Lu Ben 4
4 · Archer Aviation Inc. · Filed Dec 10, 2021
Insider Transaction Report
Form 4
Lu Ben
Chief Financial Officer
Transactions
- Award
Restricted Stock Units
2021-12-08+600,000→ 600,000 total→ Class A Common Stock (600,000 underlying)
Footnotes (3)
- [F1]Each restricted stock unit represents a contingent right to receive one share of the issuer's Class A Common Stock, subject to the reporting person's continued status as a service provider to the issuer.
- [F2]The award vests as to: (i) 1/3 of the total award on August 15, 2022; and (ii) 1/12 of the total award quarterly thereafter on each November 15th, March 1st, May 15th, and August 15th.
- [F3]These restricted stock units do not expire; they either vest or are cancelled prior to the vesting date.