4//SEC Filing
Goldstein Adam D 4
Accession 0001415889-24-027142
CIK 0001824502other
Filed
Nov 17, 7:00 PM ET
Accepted
Nov 18, 9:40 PM ET
Size
22.1 KB
Accession
0001415889-24-027142
Insider Transaction Report
Form 4
Goldstein Adam D
DirectorChief Executive Officer
Transactions
- Conversion
Class B Common Stock
2024-11-18−5,002,306→ 6,461,653 total→ Class A Common Stock (5,002,306 underlying) - Conversion
Class A Common Stock
2024-11-18+5,002,306→ 5,002,306 total - Exercise/Conversion
Performance Based Restricted Stock Units
2024-11-18−5,002,306→ 10,004,612 total→ Class B Common Stock (5,002,306 underlying) - Exercise/Conversion
Class B Common Stock
2024-11-18+5,002,306→ 11,463,959 total→ Class A Common Stock (5,002,306 underlying)
Holdings
- 139,526(indirect: By LLC)
Class A Common Stock
- 27,756,278(indirect: By LLC)
Class B Common Stock
→ Class A Common Stock (27,756,278 underlying)
Footnotes (6)
- [F1]Each share of Class B Common Stock is convertible into one share of the issuer's Class A Common Stock at any time, at the election of the holder or automatically upon certain transfers, whether or not for value.
- [F2]The shares are directly held by Capri Growth LLC, of which the reporting person is the sole managing member.
- [F3]Each performance-based restricted stock unit represents a contingent right to receive one share of the issuer's Class B Common Stock upon the achievement of certain performance criteria and pursuant to the terms of the reporting person's agreement with the issuer.
- [F4]On September 16, 2021, the reporting person was granted a performance-based restricted stock unit award consisting of 20,009,224 restricted stock units (the "Founder PRSU Award"). Pursuant to the reporting person's agreement with the issuer, the Founder PRSU Award may vest in four equal tranches, with the vesting and settlement of each tranche being contingent upon both the achievement of pre-determined performance milestones and the reporting person establishing a mutually acceptable arrangement to satisfy tax liabilities associated with the settlement thereof. The reported transaction represents the vesting and settlement of the second tranche of the Founder PRSU Award upon the satisfaction of both the aforementioned requirements.
- [F5]The remaining tranches of the Founder PRSU Award may expire if the relevant performance criteria are not achieved by September 16, 2028.
- [F6]A holder's shares of Class B Common Stock convert automatically upon certain transfers and are subject to mandatory conversion into Class A Common Stock upon the occurrence of certain events described in the issuer's Amended and Restated Certificate of Incorporation.
Documents
Issuer
Archer Aviation Inc.
CIK 0001824502
Entity typeother
Related Parties
1- filerCIK 0001882604
Filing Metadata
- Form type
- 4
- Filed
- Nov 17, 7:00 PM ET
- Accepted
- Nov 18, 9:40 PM ET
- Size
- 22.1 KB