Achari Sponsor Holdings I LLC - 29 Nov 2021 Form 4 Insider Report for Achari Ventures Holdings Corp. I

Role
10%+ Owner
Signature
Achari Sponsor Holdings I LLC, By: /s/ Vikas Desai, Name: Vikas Desai, Title: Managing Member
Issuer symbol
N/A
Transactions as of
29 Nov 2021
Net transactions value
$0
Form type
4
Filing time
22 Feb 2022, 10:42:00 UTC
Previous filing
14 Oct 2021

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 -375,000 -13% $0.000000 2,500,000 29 Nov 2021 Direct F1
* 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.