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Filing Details

Accession Number:: 0001213900-22-029366
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2022-05-24 19:44:22
Reporting Period:: 2022-05-20

Accepted Time:: 2022-05-24 19:44:22
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1704760	American Virtual Cloud Technologies Inc.	AVCT	()	4

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1409641	Mock Lawrence E, Jr.	C/O American Virtual Cloud Technologies, Inc 1720 Peachtree Street, Suite 629 Atlanta GA 30309		Yes	No	Yes	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Acquisiton	2022-05-20	250,000	$0.40	21,423,995	No	4	P	Indirect	Please see footnotes

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	P	Indirect	Please see footnotes

Footnotes

The price reported in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $0.39 to $0.44, inclusive. Lawrence E. Mock, Jr. (the "Reporting Person") hereby undertakes to provide to the Securities and Exchange Commission staff, American Virtual Cloud Technologies, Inc. (the "Issuer"), or a security holder of the Issuer, upon request, full information regarding the number of shares sold at each respective price within the range set forth in this footnote.
Includes (i) 1,783,035 shares of the Issuer's common stock, par value $0.0001 per share ("Common Stock") held directly by Stratos Management Systems Holdings, LLC ("Holdings"), and (ii) 8,445,894 shares of Common Stock held directly by Navigation Capital Partners II, L.P., a Delaware limited partnership ("Navigation Capital"). The Reporting Person is a manager of NCP General Partner II, LLC, which is the general partner of Navigation Capital, which controls Holdings. As a result, the Reporting Person may be deemed to indirectly beneficially own the securities directly held by Navigation Capital and Holdings. The Reporting Person disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein.
Includes 10,039,724 shares of Common Stock held directly by Navigation Capital Partners SOF I, LLC ("Investment Sub"). Investment Sub is a direct wholly-owned subsidiary of SPAC Opportunity Fund I, L.P. ("New SPAC Opps"), an entity controlled by Navigation Capital Partners, Inc. ("SPAC NCP"). The Reporting Person controls SPAC NCP, and as a result, may be deemed to indirectly beneficially own the securities held by SPAC NCP, New SPAC Opps and Investment Sub. The Reporting Person disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein.
Includes 1,155,342 shares of Common Stock held directly by Nobadeer, L.P., a Georgia limited partnership ("Nobadeer"). The Reporting Person is the general partner of Nobadeer, and as a result, may be deemed to indirectly beneficially own the securities held by Nobadeer. The Reporting Person disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein.