BC Partners Holdings Ltd - Oct 12, 2021 Form 3 Insider Report for Appgate, Inc. (APGT)

Role: 10%+ Owner
Signature: BC Partners Holdings Limited, By: /s/ Lee Clark, Name: Lee Clark, Title: Director
Stock symbol: APGT
Transactions as of: Oct 12, 2021
Transactions value $: $0
Form type: 3
Date filed: 10/22/2021, 05:17 PM
Previous filing: Aug 12, 2021
Next filing: Feb 2, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	APGT	Common Stock						117M	Oct 12, 2021	By SIS Holdings LP	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The general partner of SIS Holdings LP is SIS Holdings GP, LLC ("SIS GP"). SIS GP is managed by a board of directors, a majority of which is appointed by BCEC SIS Holdings L.P. (the "BC Stockholder"). The general partners of the BC Stockholder are CIE Management IX Limited and BCEC Management X Limited, which are controlled by their boards of directors, which are appointed by BC Partners Group Holdings Limited, which is a majority-owned subsidiary of BC Partners Holdings Limited, which is controlled by Lee Clark, Karen Jamieson, Mark Rodliffe and Nikos Stathopoulos. As a result, each of the foregoing entities may be deemed to share voting and investment power over the shares held directly by SIS Holdings LP, but disclaim beneficial ownership of the securities reported herein except to the extent of their pecuniary interest therein.
F2	Medina Capital Fund II - SIS Holdco, L.P. (the "Medina Stockholder") has the right to nominate certain members of the board of directors of SIS Holdings GP, LLC subject to majority control of the board by BCEC - SIS Holdings L.P. Medina Capital Fund II - SIS Holdco GP, LLC ("Medina GP") is the general partner of the Medina Stockholder. Manuel D. Medina ultimately controls Medina GP. As such, each of the Medina Stockholder, Medina GP and Mr. Medina may be deemed to share beneficial ownership over the securities owned by the Medina Stockholder, through its interest in SIS Holdings LP. Each of Mr. Medina and the foregoing entities disclaim beneficial ownership of the securities reported herein except to the extent of their pecuniary interest therein.

Content

The general partner of SIS Holdings LP is SIS Holdings GP, LLC ("SIS GP"). SIS GP is managed by a board of directors, a majority of which is appointed by BCEC SIS Holdings L.P. (the "BC Stockholder"). The general partners of the BC Stockholder are CIE Management IX Limited and BCEC Management X Limited, which are controlled by their boards of directors, which are appointed by BC Partners Group Holdings Limited, which is a majority-owned subsidiary of BC Partners Holdings Limited, which is controlled by Lee Clark, Karen Jamieson, Mark Rodliffe and Nikos Stathopoulos. As a result, each of the foregoing entities may be deemed to share voting and investment power over the shares held directly by SIS Holdings LP, but disclaim beneficial ownership of the securities reported herein except to the extent of their pecuniary interest therein.

Medina Capital Fund II - SIS Holdco, L.P. (the "Medina Stockholder") has the right to nominate certain members of the board of directors of SIS Holdings GP, LLC subject to majority control of the board by BCEC - SIS Holdings L.P. Medina Capital Fund II - SIS Holdco GP, LLC ("Medina GP") is the general partner of the Medina Stockholder. Manuel D. Medina ultimately controls Medina GP. As such, each of the Medina Stockholder, Medina GP and Mr. Medina may be deemed to share beneficial ownership over the securities owned by the Medina Stockholder, through its interest in SIS Holdings LP. Each of Mr. Medina and the foregoing entities disclaim beneficial ownership of the securities reported herein except to the extent of their pecuniary interest therein.