Andy Missan - Jun 20, 2023 Form 4 Insider Report for Archer Aviation Inc. (ACHR)

Signature
/s/ Andy Missan
Stock symbol
ACHR
Transactions as of
Jun 20, 2023
Transactions value $
-$112,544
Form type
4
Date filed
6/22/2023, 04:33 PM
Previous filing
May 17, 2023
Next filing
Jun 30, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ACHR Class A Common Stock Sale -$113K -27.5K -11.52% $4.09 211K Jun 20, 2023 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 This transaction was effected pursuant to a Rule 10b5-1 plan adopted by the reporting person on March 20, 2023.
F2 Represents a weighted average sales price per share. These shares were sold in multiple transactions at prices ranging from $3.981 to $4.230. The Reporting Person undertakes to provide upon request by the staff of the Securities and Exchange Commission, the Issuer, or any security holder of the Issuer, full information regarding the number of shares sold at each separate sale price.