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.