| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | IRNT | Common Stock | Award | +773K | 773K | Aug 26, 2021 | Direct | F1, F2, F3, F4 |
| Id | Content |
|---|---|
| F1 | Received on August 26, 2021 pursuant to the Agreement and Plan of Reorganization and Merger, dated as of March 15, 2021, as amended by Amendment No. 1 to Agreement and Plan of Reorganization and Merger, dated as of August 6, 2021 (the "Merger Agreement"), by and among LGL Systems Acquisition Corp. ("LGL"), LGL Systems Merger Sub Inc., a Delaware corporation and wholly owned subsidiary of LGL, and IronNet Cybersecurity, Inc., a Delaware corporation (the "Business Combination"). |
| F2 | Represents shares underlying restricted stock units. Each restricted stock unit represents a contingent right to receive one share of common stock of the Issuer. Of the shares underlying restricted stock units, approximately 513,895 shares will be vested as of February 22, 2022, with the remaining shares vesting monthly thereafter in accordance with the service-based conditions of the award, such that all such shares will be vested on February 10, 2025, subject to the Reporting Person's continuous service as of such vesting date. |
| F3 | The Reporting Person may also receive, as additional merger consideration, 5,375 shares of the Issuer's common stock if the volume weighted average share price of the Issuer's common stock equals or exceeds $13.00 for ten consecutive days during the two year period following the closing of the Business Combination. |
| F4 | Received in the Business Combination in exchange for 950,000 restricted stock units of IronNet Cybersecurity, Inc. |