Form 4 for ACHR Archer Aviation Inc.
Accepted 2023-06-26 00:00:00 ET · period of report 2023-06-10 · accession 0001628280-23-023480 · 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 | 2023-06-26 | 2023-06-10 | ACHR | MUNOZ OSCAR | Dir | M - OptEx | $0.00 | +24.3K | 302.2K | +9% | $0 |
| D | 2023-06-26 | 2023-06-10 | ACHR | MUNOZ OSCAR | Dir | M - OptEx | $0.00 | -24.3K | 0 | -100% | $0 |
| DM | 2023-06-26 | 2023-06-23 | ACHR | MUNOZ OSCAR | Dir | A - Grant | $0.00 | +59.3K | 29.7K | 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 | 2023-06-10 | M | A | 24,331 | $0.00 | 302,155 | D | — | — | |
| 2 | Derivative | Restricted Stock Units | 2023-06-10 | M | D | 24,331 | $0.00 | 0 | D | — · — to — | 24,331 Class A Common Stock | (F1) 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 service to the Issuer as of the applicable vesting date. (F2) The entire award fully vested on June 10, 2023. |
| 3 | Derivative | Deferred Restricted Stock Units | 2023-06-23 | A | A | 29,673 | $0.00 | 29,673 | D | — · — to — | 29,673 Class A Common Stock | (F1) 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 service to the Issuer as of the applicable vesting date. (F5) On the vesting date, pursuant to the reporting person's election, the restricted stock units will automatically convert into an equal number of deferred stock units, which will be settled for an equal number of shares of the Issuer's Class A Common Stock on the fifth anniversary of the grant date. Notwithstanding the aforementioned deferral period, from and after the vesting date, the deferred stock units may automatically settle earlier upon the reporting person's death, disability, or separation from service with the Issuer, or upon the occurrence of an "unforeseeable emergency," as that term is defined under the deferred compensation program. (F4) These restricted stock units do not expire; they either will vest on the vesting date or they will be cancelled prior to the vesting date in the event the reporting person ceases to provide services to the Issuer. |
| 4 | Derivative | Restricted Stock Units | 2023-06-23 | A | A | 29,674 | $0.00 | 29,674 | D | — · — to — | 29,674 Class A Common Stock | (F1) 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 service to the Issuer as of the applicable vesting date. (F3) The entire award will vest on the earlier of the: (i) one year anniversary of the grant date or (ii) date of the Issuer's 2024 annual stockholders' meeting. (F4) These restricted stock units do not expire; they either will vest on the vesting date or they will be cancelled prior to the vesting date in the event the reporting person ceases to provide services to the Issuer. |