Form 4 for ACHR Archer Aviation Inc.
Accepted 2022-09-23 00:00:00 ET · period of report 2022-09-19 · accession 0001104659-22-102696 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DMI | 2022-09-23 | 2022-09-21+ | ACHR | Adcock Brett | 10% | S - Sale | $3.03 | -86.6K | 0 | -100% | -$262.1K |
| DMI | 2022-09-23 | 2022-09-21+ | ACHR | Adcock Brett | 10% | C - Cnv Deriv | — | +86.6K | 77.0K | New | — |
| DMI | 2022-09-23 | 2022-09-21+ | ACHR | Adcock Brett | 10% | C - Cnv Deriv | $0.00 | -86.6K | 26.98M | -0.3% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Class A Common Stock | 2022-09-22 | S | D | 9,627 | $3.00 | 0 | I See Footnote | — | — | (F5) Weighted average price. These shares were sold in multiple transactions at prices ranging from $3.0000 to $3.0050 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 From 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. |
| 2 | Common | Class A Common Stock | 2022-09-22 | C | A | 9,627 | — | 9,627 | I See Footnote | — | — | (F3) On September 22, 2022, the reporting persons directed the sale of 9,627 shares of the Issuer's Class B common stock, resulting in the automatic conversion of the shares into 9,627 shares of the Issuer's Class A common stock. (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. |
| 3 | Common | Class A Common Stock | 2022-09-21 | S | D | 76,956 | $3.03 | 0 | I See Footnote | — | — | (F4) Weighted average price. These shares were sold in multiple transactions at prices ranging from $3.0000 to $3.0900 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 From 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. |
| 4 | Common | Class A Common Stock | 2022-09-21 | C | A | 76,956 | — | 76,956 | I See Footnote | — | — | (F2) On September 21, 2022, the reporting persons directed the sale of 76,956 shares of the Issuer's Class B common stock, resulting in the automatic conversion of the shares into 76,956 shares of the Issuer's Class A common stock. (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. |
| 5 | Derivative | Class B Common Stock | 2022-09-21 | C | D | 76,956 | $0.00 | 26,986,952 | I See Footnote | — · — to — | 76,956 Class A Common Stock | (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. (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. |
| 6 | Derivative | Class B Common Stock | 2022-09-22 | C | D | 9,627 | $0.00 | 26,977,325 | I See Footnote | — · — to — | 9,627 Class A Common Stock | (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. (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. |