Michael Spellacy - 10 Jun 2023 Form 4 Insider Report for Archer Aviation Inc. (ACHR)

Role
Director
Signature
/s/ Andy Missan, Attorney-in-Fact for Michael Spellacy
Issuer symbol
ACHR
Transactions as of
10 Jun 2023
Net transactions value
$0
Form type
4
Filing time
26 Jun 2023, 17:08:12 UTC
Previous filing
17 Jan 2023
Next filing
28 Jun 2023
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 +48,661 +33% $0.000000 195,166 10 Jun 2023 Direct
holding ACHR Class A Common Stock 1,694,906 10 Jun 2023 Achill Holdings LLC F1

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 -48,661 -100% $0.000000* 0 10 Jun 2023 Class A Common Stock 48,661 Direct F2, F3
transaction ACHR Restricted Stock Units Award $0 +59,347 $0.000000 59,347 23 Jun 2023 Class A Common Stock 59,347 Direct F2, F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reporting person owns the securities indirectly through Achill Holdings LLC, of which he is the sole managing member.
F2 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 service to the Issuer as of the applicable vesting date.
F3 The entire award fully vested on June 10, 2023.
F4 All of the restricted stock units vest on the earlier of the: (i) one year anniversary of the grant date or (ii) date of the Issuer's 2024 annual stockholders' meeting.
F5 These restricted stock units do not expire. They either vest or are canceled should the reporting person cease to provide services to the Issuer prior to the vesting date.