MTech Sponsor LLC 4
4 · Akerna Corp. · Filed Dec 23, 2019
Insider Transaction Report
Form 4
Akerna Corp.KERN*
MTech Sponsor LLC
10% Owner
Transactions
- Disposition to Issuer
Common Stock
2019-12-19−775,565→ 805,565 total - Disposition to Issuer
Warrants
2019-12-19$11.50/sh+121,875$1,401,563→ 121,875 totalExercise: $11.50From: 2019-07-17Exp: 2024-06-17→ Common Stock (121,875 underlying) - Disposition to Issuer
Common Stock
2019-12-23−805,565→ 0 total - Disposition to Issuer
Warrants
2019-12-23$11.50/sh+121,875$1,401,563→ 0 totalExercise: $11.50From: 2019-07-17Exp: 2024-06-17→ Common Stock (121,875 underlying)
Footnotes (1)
- [F1]Represents the distribution of all shares of common stock and warrants to purchase shares of common stock of the Company held by MTech Sponsor LLC (the "Sponsor") to its underlying members. SS FL LLC and Game Boy Partners, LLC are the managing members of the Sponsor and had voting and investment discretion with respect to the common stock held of record by the Sponsor prior to the distribution to its members. Mr. Steven Van Dyke is the managing member of SS FL LLC, one of the managing members of the MTech Sponsor LLC. Mr. Drew Effron is the managing member of Game Boy Partners, LLC, the other managing member of the MTech Sponsor LLC, and jointly with Mr. Van Dyke, had the voting and dispositive power of the securities held by the Sponsor prior to distribution to its members. Accordingly, Mr. Van Dyke and Mr. Effron may be deemed to have or share beneficial ownership of such shares.