Piermont Jeffrey Charles 4
4 · Andover National Corp · Filed Nov 2, 2021
Insider Transaction Report
Form 4
Piermont Jeffrey Charles
DirectorCOO, President and Secretary10% Owner
Transactions
- Sale
Class B Common Stock
2021-11-01$11.00/sh−40,599$446,589→ 0 total→ Class A Common Stock (40,599 underlying)
Footnotes (3)
- [F1]On November 1, 2021, the Issuer and Mr. Piermont, the Issuer's President and Chief Operating Officer, mutually agreed to Mr. Piermont's resignation as President and Chief Operating Officer and his separation of employment from the Issuer, effective as of December 31, 2021 (the "Separation"). In connection with the Separation, Mr. Piermont sold all of his shares of Class B Common Stock to The Peter A. Cohen Revocable Trust.
- [F2]Each share of Class B Common Stock may be converted, at the option of the holder, at any time and from time to time, into one (1) share of Class A Common Stock.
- [F3]The Class B Common Stock may be converted into shares of Class A Common Stock at any time, at the holder's election, and therefore has no expiration date..