4/A//SEC Filing
Goldstein Adam D 4/A
Accession 0001209191-21-057864
CIK 0001824502other
Filed
Sep 26, 8:00 PM ET
Accepted
Sep 27, 9:40 PM ET
Size
11.1 KB
Accession
0001209191-21-057864
Insider Transaction Report
Form 4/AAmended
Goldstein Adam D
DirectorChief Executive Officer
Transactions
- Purchase
Class A Common Stock
2021-09-16$10.00/sh+100,000$1,000,000→ 100,000 total(indirect: See footnote) - Other
Class B Common Stock
2021-09-16+9,161,653→ 9,161,653 total→ Class A Common Stock (9,161,653 underlying) - Other
Class B Common Stock
2021-09-16+27,756,278→ 27,756,278 total(indirect: See footnote)→ Class A Common Stock (27,756,278 underlying)
Footnotes (3)
- [F1]The shares are held by Capri Growth LLC. The Reporting Person is a managing member of Capri Growth LLC and has voting and dispositive power over the shares held by Capri Growth LLC.
- [F2]On September 16, 2021, pursuant to that certain Business Combination Agreement, as amended and restated on July 29, 2021, by and among the Issuer, Artemis Acquisition Sub Inc. ("Merger Sub") and Archer Aviation Inc. ("Legacy Archer"), Merger Sub merged with and into Legacy Archer with Legacy Archer surviving as a wholly owned subsidiary of the Issuer (the "Merger"). Upon consummation of the Merger (the "Effective Time"), each issued and outstanding share of common stock of Legacy Archer was canceled and converted into approximately 1.00656519 shares of Class B common stock of the Issuer.
- [F3]Prior to the Merger, the Reporting Person was granted restricted stock units (the "Founder Grant"), which, as a result of the Merger, are convertible into 20,009,224 shares of Class B Common Stock. Twenty-five percent of the shares subject to the Founder Grant vest upon the achievement of the earliest to occur of (i) the achievement of certain milestones relating to the Issuer's stock price or (ii) the achievement of certain performance-based milestones, in each case over the seven year period following September 16, 2021. 25% of the Founder Grant vested and 5,002,306 shares of Class B Common Stock were issued to the Reporting Person.
Documents
Issuer
Archer Aviation Inc.
CIK 0001824502
Entity typeother
Related Parties
1- filerCIK 0001882604
Filing Metadata
- Form type
- 4/A
- Filed
- Sep 26, 8:00 PM ET
- Accepted
- Sep 27, 9:40 PM ET
- Size
- 11.1 KB