Summary by Moomoo AI
On November 18, 2024, Adam Goldstein, the sole managing member of Capri Growth LLC, reported an increase in his beneficial ownership of Archer Aviation Inc. through a filing with the U.S. Securities and Exchange Commission. The filing, an amendment to Schedule 13D, detailed the acquisition of 5,002,306 shares of Class B Common Stock by Goldstein, which were immediately converted to Class A Common Stock. This transaction was part of the vesting and settlement of performance-based restricted stock units (PRSUs) tied to the achievement of performance criteria for Tranche 2 of Goldstein's Founder Grant. The filing also indicated that Goldstein may be required to sell shares in the future to satisfy tax liabilities associated with the vesting of the Founder Grant. As of the filing date, Goldstein and Capri Growth LLC collectively hold 39,359,763 shares of Archer Aviation, representing 9.3% of the company's outstanding Class A Common Stock. The filing underscores Goldstein's long-term investment strategy and potential future transactions to manage tax liabilities.
