William E. Welch - Mar 15, 2022 Form 4 Insider Report for IronNet, Inc. (IRNT)

Signature
/s/ Brian F. Leaf, Attorney-in-Fact
Stock symbol
IRNT
Transactions as of
Mar 15, 2022
Transactions value $
-$5,910,764
Form type
4
Date filed
3/17/2022, 06:38 PM
Previous filing
Sep 14, 2021
Next filing
Apr 6, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction IRNT Common Stock Award $0 +4M +80.57% $0.00 8.96M Mar 15, 2022 Direct F1, F2
transaction IRNT Common Stock Sale -$1.79M -480K -5.35% $3.74* 8.49M Mar 15, 2022 Direct F3, F4
transaction IRNT Common Stock Sale -$1.48M -398K -4.69% $3.72* 8.09M Mar 16, 2022 Direct F3, F5
transaction IRNT Common Stock Sale -$2.64M -722K -8.93% $3.65* 7.36M Mar 17, 2022 Direct F3, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The security represents restricted stock units granted to the reporting person. Each restricted stock unit represents a contingent right to receive one share of common stock of the issuer.
F2 The shares underlying these restricted stock units will vest in 48 monthly installments beginning on March 1, 2023 and continuing through February 1, 2027, subject to the reporting person's continuous service with the issuer as of the applicable vesting date.
F3 The sales reported on this Form 4 were effected to satisfy tax withholding obligations in connection with the settlement of restricted stock units as part of a "sell to cover" transaction and do not represent discretionary trades by the reporting person.
F4 The price reported is a weighted average price. The shares were sold in multiple transactions at prices ranging from $3.54 to $4.00, inclusive. The Reporting Person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote to this Form 4.
F5 The price reported is a weighted average price. The shares were sold in multiple transactions at prices ranging from $3.61 to $3.88, inclusive. The Reporting Person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote to this Form 4.
F6 The price reported is a weighted average price. The shares were sold in multiple transactions at prices ranging from $3.53 to $3.76, inclusive. The Reporting Person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote to this Form 4.