| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | IRNT | Common Stock | Award | $5.66M | +566K | $10.00 | 566K | Aug 26, 2021 | By LGL Systems Acquistion Holding Company, LLC | F3 | |
| transaction | IRNT | Common Stock | Conversion of derivative security | $0 | +3.1M | +548.48% | $0.00 | 3.67M | Aug 26, 2021 | By LGL Acquistion Holding | F1, F3 |
| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | IRNT | Class B Common Stock | Other | $0 | -130K | -3.01% | $0.00 | 4.18M | Aug 25, 2021 | Class A Common Stock | 130K | By LGL Acquistion Holding | F1, F2, F3 | |
| transaction | IRNT | Class B Common Stock | Disposed to Issuer | $0 | -1.08M | -25.78% | $0.00 | 3.1M | Aug 26, 2021 | Class A Common Stock | 1.08M | By LGL Acquistion Holding | F1, F3, F4 | |
| transaction | IRNT | Class B Common Stock | Conversion of derivative security | $0 | -3.1M | -100% | $0.00* | 0 | Aug 26, 2021 | Common Stock | 3.1M | By LGL Acquistion Holding | F1, F3, F5 |
Marc Gabelli is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.
| Id | Content |
|---|---|
| F1 | The Class B Common Stock is convertible into Class A Common Stock at anytime and automatically converts into Class A Common Stock at the time of the Issuer's initial business combination, in each case, on a one-for-one basis, subject to adjustment. The Class B Common Stock has no expiration date. |
| F2 | LGL Systems Acquisition Holding Company, LLC ("LGL Acquisition Holding") distributed these shares to certain of its members on a pro rata basis for no consideration. In addition to the 130,000 shares, LGL Acquisition Holding distributed 200,000 shares of Class B Common Stock to the Reporting Person on a pro rata basis for no consideration, which is not subject to reporting by the Reporting Person. |
| F3 | Except for the 200,000 shares referenced in footnote (2) above, which were held by the Reporting Person, the shares are held directly by LGL Acquisition Holding. LGL Systems Nevada Management Partners LLC is the managing member of LGL Acquisition Holding. The Reporting Person is a manager of LGL Systems Nevada Management Partners LLC and is one of five people to have approved actions of LGL Acquisition Holding. Each manager has one vote, and the approval of three of the five managers is required for approval of an action of LGL Acquisition Holding. The Reporting Person disclaims beneficial ownership of the securities held by LGL Acquisition Holding, except to the extent of his pecuniary interest therein. |
| F4 | Under the terms of the Merger Agreement (defined below), immediately prior to the closing of the Business Combination (defined below), LGL Acquisition Holding surrendered and forfeited these shares to LGL Systems Acquisition Corp. ("LGL") for no consideration. From and after such time, the shares were deemed to be cancelled and no longer outstanding. |
| F5 | The Class B Common Stock automatically converted into the same number of shares of Class A Common Stock 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 (as so amended, the "Merger Agreement"), by and among LGL, LGL Systems Merger Sub Inc., a wholly owned subsidiary of LGL, and IronNet Cybersecurity, Inc. (the "Business Combination").Upon the closing of the Business Combination, the Class A Common Stock was renamed Common Stock. |