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Filing Details

Accession Number:: 0001209191-22-039658
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2022-06-28 17:58:34
Reporting Period:: 2022-06-24

Accepted Time:: 2022-06-28 17:58:34
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1824502	Archer Aviation Inc.	ACHR	Aircraft (3721)	852730902

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1882604	D Adam Goldstein	C/O Archer Aviation Inc. 190 West Tasman Drive San Jose CA 95134	Chief Executive Officer	Yes	Yes	Yes	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Class A Common Stock	Acquisiton	2022-06-24	2,700,000	$0.00	2,700,000	No	4	C	Direct
Class A Common Stock	Disposition	2022-06-24	2,700,000	$4.08	0	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	C	Direct
No	4	S	Direct

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Class A Common Stock	Class B Common Stock	Disposition	2022-06-24	2,700,000	$0.00	2,700,000	$0.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
6,461,653			No	4	C	Direct

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Class A Common Stock	100,000	Indirect	By Capri Growth LLC

Reported Derivative Holdings

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Sec. Name	Sec. Type	Price	Date	Expiration Date	Amount	Remaning Holdings	Nature of Ownership
Class A Common Stock	Class B Common Stock	$0.00			27,756,278	27,756,278	Indirect

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
	27,756,278	27,756,278	Indirect

Footnotes

Each share of the Class B Common Stock of Archer Aviation Inc. (the "Issuer") 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.
This transaction was effected solely for the purpose of offsetting certain tax liabilities and other related costs incurred by the reporting person in connection with the previous settlement of 5,002,306 performance-based restricted stock units pursuant to the award (the "Founder Grant") granted to the reporting person immediately prior to the closing of the Issuer's business combination in September 2021. Mr. Goldstein does not currently intend to make future sales other than as may be necessary to cover future tax liability in connection with any future vesting of the remaining tranches of his Founder Grant. Following the sale, Mr. Goldstein still maintains beneficial ownership of an aggregate 34,317,931 million shares, representing approximately 40.4% of the voting power of the Issuer's common stock outstanding. This transaction was a broker-assisted sale, with the prior approval of the Issuer's Board of Directors.
The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $3.97 to $4.285, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the U.S. Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.
The shares are directly held by Capri Growth LLC, of which the reporting person is the sole managing member.
A holder's shares of the Issuer's Class B Common Stock convert automatically upon certain transfers. As a founder of the Issuer, the reporting person's shares will also convert automatically into Class A Common Stock upon the occurrence of certain events described in the Issuer's Amended and Restated Certificate of Incorporation.