| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | ACHR | Class A Common Stock | Conversion of derivative security | +217,336 | 217,336 | 24 May 2023 | See Footnote | F2, F6 | |||
| transaction | ACHR | Class A Common Stock | Sale | $664,983 | -217,336 | -100% | $3.06 | 0 | 24 May 2023 | See Footnote | F4, F6 |
| transaction | ACHR | Class A Common Stock | Conversion of derivative security | +169,772 | 169,772 | 25 May 2023 | See Footnote | F3, F6 | |||
| transaction | ACHR | Class A Common Stock | Sale | $521,709 | -169,772 | -100% | $3.07 | 0 | 25 May 2023 | See Footnote | F5, F6 |
| holding | ACHR | Class A Common Stock | 4,159,347 | 24 May 2023 | Direct |
| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | ACHR | Class B Common Stock | Conversion of derivative security | $0 | -217,336 | -1% | $0.000000 | 20,927,889 | 24 May 2023 | Class A Common Stock | 217,336 | See Footnote | F1, F6 | |
| transaction | ACHR | Class B Common Stock | Conversion of derivative security | $0 | -169,772 | -0.81% | $0.000000 | 20,758,117 | 25 May 2023 | Class A Common Stock | 169,772 | See Footnote | F1, F6 |
| Id | Content |
|---|---|
| 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. |
| F2 | On May 24, 2023, the reporting persons directed the sale of 217,336 shares of the Issuer's Class B common stock, resulting in the automatic conversion of the shares into 217,336 shares of the Issuer's Class A common stock. |
| F3 | On May 25, 2023, the reporting persons directed the sale of 169,772 shares of the Issuer's Class B common stock, resulting in the automatic conversion of the shares into 169,772 shares of the Issuer's Class A common stock. |
| F4 | Weighted average price. These shares were sold in multiple transactions at prices ranging from $3.0500 to $3.1000 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. |
| F5 | Weighted average price. These shares were sold in multiple transactions at prices ranging from $3.0300 to $3.1000 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. |
| 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. |