Jonathan J. Ledecky - Oct 12, 2021 Form 4 Insider Report for Appgate, Inc. (APGT)

Role: Director, Former President
Signature: Jonathan J. Ledecky
Stock symbol: APGT
Transactions as of: Oct 12, 2021
Transactions value $: -$134,689,000,000
Form type: 4
Date filed: 10/14/2021, 04:19 PM
Previous filing: Aug 13, 2021
Next filing: Oct 25, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	APGT	Common Stock, par value $0.001 per share	Disposed to Issuer		-218K	-2.3%		9.29M	Oct 12, 2021	By Ironbound Partners Fund	F1, F2

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	APGT	Convertible Note	Disposed to Issuer	-$135B	-367K	-100%	$367,000.00^*	0	Oct 12, 2021	Common Stock	367K		By Ironbound Partners Fund LLC	F2, F3, F4

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

Explanation of Responses:

Id	Content
F1	The reporting person contributed these shares to the Issuer for cancellation for no additional consideration in connection with the consummation of the transactions contemplated by that certain Agreement and Plan of Reorganization, dated as of February 8, 2021 ("Merger Agreement"), entered into among the Issuer, Newtown Merger Sub Corp. and Cyxtera Cybersecurity, Inc. d/b/a AppGate.
F2	Held by Ironbound Partners Fund, LLC (the "Fund"). The reporting person is the manager of the Fund and has the authority and responsibility for the investments made by the Fund. As such, the reporting person was deemed to be the beneficial owner of the securities held by the Fund. The reporting person disclaims beneficial ownership of the securities held by the Fund, except to the extent of his pecuniary interest therein.
F3	Convertible notes in the aggregate principal amount of $367,000 were repaid and cancelled by mutual agreement of the reporting person and the Issuer upon consummation by the Issuer of the transactions contemplated by the Merger Agreement.
F4	The principal and accrued interest on the Note is convertible into shares of the Company's common stock upon the consummation of a "Fundamental Transaction" (as defined in the Note) at the "Conversion Price" (as defined in the Note).