Key facts
- This page summarizes Brett Adcock's Form 4 filing for Archer Aviation Inc. (ACHR).
- 6 reported transactions and 2 derivative rows are listed below.
- Accepted by SEC: 15 Jun 2023, 17:15.
Brett Adcock - 13 Jun 2023 Form 4 Insider Report for Archer Aviation Inc. (ACHR)
- Reporting relationship
- Former 10% Owner
- Issuer ticker
- ACHR
- Reported as of
- 13 Jun 2023
- Net transaction value
- -$9,239,004
- SEC form
- 4
- Accepted by SEC
- 15 Jun 2023, 17:15:04 UTC
- Prior SEC filing
- 13 Jun 2023
- Source filing
- View source filing
- Reporting owner signature
- /s/ Brett Adcock
Source evidence
Original filing metadata and source links for verification.
4 source fields
Reporting owner
1 detail
Key filing fact
Brett Adcock filed Form 4 for Archer Aviation Inc. (ACHR) on 15 Jun 2023.
Change
- Previous filing in this sequence was filed on 13 Jun 2023.
- Current net transaction value: -$9,239,004.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
ACHR
transaction
Class A Common Stock
Conversion of derivative security
- Transaction value
- Shares
- +1,236,698
- Change %
- Price
- Shares after
- 1,236,698
- Date
- 13 Jun 2023
- Ownership
- See Footnote
- Footnotes
- F2, F6
ACHR
transaction
Class A Common Stock
Sale
- Transaction value
- $5,386,191
- Shares
- -1,236,698
- Change %
- -100%
- Price
- $4.36
- Shares after
- 0
- Date
- 13 Jun 2023
- Ownership
- See Footnote
- Footnotes
- F4, F6
ACHR
transaction
Class A Common Stock
Conversion of derivative security
- Transaction value
- Shares
- +825,420
- Change %
- Price
- Shares after
- 825,420
- Date
- 14 Jun 2023
- Ownership
- See Footnote
- Footnotes
- F3, F6
ACHR
transaction
Class A Common Stock
Sale
- Transaction value
- $3,852,813
- Shares
- -825,420
- Change %
- -100%
- Price
- $4.67
- Shares after
- 0
- Date
- 14 Jun 2023
- Ownership
- See Footnote
- Footnotes
- F5, F6
ACHR
holding
Class A Common Stock
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 4,159,347
- Date
- 13 Jun 2023
- Ownership
- Direct
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
ACHR
transaction
Derivative
Class B Common Stock
Conversion of derivative security
- Transaction value
- $0
- Shares
- -1,236,698
- Change %
- -8%
- Price
- $0.000000
- Shares after
- 14,258,795
- Date
- 13 Jun 2023
- Ownership
- See Footnote (6).
- Underlying class
- Class A Common Stock
- Underlying amount
- 1,236,698
- Exercise price
- Footnotes
- F1
ACHR
transaction
Derivative
Class B Common Stock
Conversion of derivative security
- Transaction value
- $0
- Shares
- -825,420
- Change %
- -5.8%
- Price
- $0.000000
- Shares after
- 13,433,375
- Date
- 14 Jun 2023
- Ownership
- See Footnote (6).
- Underlying class
- Class A Common Stock
- Underlying amount
- 825,420
- Exercise price
- Footnotes
- F1
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Section 16 status
Brett Adcock is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.
Explanation of responses 6 footnotes
Footnote F1
Each share of the Issuer's Class B common stock is convertible into one share of the Issuer's Class A common stock at any time and will convert automatically upon certain transfers, whether or not for value, or upon the earliest to occur of: (i) September 16, 2031; (ii) the date specified in writing by the holders of two-thirds of the then outstanding shares of Class B common stock; and (iii) the date as of which the number of outstanding shares of Class B common stock represents less than 10.0% of the aggregate number of shares of Class B common stock and Class A common stock outstanding.
Footnote F2
On June 13, 2023, the reporting persons directed the sale of 1,236,698 shares of the Issuer's Class B common stock, resulting in the automatic conversion of the shares into 1,236,698 shares of the Issuer's Class A common stock.
Footnote F3
On June 14, 2023, the reporting persons directed the sale of 825,420 shares of the Issuer's Class B common stock, resulting in the automatic conversion of the shares into 825,420 shares of the Issuer's Class A common stock.
Footnote F4
Weighted average price. These shares were sold in multiple transactions at prices ranging from $4.1000 to $4.5650 inclusive. The reporting persons undertake to provide the Issuer, any security holder of the Issuer, or the staff of the Securities Exchange Commission (the "SEC"), upon request, full information regarding the shares sold at each separate price within the range set forth in this footnote (4) to this Form 4.
Footnote F5
Weighted average price. These shares were sold in multiple transactions at prices ranging from $4.6000 to $4.7900 inclusive. The reporting persons undertake to provide the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the shares sold at each separate price within the range set forth in this footnote (5) to this Form 4.
Footnote F6
The shares are held by Hight Drive Growth LLC ("Hight Drive"). Mr. Adcock is the sole managing member of Hight Drive and, as such, has voting and investment discretion with respect to the securities held directly by it.