Spellacy Michael 4
4 · Archer Aviation Inc. · Filed Jun 30, 2026
Research Summary
AI-generated summary of this filing
Archer (ACHR) Director Michael Spellacy Receives 19,102 Shares
What Happened
Michael Spellacy, a director of Archer Aviation (ACHR), converted/exercised derivative awards into 19,102 shares of Class A common stock on June 26, 2026. The transaction shows 19,102 shares acquired at $0.00 and a corresponding derivative disposal entry for 19,102 shares at $0.00, indicating conversion/vesting of restricted stock units (no cash exchanged).
Key Details
- Transaction date: 2026-06-26; filing date: 2026-06-30 (timely within the Form 4 reporting window).
- Shares: 19,102 shares acquired via conversion/exercise; price reported $0.00 (no cash paid).
- Shares owned after transaction: Not specified in this Form 4.
- Footnotes:
- F1: Reporting person holds securities indirectly through Achill Holdings LLC (he is sole managing member).
- F2–F4: The entry reflects restricted stock units (RSUs) that convert to one share each upon vesting; the award vested per the vesting schedule (vested in full on the earlier of one-year anniversary or the issuer's 2026 annual meeting) and RSUs do not expire.
- Transaction code: M (exercise/conversion of derivative security). No sale/market disposition of the underlying shares was reported.
Context
This was a non-cash conversion/vesting of RSUs into common stock, not an open-market purchase or sale—so it does not by itself indicate a buy or sell signal. The derivative-disposed line simply reflects that the derivative instrument (the RSU) ceased to exist once converted to shares. The filing does not show any immediate sale of the resulting shares.
Insider Transaction Report
- Exercise/Conversion
Class A Common Stock
2026-06-26+19,102→ 73,746 total - Exercise/Conversion
Restricted Stock Units
[F2][F3][F4]2026-06-26−19,102→ 0 total→ Class A Common Stock (19,102 underlying)
- 1,162,183(indirect: By LLC)
Class A Common Stock
[F1]
Footnotes (4)
- [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 on the applicable vesting date.
- [F3]The entire award vested or vests on the earlier of the: (i) one year anniversary of the grant date or (ii) date of the Issuer's 2026 annual stockholders' meeting.
- [F4]These restricted stock units do not expire; they either vest or are cancelled prior to the vesting date.