Spellacy Michael 4

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.