Filing Details

Accession Number:
0001104659-23-066122
Form Type:
4
Zero Holdings:
No
Publication Time:
2023-05-30 16:53:49
Reporting Period:
2023-05-26
Accepted Time:
2023-05-30 16:53:49
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1824502 Archer Aviation Inc. ACHR Aircraft (3721) 852730902
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1882416 Brett Adcock C/O Steven Stokdyk, Latham &Amp; Watkins Llp
10250 Constellation Blvd., Suite 1100
Los Angeles CA 90067
No No Yes No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Class A Common Stock Acquisiton 2023-05-26 474,400 $0.00 474,400 No 4 C Indirect See Footnote
Class A Common Stock Disposition 2023-05-26 474,400 $3.05 0 No 4 S Indirect See Footnote
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 C Indirect See Footnote
No 4 S Indirect See Footnote
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Class A Common Stock Class B Common Stock Disposition 2023-05-26 474,400 $0.00 474,400 $0.00
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
20,283,717 No 4 C Indirect
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Class A Common Stock 4,159,347 Direct
Footnotes
  1. Each share of the Issuer's Class B common stock is convertible into one share of the Issuer's Class A common stock at any time and will convert automatically upon certain transfers, whether or not for value, or upon the earliest to occur of: (i)September 16, 2031; (ii) the date specified in writing by the holders of two-thirds of the then outstanding shares of Class B common stock; and (iii) the date as of which the number of outstanding shares of Class B common stock represents lessthan 10.0% of the aggregate number of shares of Class B common stock and Class A common stock outstanding.
  2. On May 26, 2023, the reporting persons directed the sale of 474,400 shares of the Issuer's Class B common stock, resulting in the automatic conversion of the shares into 474,400 shares of the Issuer's Class A common stock.
  3. Weighted average price. These shares were sold in multiple transactions at prices ranging from $2.9500 to $3.1250 inclusive. The reporting persons undertake to provide the Issuer, any security holder of the Issuer, or the staff of the SecuritiesExchange Commission, upon request, full information regarding the shares sold at each separate price within the range set forth in this footnote (3) to this Form 4.
  4. The shares are held by Hight Drive Growth LLC ("Hight Drive"). Mr. Adcock is the sole managing member of Hight Drive and, as such, has voting and investment discretion with respect to the securities held directly by it.