OSCAR MUNOZ - 10 Jun 2023 Form 4 Insider Report for Archer Aviation Inc. (ACHR)

Role: Director
Signature: /s/ Andy Missan, Attorney-in-Fact for Oscar Munoz
Issuer symbol: ACHR
Transactions as of: 10 Jun 2023
Net transactions value: $0
Form type: 4
Filing time: 26 Jun 2023, 17:07:26 UTC
Previous filing: 23 May 2023
Next filing: 23 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	+24,331	+8.8%	$0.000000	302,155	10 Jun 2023	Direct

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	-24,331	-100%	$0.000000^*	0	10 Jun 2023	Class A Common Stock	24,331		Direct	F1, F2
transaction	ACHR	Restricted Stock Units	Award	$0	+29,674		$0.000000	29,674	23 Jun 2023	Class A Common Stock	29,674		Direct	F1, F3, F4
transaction	ACHR	Deferred Restricted Stock Units	Award	$0	+29,673		$0.000000	29,673	23 Jun 2023	Class A Common Stock	29,673		Direct	F1, F4, F5

* 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 service to the Issuer as of the applicable vesting date.
F2	The entire award fully vested on June 10, 2023.
F3	The entire award will vest on the earlier of the: (i) one year anniversary of the grant date or (ii) date of the Issuer's 2024 annual stockholders' meeting.
F4	These restricted stock units do not expire; they either will vest on the vesting date or they will be cancelled prior to the vesting date in the event the reporting person ceases to provide services to the Issuer.
F5	On the vesting date, pursuant to the reporting person's election, the restricted stock units will automatically convert into an equal number of deferred stock units, which will be settled for an equal number of shares of the Issuer's Class A Common Stock on the fifth anniversary of the grant date. Notwithstanding the aforementioned deferral period, from and after the vesting date, the deferred stock units may automatically settle earlier upon the reporting person's death, disability, or separation from service with the Issuer, or upon the occurrence of an "unforeseeable emergency," as that term is defined under the deferred compensation program.