AI assistant
Archer Aviation Inc. — Director's Dealing 2024
Aug 20, 2024
30890_dirs_2024-08-19_61b9345f-3d50-48c6-8a5e-dd14479e62e6.zip
Director's Dealing
Open in viewerOpens in your device viewer
SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Archer Aviation Inc. (ACHR)
CIK: 0001824502
Period of Report: 2024-08-15
Reporting Person: Perkins Tosha (N/A)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2024-08-15 | Class A Common Stock | M | 25000 | — | Acquired | 305305 | Direct |
| 2024-08-15 | Class A Common Stock | M | 32456 | — | Acquired | 337761 | Direct |
| 2024-08-15 | Class A Common Stock | M | 19797 | — | Acquired | 357558 | Direct |
| 2024-08-15 | Class A Common Stock | M | 5964 | — | Acquired | 363522 | Direct |
| 2024-08-19 | Class A Common Stock | F | 44575 | $3.7384 | Disposed | 318947 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2024-08-15 | Restricted Stock Units | $ | M | 25000 | Disposed | Class A Common Stock (25000) | Direct | |
| 2024-08-15 | Restricted Stock Units | $ | M | 32456 | Disposed | Class A Common Stock (32456) | Direct | |
| 2024-08-15 | Restricted Stock Units | $ | M | 19797 | Disposed | Class A Common Stock (19797) | Direct | |
| 2024-08-15 | Restricted Stock Units | $ | M | 5964 | Disposed | Class A Common Stock (5964) | Direct |
Footnotes
F1: Represents shares sold in satisfaction of the reporting person's tax liability arising as a result of the settlement of restricted stock units.
F2: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $3.655 to $3.865, 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.
F3: 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.
F4: The award vested or vests as to: (i) 1/3 of the total award on August 15, 2022; and (ii) 1/12 of the total award quarterly thereafter on November 15th, March 1st, May 15th, and August 15th.
F5: These restricted stock units do not expire; they either vest or are cancelled prior to the vesting date.
F6: The award vested or vests as to: (i) 1/4 of the total award on May 15, 2023; and (ii) 1/16 of the total award quarterly thereafter on August 15th, November 15th, March 1st, and May 15th.
F7: The award vested or vests as to 1/16 of the total award beginning on May 15, 2023 and quarterly thereafter on August 15th, November 15th, March 1st, and May 15th.
F8: The award vested or vests as to 1/16 of the total award beginning on May 15, 2024, and quarterly thereafter on August 15th, November 15th, March 1st, and May 15th.