Form 4 for ACHR Archer Aviation Inc.

Accepted 2023-05-17 00:00:00 ET · period of report 2023-05-09 · accession 0001104659-23-061858 · 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
D	2023-05-17	2023-05-09	ACHR	Adcock Brett	10%	C - Cnv Deriv	—	+4.16M	4.16M	New	—
D	2023-05-17	2023-05-09	ACHR	Adcock Brett	10%	C - Cnv Deriv	$0.00	-4.16M	0	-100%	$0

Purchase Sale Sale after option exercise All abbreviations

#	Table	Security	Date	Code	A/D	Shares	Price	Owned after	Own	Exercise / expiry	Underlying	Footnotes
1	Common	Class A Common Stock	2023-05-09	C	A	4,159,347	—	4,159,347	D	—	—	(F2) On May 9, 2023, 4,159,347 shares of the Issuer's Class B common stock held by Mr. Adcock automatically converted into 4,159,347 shares of the Issuer's Class A common stock.
2	Derivative	Class B Common Stock	2023-05-09	C	D	4,159,347	$0.00	0	D	— · — to —	4,159,347 Class A Common Stock	(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. Shares of the Issuer's Class B common stock held by Brett Adcock automatically converted into shares of Class A common stock on the date that was 12 months following the date that Mr. Adcock ceased to provide services to the Issuer as an executive officer and member of the board of directors.