Archer Aviation Inc.

11/18/2024 | Press release | Distributed by Public on 11/18/2024 20:40

Statement of Changes in Beneficial Ownership - Form 4

Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
Goldstein Adam D
2. Issuer Name and Ticker or Trading Symbol
Archer Aviation Inc. [ACHR]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director __X__ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Chief Executive Officer
(Last) (First) (Middle)
C/O ARCHER AVIATION INC., 190 WEST TASMAN DRIVE
3. Date of Earliest Transaction (Month/Day/Year)
11/18/2024
(Street)
SAN JOSE, CA 95134
4. If Amendment, Date Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Class A Common Stock 11/18/2024 C 5,002,306 A (1) 5,002,306 D
Class A Common Stock 139,526 I By Capri Growth LLC(2)
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. SEC 1474 (9-02)
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(Month/Day/Year)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Performance Based Restricted Stock Units (3) 11/18/2024 M 5,002,306 (4) (5) Class B Common Stock 5,002,306 $ 0 10,004,612 D
Class B Common Stock (1) 11/18/2024 M 5,002,306 (1) (6) Class A Common Stock 5,002,306 $ 0 (1) 11,463,959 D
Class B Common Stock (1) 11/18/2024 C 5,002,306 (1) (6) Class A Common Stock 5,002,306 $ 0 (1) 6,461,653 D
Class B Common Stock (1) (1) (6) Class A Common Stock 27,756,278 27,756,278 I By Capri Growth LLC(2)

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Goldstein Adam D
C/O ARCHER AVIATION INC.
190 WEST TASMAN DRIVE
SAN JOSE, CA 95134
X X Chief Executive Officer

Signatures

/s/ Eric Lentell, Attorney-in-Fact for Adam D. Goldstein 11/18/2024
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) Each share of Class B Common Stock 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.
(2) The shares are directly held by Capri Growth LLC, of which the reporting person is the sole managing member.
(3) Each performance-based restricted stock unit represents a contingent right to receive one share of the issuer's Class B Common Stock upon the achievement of certain performance criteria and pursuant to the terms of the reporting person's agreement with the issuer.
(4) On September 16, 2021, the reporting person was granted a performance-based restricted stock unit award consisting of 20,009,224 restricted stock units (the "Founder PRSU Award"). Pursuant to the reporting person's agreement with the issuer, the Founder PRSU Award may vest in four equal tranches, with the vesting and settlement of each tranche being contingent upon both the achievement of pre-determined performance milestones and the reporting person establishing a mutually acceptable arrangement to satisfy tax liabilities associated with the settlement thereof. The reported transaction represents the vesting and settlement of the second tranche of the Founder PRSU Award upon the satisfaction of both the aforementioned requirements.
(5) The remaining tranches of the Founder PRSU Award may expire if the relevant performance criteria are not achieved by September 16, 2028.
(6) A holder's shares of Class B Common Stock convert automatically upon certain transfers and are subject to mandatory conversion into Class A Common Stock upon the occurrence of certain events described in the issuer's Amended and Restated Certificate of Incorporation.
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number.