Filing Details
- Accession Number:
- 0001104659-22-118677
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2022-11-14 16:45:09
- Reporting Period:
- 2022-11-10
- Accepted Time:
- 2022-11-14 16:45:09
- 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 |
---|---|---|---|---|---|---|---|
1882416 | Brett Adcock | C/O Steven Stokdyk, Latham &Amp; Watkins Llp 10250 Constellation Blvd., Suite 1100 Los Angeles CA 90067 | No | No | Yes | No |
Reported Non-Derivative Transactions
Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
---|---|---|---|---|---|---|---|---|---|---|
Class A Common Stock | Acquisiton | 2022-11-10 | 90,000 | $0.00 | 90,000 | No | 4 | C | Indirect | See Footnote |
Class A Common Stock | Disposition | 2022-11-10 | 90,000 | $2.76 | 0 | No | 4 | S | Indirect | See Footnote |
Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
---|---|---|---|---|
No | 4 | C | Indirect | See Footnote |
No | 4 | S | Indirect | See Footnote |
Reported Derivative Transactions
Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
---|---|---|---|---|---|---|---|
Class A Common Stock | Class B Common Stock | Disposition | 2022-11-10 | 90,000 | $0.00 | 90,000 | $0.00 |
Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
---|---|---|---|---|---|---|
25,919,958 | No | 4 | C | Indirect |
Reported Derivative Holdings
Sec. Name | Sec. Type | Price | Date | Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
---|---|---|---|---|---|---|---|
Class A Common Stock | Class B Common Stock | $0.00 | 4,159,347 | 4,159,347 | Direct |
Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
---|---|---|---|
4,159,347 | 4,159,347 | Direct |
Footnotes
- Each share of the Issuer's Class B common stock is convertible into one share of the Issuer's Class A common stock at any time and will convert automatically upon certain transfers, whether or not for value, or upon the earliest to occur of: (i) September 16, 2031; (ii) the date specified in writing by the holders of two-thirds of the then outstanding shares of Class B common stock; and (iii) the date as of which the number of outstanding shares of Class B common stock represents less than 10.0% of the aggregate number of shares of Class B common stock and Class A common stock outstanding.
- On November 10, 2022, the reporting persons directed the sale of 90,000 shares of the Issuer's Class B common stock, resulting in the automatic conversion of the shares into 90,000 shares of the Issuer's Class A common stock.
- Weighted average price. These shares were sold in multiple transactions at prices ranging from $2.7000 to $2.7900 inclusive. The reporting persons undertake to provide the Issuer, any security holder of the Issuer, or the staff of the Securities Exchange Commission, upon request, full information regarding the shares sold at each separate price within the range set forth in this footnote (3) to this From 4.
- The shares are held by Hight Drive Growth LLC ("Hight Drive"). Mr. Adcock is the sole managing member of Hight Drive and, as such, has voting and investment discretion with respect to the securities held directly by it.