Home > Insider Trading > Filing (0001213900-21-048122)

Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1704760	American Virtual Cloud Technologies Inc.	AVCT	Services-Computer Integrated Systems Design (7373)	000000000

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1809679	Navigation Capital Partners Ii, L.p.	2870 Peachtree Rd. Nw, Unit 509 Atlanta GA 30305		No	No	Yes	No

Reported Non-Derivative Transactions

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Acquisiton	2021-09-10	2,429,561	$0.01	10,045,803	No	4	X	Direct
Common Stock	Disposition	2021-09-10	6,079	$4.00	10,039,724	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	X	Direct
No	4	S	Direct

Reported Derivative Transactions

Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Warrants	Disposition	2021-09-10	2,429,561	$0.00	2,429,561	$0.01

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
0			No	4	X	Direct

Footnotes

On September 10, 2021, the Reporting Person elected to exercise each of its 24,295 warrants (each such warrant entitling the holder thereof to purchase 100 shares of the Issuer's common stock, par value $0.001 per share (the "Common Stock") at a price of $0.01 per share), and paid the exercise price on a cashless basis, resulting in the Issuer's withholding of 6,079 of the warrant shares to pay the exercise price and issuing to the Reporting Person the remaining 2,423,482 shares of Common Stock. Each of the warrants were immediately exercisable and had expiration dates five years from the date of issuance (December 1, 2025, for 10,000 warrants and 79,900 warrants issued on December 1, 2020 and April 7, 2025, for 6,305 warrants issued on April 7, 2020. 6,305 of the warrants were previously held by SPAC Opportunity Partners, LLC prior to being transferred to the Reporting Person, and no Form 4 was filed for such transfer due to administrative error.