Form 4 for ACHR Archer Aviation Inc.
Accepted 2022-06-28 00:00:00 ET · period of report 2022-06-24 · accession 0001209191-22-039658 · 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 | 2022-06-28 | 2022-06-24 | ACHR | Goldstein Adam D | CEO, Dir, 10% | C - Cnv Deriv | — | +2.70M | 2.70M | New | — |
| D | 2022-06-28 | 2022-06-24 | ACHR | Goldstein Adam D | CEO, Dir, 10% | S - Sale | $4.08 | -2.70M | 0 | -100% | -$11.02M |
| D | 2022-06-28 | 2022-06-24 | ACHR | Goldstein Adam D | CEO, Dir, 10% | C - Cnv Deriv | $0.00 | -2.70M | 6.46M | -29% | $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 | 2022-06-24 | C | A | 2,700,000 | — | 2,700,000 | D | — | — | (F1) Each share of the Class B Common Stock of Archer Aviation Inc. (the "Issuer") is convertible into one share of the Issuer's Class A Common Stock at any time, at the election of the holder or automatically upon certain transfers, whether or not for value. |
| 2 | Common | Class A Common Stock | 2022-06-24 | S | D | 2,700,000 | $4.08 | 0 | D | — | — | (F3) The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $3.97 to $4.285, 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 purchased at each separate price within the range set forth in this footnote. |
| 3 | Derivative | Class B Common Stock | 2022-06-24 | C | D | 2,700,000 | $0.00 | 6,461,653 | D | — · — to — | 2,700,000 Class A Common Stock | (F1) Each share of the Class B Common Stock of Archer Aviation Inc. (the "Issuer") is convertible into one share of the Issuer's Class A Common Stock at any time, at the election of the holder or automatically upon certain transfers, whether or not for value. (F5) A holder's shares of the Issuer's Class B Common Stock convert automatically upon certain transfers. As a founder of the Issuer, the reporting person's shares will also convert automatically into Class A Common Stock upon the occurrence of certain events described in the Issuer's Amended and Restated Certificate of Incorporation. |