4//SEC Filing
MISSAN ANDY 4
Accession 0001209191-23-055935
CIK 0001824502other
Filed
Nov 16, 7:00 PM ET
Accepted
Nov 17, 9:03 PM ET
Size
15.3 KB
Accession
0001209191-23-055935
Insider Transaction Report
Form 4
MISSAN ANDY
Chief Legal Officer
Transactions
- Exercise/Conversion
Class A Common Stock
2023-11-15+22,625→ 327,804 total - Exercise/Conversion
Restricted Stock Units
2023-11-15−22,625→ 294,118 total→ Class A Common Stock (22,625 underlying) - Tax Payment
Class A Common Stock
2023-11-16$6.22/sh−33,742$209,764→ 294,062 total - Exercise/Conversion
Restricted Stock Units
2023-11-15−62,500→ 437,500 total→ Class A Common Stock (62,500 underlying) - Sale
Class A Common Stock
2023-11-17$6.39/sh−12,500$79,875→ 281,562 total - Exercise/Conversion
Class A Common Stock
2023-11-15+62,500→ 305,179 total
Footnotes (7)
- [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 $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.
- [F3]This transaction was effected pursuant to a Rule 10b5-1 plan adopted by the reporting person on March 20, 2023.
- [F4]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.
- [F5]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.
- [F6]These restricted stock units do not expire; they either vest or are cancelled prior to the vesting date.
- [F7]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.
Documents
Issuer
Archer Aviation Inc.
CIK 0001824502
Entity typeother
Related Parties
1- filerCIK 0001645079
Filing Metadata
- Form type
- 4
- Filed
- Nov 16, 7:00 PM ET
- Accepted
- Nov 17, 9:03 PM ET
- Size
- 15.3 KB