04/22/2026 | Press release | Distributed by Public on 04/22/2026 18:03
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FORM 4
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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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| 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) | ||
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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) |
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| Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
| Reporting Owner Name / Address | Relationships | |||
| Director | 10% Owner | Officer | Other | |
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Muniz Thomas Paul C/O ARCHER AVIATION INC. 190 WEST TASMAN DRIVE SAN JOSE, CA 95134 |
CHIEF TECHNOLOGY OFFICER | |||
| /s/ Eric Lentell, Attorney-in-Fact for Thomas Paul Muniz | 04/22/2026 | |
| **Signature of Reporting Person | Date |
| * | 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) | The reported transaction represents the vesting of the second of three tranches of a March 26, 2024 performance-based restricted stock unit award granted to the reporting person by the Issuer's compensation committee, which vests based on the achievement of a relative total stockholder return over a defined performance period (the "2024 Performance Award") and is subject to the reporting person's continued service through the vesting date. |
| (2) | On April 20, 2026 (the "Certification Date"), the Issuer's compensation committee certified achievement of the vesting criteria of the second tranche of the 2024 Performance Award, resulting in one-third of the 2024 Performance Award vesting at 164.87% of the target amount granted for the two-year performance period beginning on March 26, 2024 and ending on March 26, 2026. The performance restricted stock units comprising the second tranche of the 2024 Performance Award will be settled for shares of the Issuer's Class A common stock shortly following the Certification Date. |