PENSARE SPONSOR GROUP, LLC 4
4 · American Virtual Cloud Technologies, Inc. · Filed Sep 14, 2021
Insider Transaction Report
Form 4
PENSARE SPONSOR GROUP, LLC
10% Owner
Transactions
- Exercise of In-Money
Common Stock
2021-09-10$0.01/sh+226,000$2,260→ 6,799,133 total - Exercise of In-Money
Warrants
2021-09-10−226,000→ 0 totalExercise: $0.01From: 2020-04-07Exp: 2025-04-07→ Common Stock (226,000 underlying) - Sale
Common Stock
2021-09-10$4.00/sh−564$2,254→ 6,798,569 total
Footnotes (1)
- [F1]On September 10, 2021, the reporting person exercised warrants to purchase 226,000 shares of the issuer's common stock for $0.01 per share. The reporting person paid the exercise price on a cashless basis, resulting in the issuer's withholding of 564 of the warrant shares to pay the exercise price and issuing to the reporting person the remaining 225,436 shares.