Vikas Desai - Nov 29, 2021 Form 4 Insider Report for Achari Ventures Holdings Corp. I (AVHI)

Role: Chief Executive Officer, Director, 10%+ Owner
Signature: /s/ Vikas Desai
Stock symbol: AVHI
Transactions as of: Nov 29, 2021
Transactions value $: $0
Form type: 4
Date filed: 2/22/2022, 10:39 AM
Previous filing: Oct 14, 2021
Next filing: Jun 21, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	AVHI	Common Stock, par value $0.0001	Other	$0	-375K	-13.04%	$0.00	2.5M	Nov 29, 2021	Direct	F1, F2

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

Explanation of Responses:

Id	Content
F1	As described in Achari Ventures Holdings Corp. I's (the "Issuer") registration statement on Form S-1 (File No. 333-258476), as amended (the "Registration Statement") and the Reporting Person's Initial Statement of Beneficial Ownership of Securities on Form 3, there were 375,000 shares of common stock, par value $0.0001 per share (the "Common Stock"), subject to forfeiture to the extent that the underwriters did not fully or partially exercise their over-allotment option in the Issuer's initial public offering of its securities. The underwriters did not exercise their over-allotment option, resulting in the Reporting Person forfeiting 375,000 shares of Common Stock.
F2	Achari Sponsor Holdings I LLC, a Delaware limited liability company (the "Sponsor"), is the record holder of such common stock. Mr. Desai is the managing member of the Sponsor. As such, Mr. Desai may be deemed to share beneficial ownership of such Common Stock held directly by the Sponsor. Mr. Desai disclaims beneficial ownership of any Common Stock other than to the extent he may have a pecuniary interest therein, directly or indirectly. The filing of this statement shall not be deemed to be an admission that, for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or otherwise, the Reporting Person is the beneficial owner of any securities reported herein.

Content

As described in Achari Ventures Holdings Corp. I's (the "Issuer") registration statement on Form S-1 (File No. 333-258476), as amended (the "Registration Statement") and the Reporting Person's Initial Statement of Beneficial Ownership of Securities on Form 3, there were 375,000 shares of common stock, par value $0.0001 per share (the "Common Stock"), subject to forfeiture to the extent that the underwriters did not fully or partially exercise their over-allotment option in the Issuer's initial public offering of its securities. The underwriters did not exercise their over-allotment option, resulting in the Reporting Person forfeiting 375,000 shares of Common Stock.

Achari Sponsor Holdings I LLC, a Delaware limited liability company (the "Sponsor"), is the record holder of such common stock. Mr. Desai is the managing member of the Sponsor. As such, Mr. Desai may be deemed to share beneficial ownership of such Common Stock held directly by the Sponsor. Mr. Desai disclaims beneficial ownership of any Common Stock other than to the extent he may have a pecuniary interest therein, directly or indirectly. The filing of this statement shall not be deemed to be an admission that, for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or otherwise, the Reporting Person is the beneficial owner of any securities reported herein.