Spellacy Michael 4
4 · Archer Aviation Inc. · Filed Jun 26, 2023
Insider Transaction Report
Form 4
Spellacy Michael
Director
Transactions
- Exercise/Conversion
Class A Common Stock
2023-06-10+48,661→ 195,166 total - Exercise/Conversion
Restricted Stock Units
2023-06-10−48,661→ 0 total→ Class A Common Stock (48,661 underlying) - Award
Restricted Stock Units
2023-06-23+59,347→ 59,347 total→ Class A Common Stock (59,347 underlying)
Holdings
- 1,694,906(indirect: By LLC)
Class A Common Stock
Footnotes (5)
- [F1]The reporting person owns the securities indirectly through Achill Holdings LLC, of which he is the sole managing member.
- [F2]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 service to the Issuer as of the applicable vesting date.
- [F3]The entire award fully vested on June 10, 2023.
- [F4]All of the restricted stock units vest on the earlier of the: (i) one year anniversary of the grant date or (ii) date of the Issuer's 2024 annual stockholders' meeting.
- [F5]These restricted stock units do not expire. They either vest or are canceled should the reporting person cease to provide services to the Issuer prior to the vesting date.