Form 4 for ACHR Archer Aviation Inc.
Accepted 2022-09-26 00:00:00 ET · period of report 2022-09-22 · accession 0001209191-22-051301 · 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 | 2022-09-26 | 2022-09-22 | ACHR | Perkins Tosha | CHRO | M - OptEx | $0.00 | +100.0K | 100.0K | New | $0 |
| D | 2022-09-26 | 2022-09-23 | ACHR | Perkins Tosha | CHRO | F - Tax | $2.75 | -37.8K | 62.2K | -38% | -$103.8K |
| D | 2022-09-26 | 2022-09-26 | ACHR | Perkins Tosha | CHRO | S - Sale+OE | $2.82 | -62.2K | 0 | -100% | -$175.5K |
| D | 2022-09-26 | 2022-09-22 | ACHR | Perkins Tosha | CHRO | M - OptEx | $0.00 | +100.0K | 200.0K | +100% | $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 | M | A | 100,000 | $0.00 | 100,000 | D | — | — | (F1) No consideration was paid by the reporting person to the issuer for the vested shares. However, settlement of the restricted stock units for shares was deferred, pursuant to the award agreement between the issuer and the reporting person, until the date on which an issuer-mandated sale of shares may be executed to cover the reporting person's tax obligations in respect of the vesting event. |
| 2 | Common | Class A Common Stock | 2022-09-23 | F | D | 37,758 | $2.75 | 62,242 | D | — | — | (F2) Represents shares sold in satisfaction of the reporting person's tax liability arising as a result of the settlement of restricted stock units. (F3) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $2.7015 to $2.85, inclusive. The reporting person undertakes to provide to Archer Aviation Inc., any security holder of Archer Aviation Inc., 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 footnotes 3 and 5 of this Form 4. |
| 3 | Common | Class A Common Stock | 2022-09-26 | S | D | 62,242 | $2.82 | 0 | D | — | — | (F5) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $2.715 to $2.905, inclusive. |
| 4 | Derivative | Restricted Stock Units | 2022-09-22 | M | A | 100,000 | $0.00 | 200,000 | D | — · — to — | 100,000 Class A Common Stock | (F1) No consideration was paid by the reporting person to the issuer for the vested shares. However, settlement of the restricted stock units for shares was deferred, pursuant to the award agreement between the issuer and the reporting person, until the date on which an issuer-mandated sale of shares may be executed to cover the reporting person's tax obligations in respect of the vesting event. (F6) 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 status as a service provider to the issuer. (F8) The award vests as to: (i) 1/3 of the total award on August 15, 2022; and (ii) 1/12 of the total award quarterly thereafter on each November 15th, March 1st, May 15th, and August 15th. (F9) These restricted stock units do not expire; they either vest or are cancelled prior to the vesting date. |