Thomas Paul Muniz - Aug 15, 2023 Form 4 Insider Report for Archer Aviation Inc. (ACHR)

Role
Chief Operating Officer
Signature
/s/ Andy Missan, Attorney-in-Fact for Thomas Paul Muniz
Stock symbol
ACHR
Transactions as of
Aug 15, 2023
Transactions value $
-$22,637
Form type
4
Date filed
8/17/2023, 07:58 PM
Previous filing
Jun 30, 2023
Next filing
Aug 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 +18K +1.44% $0.00 1.26M Aug 15, 2023 Direct
transaction ACHR Class A Common Stock Tax liability -$13.7K -2.29K -0.18% $5.96 1.26M Aug 16, 2023 Direct F1, F2
transaction ACHR Class A Common Stock Tax liability -$8.98K -1.52K -0.12% $5.92 1.26M Aug 17, 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 -18K -16.67% $0.00 90K Aug 15, 2023 Class A Common Stock 18K Direct F4, F5, F6
* 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 November 15, 2022; and (ii) 1/12 of the total award quarterly thereafter on each of March 1st, May 15th, August 15th, and November 15th.
F6 These restricted stock units do not expire; they either vest or are cancelled prior to the vesting date.