Thomas Paul Muniz - Aug 18, 2023 Form 4 Insider Report for Archer Aviation Inc. (ACHR)

Role
Chief Operating Officer
Signature
/s/ Andy Missan, Attorney-in-Fact for Thomas Paul Muniz
Stock symbol
ACHR
Transactions as of
Aug 18, 2023
Transactions value $
-$643,979
Form type
4
Date filed
8/22/2023, 05:43 PM
Previous filing
Aug 17, 2023
Next filing
Nov 17, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ACHR Class A Common Stock Tax liability -$8.98K -1.42K -0.11% $6.34 1.26M Aug 18, 2023 Direct F1, F2
transaction ACHR Class A Common Stock Sale -$612K -85K -6.76% $7.20 1.17M Aug 21, 2023 Direct F3
transaction ACHR Class A Common Stock Tax liability -$23K -3.29K -0.28% $7.00 1.17M Aug 21, 2023 Direct F1, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Represents shares sold in satisfaction of the reporting person's tax liability arising as a result of the settlement of restricted stock units.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $6.085 to $6.79, 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 sold at each separate price within the range set forth in this footnote and in footnote 4 of this Form 4.
F3 This transaction was effected pursuant to a Rule 10b5-1 plan adopted by the reporting person on September 13, 2022.
F4 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $6.44 to $7.41, inclusive.