Form 4: Archer Aviation Director Michael Spellacy Increases Direct Stake Through RSU Vesting

Archer Aviation Inc. Director Michael Spellacy has acquired 54,644 shares of Class A Common Stock through the vesting of restricted stock units, increasing his direct beneficial ownership.

Summary

• Michael Spellacy, a Director of Archer Aviation Inc. (ACHR), acquired 54,644 shares of Class A Common Stock.
• The acquisition occurred on June 21, 2025, through the exercise or conversion of derivative securities (Restricted Stock Units or RSUs).
• The conversion price for these RSUs was $0.
• Following this transaction, Mr. Spellacy directly beneficially owns 54,644 shares of Class A Common Stock.
• Additionally, Mr. Spellacy indirectly owns 1,162,183 shares of Class A Common Stock through Achill Holdings LLC, where he is the sole managing member.
• Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock, subject to Mr. Spellacy's continued service to Archer Aviation Inc. as of the applicable vesting date.
• The entire award of RSUs vested on the earlier of the one-year anniversary of the grant date or the date of the Issuer's 2025 annual stockholders' meeting.

Sentiment

Score: 7

Explanation: The acquisition of shares by a director, even through RSU vesting, is generally viewed positively as it increases their stake and aligns their interests with shareholders, indicating continued commitment to the company.

Positives

• Director Michael Spellacy has increased his direct beneficial ownership in Archer Aviation Inc., which can signal confidence in the company's future prospects and aligns his interests with those of shareholders.

Future Outlook

The document indicates that the Restricted Stock Units vested on the earlier of the one-year anniversary of the grant date or the date of the Issuer's 2025 annual stockholders' meeting, implying future service is a condition for vesting.

Industry Context

This Form 4 filing details a routine insider transaction for Archer Aviation Inc., an aerospace company focused on electric vertical takeoff and landing (eVTOL) aircraft. Such transactions are common for directors and executives as part of their compensation and equity incentive plans.

Related Party Transactions

• The acquisition of 54,644 shares of Class A Common Stock by Director Michael Spellacy through the vesting of Restricted Stock Units is a related party transaction between the company and its director.

Stakeholder Impact

• Shareholders: The transaction increases a director's direct ownership, potentially signaling confidence and aligning management interests with shareholder value.

Next Steps

• The Restricted Stock Units were subject to the reporting person's continued service to the Issuer as of the applicable vesting date, which was the earlier of the one-year anniversary of the grant date or the date of the Issuer's 2025 annual stockholders' meeting.

Key Dates

Keywords

Archer Aviation, ACHR, Michael Spellacy, Director, SEC Form 4, Insider Transaction, Stock Acquisition, Restricted Stock Units, RSU Vesting, Class A Common Stock, Beneficial Ownership