Filing Details
- Accession Number:
- 0001209191-23-055935
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2023-11-17 21:03:34
- Reporting Period:
- 2023-11-15
- Accepted Time:
- 2023-11-17 21:03:34
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 1824502 | Archer Aviation Inc. | ACHR | () | 4 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1645079 | Andy Missan | C/O Archer Aviation Inc. 190 West Tasman Drive San Jose CA 95134 | Chief Legal Off. & Secretary | No | Yes | No | 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 | 2023-11-15 | 62,500 | $0.00 | 305,179 | No | 4 | M | Direct | |
| Class A Common Stock | Acquisiton | 2023-11-15 | 22,625 | $0.00 | 327,804 | No | 4 | M | Direct | |
| Class A Common Stock | Disposition | 2023-11-16 | 33,742 | $6.22 | 294,062 | No | 4 | F | Direct | |
| Class A Common Stock | Disposition | 2023-11-17 | 12,500 | $6.39 | 281,562 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | M | Direct | |
| No | 4 | M | Direct | |
| No | 4 | F | Direct | |
| No | 4 | S | Direct |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Class A Common Stock | Restricted Stock Units | Disposition | 2023-11-15 | 62,500 | $0.00 | 62,500 | $0.00 |
| Class A Common Stock | Restricted Stock Units | Disposition | 2023-11-15 | 22,625 | $0.00 | 22,625 | $0.00 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 437,500 | No | 4 | M | Direct | ||
| 294,118 | No | 4 | M | Direct |
Footnotes
- Represents shares sold in satisfaction of the reporting person's tax liability arising as a result of the settlement of restricted stock units.
- The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $6.105 to $6.405, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the U.S. Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- This transaction was effected pursuant to a Rule 10b5-1 plan adopted by the reporting person on March 20, 2023.
- 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.
- 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.
- These restricted stock units do not expire; they either vest or are cancelled prior to the vesting date.
- This award vested or vests as to 1/16th of the total award quarterly on May 15, 2023 and thereafter on each of August 15th, November 15th, March 1st and May 15th.
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