Diaz Fred M 4

What Happened
Fred M. Diaz, a director of Archer Aviation (ACHR), on 2026-06-26 converted/exercised 19,102 derivative units (code M) at $0.00 and was granted 40,983 restricted stock units (RSUs) (code A) at $0.00. The filing shows no cash paid or received for these transactions — they reflect a conversion/award rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-06-26; Form 4 filed 2026-06-30 (filed within the standard reporting window).
• Transactions reported:
  • Exercise/conversion of derivative (M): 19,102 shares acquired @ $0.00; same 19,102 derivative units marked disposed (derivative reporting).
  • Grant/award (A): 40,983 RSUs acquired @ $0.00.
• Cash/value: $0 reported for each transaction (these are non-cash compensation/convertible units).
• Shares owned after transaction: Not specified in the provided excerpt of the filing.
• Footnote highlights: RSUs represent a contingent right to one share on vesting; vesting schedules cited include vesting on the earlier of one-year anniversary or the issuer’s 2026 or 2027 annual meeting; some RSUs convert into deferred stock units that settle for shares on the 10th anniversary (with earlier settlement possible on death, disability, separation, or unforeseeable emergency); deferred units do not expire.

Context
These entries are compensation/derivative conversions (not open-market buys or sales). RSU grants and conversions are common for directors and reflect company compensation or vesting mechanics rather than an immediate market-direction signal. For investors, such non-cash awards indicate director equity alignment but do not show an out-of-pocket purchase that might be interpreted as a direct bullish vote.