Oscar Munoz - Jun 10, 2023 Form 4 Insider Report for Archer Aviation Inc. (ACHR)

Role
Director
Signature
/s/ Andy Missan, Attorney-in-Fact for Oscar Munoz
Stock symbol
ACHR
Transactions as of
Jun 10, 2023
Transactions value $
$0
Form type
4
Date filed
6/26/2023, 05:07 PM
Previous filing
May 23, 2023
Next filing
Aug 23, 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 +24.3K +8.76% $0.00 302K Jun 10, 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 -24.3K -100% $0.00* 0 Jun 10, 2023 Class A Common Stock 24.3K Direct F1, F2
transaction ACHR Restricted Stock Units Award $0 +29.7K $0.00 29.7K Jun 23, 2023 Class A Common Stock 29.7K Direct F1, F3, F4
transaction ACHR Deferred Restricted Stock Units Award $0 +29.7K $0.00 29.7K Jun 23, 2023 Class A Common Stock 29.7K 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.