0001104659-23-070858.txt : 20230613
0001104659-23-070858.hdr.sgml : 20230613
20230613165602
ACCESSION NUMBER: 0001104659-23-070858
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20230609
FILED AS OF DATE: 20230613
DATE AS OF CHANGE: 20230613
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Adcock Brett
CENTRAL INDEX KEY: 0001882416
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-39668
FILM NUMBER: 231011973
MAIL ADDRESS:
STREET 1: C/O ARCHER AVIATION INC.
STREET 2: 1880 EMBARCADERO ROAD
CITY: PALO ALTO
STATE: CA
ZIP: 94303
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: Archer Aviation Inc.
CENTRAL INDEX KEY: 0001824502
STANDARD INDUSTRIAL CLASSIFICATION: AIRCRAFT [3721]
IRS NUMBER: 852730902
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 190 WEST TASMAN DRIVE
CITY: SAN JOSE
STATE: CA
ZIP: 95134
BUSINESS PHONE: 650-272-3233
MAIL ADDRESS:
STREET 1: 190 WEST TASMAN DRIVE
CITY: SAN JOSE
STATE: CA
ZIP: 95134
FORMER COMPANY:
FORMER CONFORMED NAME: Atlas Crest Investment Corp.
DATE OF NAME CHANGE: 20200911
4
1
tm2318034-3_4seq1.xml
OWNERSHIP DOCUMENT
X0407
4
2023-06-09
0
0001824502
Archer Aviation Inc.
ACHR
0001882416
Adcock Brett
C/O STEVEN STOKDYK, LATHAM & WATKINS LLP
10250 CONSTELLATION BLVD., SUITE 1100
LOS ANGELES
CA
90067
0
0
1
0
0
Class A Common Stock
2023-06-09
4
C
0
1000000
A
1000000
I
See Footnote
Class A Common Stock
2023-06-09
4
S
0
1000000
3.3085
D
0
I
See Footnote
Class A Common Stock
2023-06-12
4
C
0
1000000
A
1000000
I
See Footnote
Class A Common Stock
2023-06-12
4
S
0
1000000
3.6787
D
0
I
See Footnote
Class A Common Stock
4159347
D
Class B Common Stock
2023-06-09
4
C
0
1000000
0.00
D
Class A Common Stock
1000000
16495493
I
See Footnote
Class B Common Stock
2023-06-12
4
C
0
1000000
0.00
D
Class A Common Stock
1000000
15495493
I
See Footnote
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 June 9, 2023, the reporting persons directed the sale of 1,000,000 shares of the Issuer's Class B common stock, resulting in the automatic conversion of the shares into 1,000,000 shares of the Issuer's Class A common stock.
On June 12, 2023, the reporting persons directed the sale of 1,000,000 shares of the Issuer's Class B common stock, resulting in the automatic conversion of the shares into 1,000,000 shares of the Issuer's Class A common stock.
Weighted average price. These shares were sold in multiple transactions at prices ranging from $3.2200 to $3.5100 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.
Weighted average price. These shares were sold in multiple transactions at prices ranging from $3.5000 to $3.8750 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.
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.
/s/ Brett Adcock
2023-06-13