Onex Evans - Aug 22, 2022 Form 3 Insider Report for American Virtual Cloud Technologies, Inc. (AVCT)

Role
Chief Accounting Officer
Signature
/s/ Jason Simon, Attorney-in-Fact
Stock symbol
AVCT
Transactions as of
Aug 22, 2022
Transactions value $
$0
Form type
3
Date filed
8/30/2022, 09:00 PM

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding AVCT Common Stock 25K Aug 22, 2022 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding AVCT Restricted Stock Units Aug 22, 2022 Common Stock 125K $0.00 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock.
F2 The restricted stock units will vest over a four-year period, with fifty percent (50%) of such vesting to be time-based and fifty (50%) to be performance-based.

Remarks:

See Exhibit 24.1 - Power of Attorney