Adam London - Jun 28, 2024 Form 4 Insider Report for Astra Space, Inc. (ASTR)

Signature
/s/ Adam London
Stock symbol
ASTR
Transactions as of
Jun 28, 2024
Transactions value $
$60,000
Form type
4
Date filed
7/2/2024, 09:20 PM
Previous filing
May 20, 2024
Next filing
Jul 19, 2024

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction ASTR Senior Secured Convertible Notes due 2025 Purchase $60K 1.54M Jun 28, 2024 Class A Common Stock 74.3K $0.81 Direct F1, F2, F3, F4, F5

Explanation of Responses:

Id Content
F1 The Reporting Person may, at its option, prior to maturity, convert all or any portion of the outstanding amount of Senior Secured Convertible Notes due 2025 (the "Convertible Notes"), including accrued paid in kind interest thereon, subject to certain limitations, into shares of Class A Common Stock, at an initial conversion rate of 1,237.6238 shares of Class A Common Stock per $1,000 principal amount of Convertible Notes, which is equivalent to an initial conversion price of approximately $0.808 per share of Class A Common Stock. The conversion rate is subject to adjustment in accordance with the terms of the Convertible Notes and will be subject to standard adjustments in the event of any stock split, stock dividend, stock combination, recapitalization or other similar transactions.
F2 The Convertible Notes are immediately convertible at the option of the Reporting Person subject to certain limitations, as described in Footnote (4).
F3 The Convertible Notes mature on November 15, 2025 (the "Maturity Date"), provided that the Maturity Date may be extended upon the written agreement of the Issuer and the holders of the Convertible Notes.
F4 Represents the maximum number of shares of Class A Common Stock issuable upon the voluntary conversion of the original stated amount of the Convertible Notes. The number of shares issuable upon conversion of the Convertible Notes is subject to increase in connection with the accrual of interest, which is payable in kind, and upon the occurrence of certain Fundamental Changes (as defined in the Convertible Notes). The Reporting Person's ability to convert the Convertible Notes to shares of Class A Common Stock is initially subject to certain limitations, in accordance with rules of the Nasdaq Capital Market, as well as other beneficial ownership limitations in accordance with the terms of the Convertible Notes.
F5 The Reporting Person may receive 39,432 shares of Class A Common Stock upon the conversion of the Convertible Notes purchased by the Reporting Person on November 21, 2023 (such purchase having been reported on the Reporting Person's Form 4 filed on November 24, 2023) due to accrued interest, payable in kind, on such Convertible Notes as of February 26, 2024. Such amount is included in this figure. To the extent additional interest accrued on any Convertible Notes after February 26, 2024, such additional interest is not included in this figure.

Remarks:

Chief Technology Officer and Director