Form 4 for ACHR Archer Aviation Inc.
Accepted 2024-11-18 00:00:00 ET · period of report 2024-11-18 · accession 0001415889-24-027142 · 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 | 2024-11-18 | 2024-11-18 | ACHR | Goldstein Adam D | CEO, Dir, 10% | C - Cnv Deriv | — | +5.00M | 5.00M | New | — |
| D | 2024-11-18 | 2024-11-18 | ACHR | Goldstein Adam D | CEO, Dir, 10% | C - Cnv Deriv | $0.00 | -5.00M | 6.46M | -44% | $0 |
| DM | 2024-11-18 | 2024-11-18 | ACHR | Goldstein Adam D | CEO, Dir, 10% | M - OptEx | $0.00 | 0 | 10.00M | New | $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 | 2024-11-18 | C | A | 5,002,306 | — | 5,002,306 | D | — | — | (F1) Each share of Class B Common Stock 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 | Derivative | Class B Common Stock | 2024-11-18 | C | D | 5,002,306 | $0.00 | 6,461,653 | D | — · — to — | 5,002,306 Class A Common Stock | (F1) Each share of Class B Common Stock 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. (F6) A holder's shares of Class B Common Stock convert automatically upon certain transfers and are subject to mandatory conversion into Class A Common Stock upon the occurrence of certain events described in the issuer's Amended and Restated Certificate of Incorporation. |
| 3 | Derivative | Class B Common Stock | 2024-11-18 | M | A | 5,002,306 | $0.00 | 11,463,959 | D | — · — to — | 5,002,306 Class A Common Stock | (F1) Each share of Class B Common Stock 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. (F6) A holder's shares of Class B Common Stock convert automatically upon certain transfers and are subject to mandatory conversion into Class A Common Stock upon the occurrence of certain events described in the issuer's Amended and Restated Certificate of Incorporation. |
| 4 | Derivative | Performance Based Restricted Stock Units | 2024-11-18 | M | D | 5,002,306 | $0.00 | 10,004,612 | D | — · — to — | 5,002,306 Class B Common Stock | (F3) Each performance-based restricted stock unit represents a contingent right to receive one share of the issuer's Class B Common Stock upon the achievement of certain performance criteria and pursuant to the terms of the reporting person's agreement with the issuer. (F4) On September 16, 2021, the reporting person was granted a performance-based restricted stock unit award consisting of 20,009,224 restricted stock units (the "Founder PRSU Award"). Pursuant to the reporting person's agreement with the issuer, the Founder PRSU Award may vest in four equal tranches, with the vesting and settlement of each tranche being contingent upon both the achievement of pre-determined performance milestones and the reporting person establishing a mutually acceptable arrangement to satisfy tax liabilities associated with the settlement thereof. The reported transaction represents the vesting and settlement of the second tranche of the Founder PRSU Award upon the satisfaction of both the aforementioned requirements. (F5) The remaining tranches of the Founder PRSU Award may expire if the relevant performance criteria are not achieved by September 16, 2028. |