Cannon Stephen N 4
4 · Archimedes Tech Spac Partners Co · Filed Mar 17, 2021
Insider Transaction Report
Form 4
Cannon Stephen N
DirectorChief Executive Officer10% Owner
Transactions
- Purchase
Common Stock
2021-03-15$10.00/sh+330,000$3,300,000→ 3,705,000 total(indirect: See Footnote) - Purchase
Warrants to purchase Common Stock
2021-03-15+165,000→ 165,000 total(indirect: See Footnote)Exercise: $11.50→ Common Stock (165,000 underlying)
Footnotes (4)
- [F1]The reporting person acquired units, with each unit consisting of one subunit and one-quarter of one redeemable warrant. Each subunit consists of one share of common stock of the Company, $0.0001 par value, and one-quarter of one warrant. Each whole warrant entitles the holder to purchase one share of common stock for $11.50 per share.
- [F2]Shares owned by Archimedes Tech SPAC Sponsors LLC, over which Stephen N. Cannon shares voting and dispositive power.
- [F3]One warrant automatically convert into one share of common stock upon the consummation of the registrant's initial business combination, as described in the registrant's prospectus filed with the SEC.
- [F4]Warrants underlying the units and subunits, owned by Archimedes Tech SPAC Sponsors LLC, over which Stephen No. Cannon shares voting and dispositive power.