Jan E. Tighe - 26 Aug 2021 Form 4 Insider Report for IronNet, Inc.

Role
Director
Signature
/s/ James Gerber, Attorney-in-Fact
Issuer symbol
DFNS on Nasdaq
Transactions as of
26 Aug 2021
Net transactions value
$0
Form type
4
Filing time
30 Aug 2021, 19:42:55 UTC
Previous filing
19 Jul 2021
Next filing
14 Sep 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction IRNT Common Stock Award +113,974 113,974 26 Aug 2021 Direct F1, F2, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

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. The shares underlying the restricted stock units will vest on February 22, 2022, subject to the Reporting Person's continuous service as of such vesting date.
F3 The Reporting Person may also receive, as additional merger consideration, 1,605 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 140,000 restricted stock units of IronNet Cybersecurity, Inc.