Adcock Brett's Form 4 filing
Archer Aviation Inc. (ACHR) · filed Jan 17, 2023
- Accession no.
- 0001104659-23-004332
- Filed
- Jan 17, 2023
- Trade date
- Jan 12-13, 2023
- Filing delay
- 5 days
- Rule 10b5-1 plan
- Not on the form (before 2023)
This filing lists 4 non-derivative transactions and 2 derivative transactions. Open-market sales total $1.03M. It was filed 5 days after the trade.
Reporting owners
A Form 4 can have several reporting owners, such as a person and a fund they control. Trade tables show the first one.
| Owner | Relationship to the company |
|---|---|
| Adcock BrettCIK 0001882416 | 10% Owner |
Non-derivative securities (Table I)
Acquisitions and disposals of common stock and similar shares, one row per line on the filing.
| Trade date | Security | Transaction | Shares | Price | Value | Shares after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Jan 12, 2023 | Class A Common Stock | CConversionAcquired | +210,000 | –F2 | – | 210,000 | Indirect | |
| Jan 12, 2023 | Class A Common Stock | SSaleDisposed | −210,000 | $2.45F4 | −$514,500 | 0 | Indirect | |
| Jan 13, 2023 | Class A Common Stock | CConversionAcquired | +200,000 | –F3 | – | 200,000 | Indirect | |
| Jan 13, 2023 | Class A Common Stock | SSaleDisposed | −200,000 | $2.60F5 | −$520,000 | 0 | Indirect |
Derivative securities (Table II)
Options, warrants, restricted stock units and similar. Shares are the underlying shares; price and value are for the derivative itself, and the holding after is in derivative units.
| Trade date | Security | Transaction | Underlying shares | Unit price | Value | Held after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Jan 12, 2023 | Class A Common Stock | CConversionDisposed | −210,000 | $0.00 | $0 | 24,186,278 | Indirect | |
| Jan 13, 2023 | Class A Common Stock | CConversionDisposed | −200,000 | $0.00 | $0 | 23,986,278 | Indirect |
Footnotes and remarks
Livermore keeps the footnotes that transaction prices refer to, all footnotes of amendments (Form 4/A) and the filing's remarks. Other footnotes, such as how indirect holdings are held or the details of a trading plan, are only in the original on SEC EDGAR.
- F2
On January 12, 2023, the reporting persons directed the sale of 210,000 shares of the Issuer's Class B common stock, resulting in the automatic conversion of the shares into 210,000 shares of the Issuer's Class A common stock.
Referenced by the price of 1 transaction in Table I.
- F3
On January 13, 2023, the reporting persons directed the sale of 200,000 shares of the Issuer's Class B common stock, resulting in the automatic conversion of the shares into 200,000 shares of the Issuer's Class A common stock.
Referenced by the price of 1 transaction in Table I.
- F4
Weighted average price. These shares were sold in multiple transactions at prices ranging from $2.4000 to $2.5650 inclusive. The reporting persons undertake to provide the Issuer, any security holder of the Issuer, or the staff of the Securities Exchange Commission (the "SEC"), upon request, full information regarding the shares sold at each separate price within the range set forth in this footnote (4) to this Form 4.
Referenced by the price of 1 transaction in Table I.
- F5
Weighted average price. These shares were sold in multiple transactions at prices ranging from $2.5600 to $2.7000 inclusive. The reporting persons undertake to provide the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the shares sold at each separate price within the range set forth in this footnote (5) to this Form 4.
Referenced by the price of 1 transaction in Table I.