Lawrence E. Mock - Nov 15, 2021 Form 4 Insider Report for American Virtual Cloud Technologies, Inc. (AVCT)

Role
Director
Signature
/s/ Lawrence E. Mock
Stock symbol
AVCT
Transactions as of
Nov 15, 2021
Transactions value $
$0
Form type
4
Date filed
11/17/2021, 03:15 PM
Previous filing
Nov 1, 2021
Next filing
May 24, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AVCT Common Stock Other -312K -1.45% 21.2M Nov 15, 2021 Please see footnotes F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On November 15, 2021, Stratos Management Systems Holdings, LLC ("Holdings") distributed (i) 8,445,894 shares of the Issuer's common stock, par value $0.001 per share ("Common Stock") to Navigation Capital Partners II, L.P., a Delaware limited partnership ("Navigation Capital") and (ii) 311,768 shares of Common Stock to certain of its other members. The Reporting Person is a manager of NCP General Partner II, LLC, which is the general partner of Navigation Capital, which controls Holdings. As a result, the Reporting Person may be deemed to indirectly beneficially own the securities directly held by Navigation Capital and Holdings. The Reporting Person disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein.
F2 Includes 252,887 shares of Common Stock remitted to Holdings from a member since the Reporting Person's Form 4 filed on November 1, 2021.