Warren G. Lichtenstein - Aug 17, 2021 Form 4 Insider Report for Steel Connect, Inc. (STCN)

Signature
By: /s/ Jack Howard, as Attorney-in-Fact for Warren G. Lichtenstein
Stock symbol
STCN
Transactions as of
Aug 17, 2021
Transactions value $
$0
Form type
4
Date filed
8/19/2021, 06:16 PM
Previous filing
Jul 6, 2021
Next filing
Oct 5, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction STCN Common Stock, $0.01 par value Disposed to Issuer $0 -2.13M -58.28% $0.00 1.53M Aug 17, 2021 Direct F1, F3
holding STCN Common Stock, $0.01 par value 60K Aug 17, 2021 By: Steel Partners, Ltd. F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reporting person is a member of a Section 13(d) group that owns more than 10% of the Issuer's outstanding Common Stock. The reporting person disclaims beneficial ownership of the shares of Common Stock of the Issuer owned directly by the other members of the Section 13(d) group except to the extent of his pecuniary interest therein.
F2 Shares owned directly by Steel Partners, Ltd. ("SPL"). The reporting person is the Chief Executive Officer of SPL. Accordingly, by virtue of the reporting person's relationship with SPL, the reporting person may be deemed to beneficially own the shares of Common Stock of the Issuer owned directly by SPL. The reporting person disclaims beneficial ownership of the shares of Common Stock of the Issuer owned directly by SPL except to the extent of his pecuniary interest therein.
F3 Represents shares of Common Stock surrendered to the Issuer that is exempt under Rule 16b-3(e) of the Securities Exchange Act of 1934, as amended.