Michael Spellacy - 12 Dec 2024 Form 4 Insider Report for Archer Aviation Inc. (ACHR)

Role
Director
Signature
/s/ Eric Lentell, Attorney-in-Fact for Michael Spellacy
Issuer symbol
ACHR
Transactions as of
12 Dec 2024
Net transactions value
-$447,300
Form type
4
Filing time
13 Dec 2024, 17:02:25 UTC
Previous filing
25 Oct 2024
Next filing
20 Dec 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ACHR Class A Common Stock Sale $447,300 -63,000 -25% $7.10 191,513 12 Dec 2024 Direct F1
holding ACHR Class A Common Stock 1,440,670 12 Dec 2024 Achill Holdings LLC F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 This transaction was executed pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on September 13, 2024.
F2 The reporting person owns the securities indirectly through Achill Holdings LLC, of which he is the sole managing member.