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

Signature
/s/ Andy Missan, Attorney-in-Fact for Tosha Perkins
Issuer symbol
ACHR
Transactions as of
15 Aug 2023
Net transactions value
-$97,156
Form type
4
Filing time
17 Aug 2023, 19:57:41 UTC
Previous filing
17 May 2023
Next filing
22 Aug 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 +25,000 +17% $0.000000 171,519 15 Aug 2023 Direct
transaction ACHR Class A Common Stock Options Exercise $0 +32,456 +19% $0.000000 203,975 15 Aug 2023 Direct
transaction ACHR Class A Common Stock Options Exercise $0 +19,796 +9.7% $0.000000 223,771 15 Aug 2023 Direct
transaction ACHR Class A Common Stock Tax liability $58,605 -9,827 -4.4% $5.96 213,944 16 Aug 2023 Direct F1, F2
transaction ACHR Class A Common Stock Tax liability $38,550 -6,512 -3% $5.92 207,432 17 Aug 2023 Direct F1, F3

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 -20% $0.000000 100,000 15 Aug 2023 Class A Common Stock 25,000 Direct F4, F5, F6
transaction ACHR Restricted Stock Units Options Exercise $0 -32,456 -8.3% $0.000000 357,023 15 Aug 2023 Class A Common Stock 32,456 Direct F4, F6, F7
transaction ACHR Restricted Stock Units Options Exercise $0 -19,796 -6.7% $0.000000 277,150 15 Aug 2023 Class A Common Stock 19,796 Direct F4, F6, F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares sold in satisfaction of the reporting person's tax liability arising as a result of the settlement of restricted stock units.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $5.71 to $6.30, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the U.S. Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote and in footnote 3 of this Form 4.
F3 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $5.645 to $6.26, inclusive.
F4 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.
F5 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 of November 15th, March 1st, May 15th, and August 15th.
F6 These restricted stock units do not expire; they either vest or are cancelled prior to the vesting date.
F7 The award vested or 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.
F8 The award vested or vests as to 1/16th of the total award quarterly on May 15, 2023 and thereafter on each of August 15th, November 15th, March 1st and May 15th.