Thomas Paul Muniz - Sep 16, 2021 Form 4 Insider Report for Archer Aviation Inc. (ACHR)

Role
Chief Operating Officer
Signature
/s/ Andy Missan, Attorney-in-fact
Stock symbol
ACHR
Transactions as of
Sep 16, 2021
Transactions value $
$0
Form type
4
Date filed
9/20/2021, 09:19 PM
Next filing
Dec 10, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ACHR Class A Common Stock Conversion of derivative security +1.55M 1.55M Sep 16, 2021 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction ACHR Class B Common Stock Other $0 +1.55M $0.00 1.55M Sep 16, 2021 Class A Common Stock 1.55M Direct F2
transaction ACHR Class B Common Stock Conversion of derivative security $0 -1.55M -100% $0.00* 0 Sep 16, 2021 Class A Common Stock 1.55M Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 In connection with the Merger, the reporting person elected to convert all of the Class B common stock issuable to such reporting issuer to Class A common stock.
F2 On September 16, 2021, pursuant to that certain Business Combination Agreement, as amended and restated on July 29, 2021, by and among the Issuer, Artemis Acquisition Sub Inc. ("Merger Sub") and Archer Aviation Inc. ("Legacy Archer"), Merger Sub merged with and into Legacy Archer with Legacy Archer surviving as a wholly owned subsidiary of the Issuer (the "Merger"). Upon consummation of the Merger (the "Effective Time"), each issued and outstanding share of common stock of Legacy Archer was canceled and converted into approximately 1.00656519 shares of Class B common stock of the Issuer.