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

Reporting relationship: Co-CEO & Director, Director
Issuer ticker: N/A
Reported as of: 15 Mar 2022
Net transaction value: -$5,910,764
SEC form: 4
Accepted by SEC: 17 Mar 2022, 18:38:56 UTC
Prior SEC filing: 14 Sep 2021
Next SEC filing: 06 Apr 2022
Source filing: View source filing
Reporting owner signature: /s/ Brian F. Leaf, Attorney-in-Fact

Key filing fact

William E. Welch filed Form 4 for IronNet, Inc. on 17 Mar 2022.

Key facts

This page summarizes William E. Welch's Form 4 filing for IronNet, Inc..
4 reported transactions and 0 derivative rows are listed below.
Accepted by SEC: 17 Mar 2022, 18:38.

Change

Previous filing in this sequence was filed on 14 Sep 2021.
Current net transaction value: -$5,910,764.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

IRNT transaction

Common Stock

Award

Transaction value: $0
Shares: +4,000,000
Change %: +81%
Price: $0.000000
Shares after: 8,964,698
Date: 15 Mar 2022
Ownership: Direct
Footnotes: F1, F2

IRNT transaction

Common Stock

Sale

Transaction value: $1,793,487
Shares: -479,542
Change %: -5.3%
Price: $3.74^*
Shares after: 8,485,156
Date: 15 Mar 2022
Ownership: Direct
Footnotes: F3, F4

IRNT transaction

Common Stock

Sale

Transaction value: $1,480,404
Shares: -397,958
Change %: -4.7%
Price: $3.72^*
Shares after: 8,087,198
Date: 16 Mar 2022
Ownership: Direct
Footnotes: F3, F5

IRNT transaction

Common Stock

Sale

Transaction value: $2,636,873
Shares: -722,431
Change %: -8.9%
Price: $3.65^*
Shares after: 7,364,767
Date: 17 Mar 2022
Ownership: Direct
Footnotes: F3, F6

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 6 footnotes

Footnote 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.

Footnote 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.

Footnote 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.

Footnote 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.

Footnote 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.

Footnote 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.