4//SEC Filing
MOCK LAWRENCE E, JR. 4
Accession 0001213900-22-029366
CIK 0001704760other
Filed
May 23, 8:00 PM ET
Accepted
May 24, 7:44 PM ET
Size
7.6 KB
Accession
0001213900-22-029366
Insider Transaction Report
Form 4
MOCK LAWRENCE E, JR.
Director
Transactions
- Purchase
Common Stock
2022-05-20$0.40/sh+250,000$100,000→ 21,423,995 total(indirect: Please see footnotes)
Footnotes (4)
- [F1]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.
- [F2]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.
- [F3]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.
- [F4]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.
Documents
Issuer
American Virtual Cloud Technologies, Inc.
CIK 0001704760
Entity typeother
Related Parties
1- filerCIK 0001409641
Filing Metadata
- Form type
- 4
- Filed
- May 23, 8:00 PM ET
- Accepted
- May 24, 7:44 PM ET
- Size
- 7.6 KB