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

Signature
/s/ Andy Missan, Attorney-in-Fact for Mark Mesler
Issuer symbol
ACHR
Transactions as of
15 Aug 2023
Net transactions value
-$142,944
Form type
4
Filing time
17 Aug 2023, 20:00:46 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 +82,840 +29% $0.000000 371,132 15 Aug 2023 Direct F1
transaction ACHR Class A Common Stock Options Exercise $0 +14,140 +3.8% $0.000000 385,272 15 Aug 2023 Direct
transaction ACHR Class A Common Stock Tax liability $73,568 -12,336 -3.2% $5.96 372,936 16 Aug 2023 Direct F2, F3
transaction ACHR Class A Common Stock Tax liability $69,375 -11,719 -3.1% $5.92 361,217 17 Aug 2023 Direct F2, F4

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 -82,840 -9.1% $0.000000 828,392 15 Aug 2023 Class A Common Stock 82,840 Direct F5, F6, F7
transaction ACHR Restricted Stock Units Options Exercise $0 -14,140 -6.7% $0.000000 197,964 15 Aug 2023 Class A Common Stock 14,140 Direct F5, F7, F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The total reported in this column includes 5,000 shares previously acquired by the reporting person pursuant to the issuer's Employee Stock Purchase Plan in one or more transactions that were exempt under Rules 16b-3(c) and 16b-3(d).
F2 Represents shares sold in satisfaction of the reporting person's tax liability arising as a result of the settlement of restricted stock units.
F3 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.
F4 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.
F5 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.
F6 The award vested or vests as to: (i) 1/4 of the total award on March 1, 2023; and (ii) 1/16 of the total award quarterly thereafter on each of May 15th, August 15th, November 15th, and March 1st.
F7 These restricted stock units do not expire; they either vest or are cancelled prior to the vesting date.
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.