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Filing Details

Accession Number:: 0001104659-23-071675
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2023-06-15 17:15:04
Reporting Period:: 2023-06-13

Accepted Time:: 2023-06-15 17:15:04
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	No	Yes

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Class A Common Stock	Acquisiton	2023-06-13	1,236,698	$0.00	1,236,698	No	4	C	Indirect	See Footnote
Class A Common Stock	Disposition	2023-06-13	1,236,698	$4.36	0	No	4	S	Indirect	See Footnote
Class A Common Stock	Acquisiton	2023-06-14	825,420	$0.00	825,420	No	4	C	Indirect	See Footnote
Class A Common Stock	Disposition	2023-06-14	825,420	$4.67	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
No	4	C	Indirect	See Footnote
No	4	S	Indirect	See Footnote

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Class A Common Stock	Class B Common Stock	Disposition	2023-06-13	1,236,698	$0.00	1,236,698	$0.00
Class A Common Stock	Class B Common Stock	Disposition	2023-06-14	825,420	$0.00	825,420	$0.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
14,258,795			No	4	C	Indirect
13,433,375			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

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 less than 10.0% of the aggregate number of shares of Class B common stock and Class A common stock outstanding.
On June 13, 2023, the reporting persons directed the sale of 1,236,698 shares of the Issuer's Class B common stock, resulting in the automatic conversion of the shares into 1,236,698 shares of the Issuer's Class A common stock.
On June 14, 2023, the reporting persons directed the sale of 825,420 shares of the Issuer's Class B common stock, resulting in the automatic conversion of the shares into 825,420 shares of the Issuer's Class A common stock.
Weighted average price. These shares were sold in multiple transactions at prices ranging from $4.1000 to $4.5650 inclusive. The reporting persons undertake to provide the Issuer, any security holder of the Issuer, or the staff of the Securities Exchange Commission (the "SEC"), upon request, full information regarding the shares sold at each separate price within the range set forth in this footnote (4) to this Form 4.
Weighted average price. These shares were sold in multiple transactions at prices ranging from $4.6000 to $4.7900 inclusive. The reporting persons undertake to provide the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the shares sold at each separate price within the range set forth in this footnote (5) to this Form 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.