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Filing Details

Accession Number:: 0001209191-22-051182
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2022-09-23 19:57:24
Reporting Period:: 2022-09-22

Accepted Time:: 2022-09-23 19:57:24
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1824502	Archer Aviation Inc.	ACHR	()	4

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1645079	Andy Missan	C/O Archer Aviation Inc. 190 West Tasman Drive San Jose CA 95134	Chief Legal Off. & Secretary	No	Yes	No	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
Class A Common Stock	Acquisiton	2022-09-22	250,000	$0.00	250,000	No	4	M	Direct
Class A Common Stock	Disposition	2022-09-23	94,389	$2.75	155,611	No	4	F	Direct
Class A Common Stock	Disposition	2022-09-23	50,000	$2.78	105,611	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	M	Direct
No	4	F	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	Restricted Stock Units	Acquisiton	2022-09-22	250,000	$0.00	250,000	$0.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
750,000			No	4	M	Direct

Footnotes

No consideration was paid by the reporting person to the issuer for the vested shares. However, settlement of the restricted stock units for shares was deferred, pursuant to the award agreement between the issuer and the reporting person, until the date on which an issuer-mandated sale of shares may be executed to cover the reporting person's tax obligations in respect of the vesting event.
Represents shares sold in satisfaction of the reporting person's tax liability arising as a result of the settlement of restricted stock units.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $2.7015 to $2.85, inclusive. The reporting person undertakes to provide to Archer Aviation Inc., any security holder of Archer Aviation Inc., or the staff of the U.S. Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in footnotes 3 and 5 of this Form 4.
This transaction was entered into pursuant to a Rule 10b5-1 plan adopted by the reporting person on June 10, 2022.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $2.71 to $2.86, inclusive.
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 status as a service provider to the issuer.
The reported transaction represents the settlement of restricted stock units which vested on August 15, 2022 but for which settlement was deferred, pursuant to the award agreement between the issuer and the reporting person, until the date on which an issuer-mandated sale of shares may be executed to cover the reporting person's tax obligations in respect of the vesting event.
The award vests as to: (i) 1/4 of the total award on August 15, 2022; and (ii) 1/16 of the total award quarterly thereafter on each November 15th, March 1st, May 15th, and August 15th.
These restricted stock units do not expire; they either vest or are cancelled prior to the vesting date.