Andy Missan - May 15, 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 15, 2023
Transactions value $
-$58,874
Form type
4
Date filed
5/17/2023, 04:32 PM
Previous filing
May 3, 2023
Next filing
Jun 22, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ACHR Class A Common Stock Options Exercise $0 +62.5K +34.16% $0.00 245K May 15, 2023 Direct
transaction ACHR Class A Common Stock Tax liability -$43.2K -21.6K -8.8% $2.00 224K May 15, 2023 Direct F1
transaction ACHR Class A Common Stock Options Exercise $0 +22.6K +10.11% $0.00 246K May 15, 2023 Direct
transaction ACHR Class A Common Stock Tax liability -$15.6K -7.82K -3.17% $2.00 239K May 15, 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 -62.5K -10% $0.00 563K May 15, 2023 Class A Common Stock 62.5K Direct F2, F3, F4
transaction ACHR Restricted Stock Units Options Exercise $0 -22.6K -6.25% $0.00 339K May 15, 2023 Class A Common Stock 22.6K Direct F2, F4, F5
* 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) 1/4 of the total award on August 15, 2022; and (ii) 1/16 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 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.