Form 4 for ACHR Archer Aviation Inc.
Accepted 2023-05-17 00:00:00 ET · period of report 2023-05-15 · accession 0001628280-23-018728 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DM | 2023-05-17 | 2023-05-15 | ACHR | MISSAN ANDY | Chief Legal Off, Sec | M - OptEx | $0.00 | +85.1K | 246.5K | +53% | $0 |
| DM | 2023-05-17 | 2023-05-15 | ACHR | MISSAN ANDY | Chief Legal Off, Sec | F - Tax | $2.00 | -29.4K | 238.7K | -11% | -$58.9K |
| DM | 2023-05-17 | 2023-05-15 | ACHR | MISSAN ANDY | Chief Legal Off, Sec | M - OptEx | $0.00 | -85.1K | 339.4K | -20% | $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 | 2023-05-15 | M | A | 62,500 | $0.00 | 245,468 | D | — | — | |
| 2 | Common | Class A Common Stock | 2023-05-15 | F | D | 21,613 | $2.00 | 223,855 | D | — | — | (F1) Shares were withheld by the issuer in satisfaction of the reporting person's tax liabilities in connection with the vesting of restricted stock units, based on the issuer's closing stock price on May 12, 2023. |
| 3 | Common | Class A Common Stock | 2023-05-15 | F | D | 7,824 | $2.00 | 238,655 | D | — | — | (F1) Shares were withheld by the issuer in satisfaction of the reporting person's tax liabilities in connection with the vesting of restricted stock units, based on the issuer's closing stock price on May 12, 2023. |
| 4 | Common | Class A Common Stock | 2023-05-15 | M | A | 22,624 | $0.00 | 246,479 | D | — | — | |
| 5 | Derivative | Restricted Stock Units | 2023-05-15 | M | D | 62,500 | $0.00 | 562,500 | D | — · — to — | 62,500 Class A Common Stock | (F2) 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. (F3) The award vested or vests as to: (i) 1/4 of the total award on August 15, 2022; and (ii) 1/16 of the total award quarterly thereafter on each November 15th, March 1st, May 15th, and August 15th. (F4) These restricted stock units do not expire; they either vest or are cancelled prior to the vesting date. |
| 6 | Derivative | Restricted Stock Units | 2023-05-15 | M | D | 22,624 | $0.00 | 339,367 | D | — · — to — | 22,624 Class A Common Stock | (F2) 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. (F5) 1/16th of the total award vests quarterly starting on May 15, 2023 and thereafter on each August 15th, November 15th, March 1st and May 15th. (F4) These restricted stock units do not expire; they either vest or are cancelled prior to the vesting date. |