Thomas Paul Muniz - Mar 28, 2025 Form 4 Insider Report for Archer Aviation Inc. (ACHR)

Role: CHIEF TECHNOLOGY OFFICER
Signature: /s/ Eric Lentell, Attorney-in-Fact for Thomas Paul Muniz
Stock symbol: ACHR
Transactions as of: Mar 28, 2025
Transactions value $: -$372,575
Form type: 4
Date filed: 4/1/2025, 08:05 PM
Previous filing: Mar 4, 2025
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ACHR	Class A Common Stock	Options Exercise	$0	+95.4K	+8.43%	$0.00	1.23M	Mar 28, 2025	Direct
transaction	ACHR	Class A Common Stock	Sale	-$373K	-53K	-4.32%	$7.04	1.17M	Mar 31, 2025	Direct	F1, F2

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	Performance Restricted Stock Units	Options Exercise	$0	-95.4K	-33.33%	$0.00	191K	Mar 28, 2025	Class A Common Stock	95.4K		Direct	F3, F4, F5

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents shares of Class A Common Stock of the Issuer sold to satisfy the reporting person's tax withholding obligations, which were incurred in connection with the vesting of restricted stock units. In accordance with company policy, shares are automatically sold to cover such obligations.
F2	The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $6.92 to $7.185, 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.
F3	Each performance-based restricted stock unit ("PRSU") represents a contingent right to receive one share of the Issuer's Class A Common Stock upon the achievement of certain performance criteria and pursuant to the terms of the reporting person's agreement with the Issuer.
F4	On March 28, 2025, the Issuer's compensation committee certified achievement of the first tranche of the PRSU award granted on March 26, 2024 (the "2024 PRSU Award") at the maximum level, resulting in one-third of the 2024 PRSU Award becoming earned at 200% of the target amount granted.
F5	The remaining tranches of the PRSU Award may expire if the relevant performance criteria are not achieved within the applicable performance period for such tranche. The performance period for the second and third tranches ends on March 26, 2026 and 2027, respectively.