Ron Bentsur - Nov 22, 2021 Form 4 Insider Report for Beyond Air, Inc. (XAIR)

Role: Director
Signature: /s/ Ron Bentsur
Stock symbol: XAIR
Transactions as of: Nov 22, 2021
Transactions value $: $12
Form type: 4
Date filed: 11/24/2021, 03:15 PM
Next filing: Nov 26, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	XAIR	Common Stock	Options Exercise	$183K	+50K	+27.41%	$3.66	232K	Nov 22, 2021	Direct
transaction	XAIR	Common Stock	Tax liability	-$183K	-12.5K	-5.39%	$14.60	220K	Nov 22, 2021	Direct	F1

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
transaction	XAIR	Warrants (right to buy)	Options Exercise	$0	-50K	-100%	$0.00^*	0	Nov 22, 2021	Common Stock	50K	$3.66	Direct

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	On November 22, 2021, shares of common stock, par value $0.0001 per share, of Beyond Air, Inc. (the "Company") were issued to the reporting person in connection with the exercise of a warrant to purchase 50,000 shares of common stock of the Company for $3.66 a share. The reporting person paid the exercise price on a cashless basis, resulting in the Company's withholding of 12,536 of the warrant shares to pay the exercise price and issuing to the reporting person the remaining 37,464 shares of common stock of the Company. These transactions were exempt from Section 16(b) of the Securities Exchange Act of 1934 pursuant to Rule 16b-3.

Content

On November 22, 2021, shares of common stock, par value $0.0001 per share, of Beyond Air, Inc. (the "Company") were issued to the reporting person in connection with the exercise of a warrant to purchase 50,000 shares of common stock of the Company for $3.66 a share. The reporting person paid the exercise price on a cashless basis, resulting in the Company's withholding of 12,536 of the warrant shares to pay the exercise price and issuing to the reporting person the remaining 37,464 shares of common stock of the Company. These transactions were exempt from Section 16(b) of the Securities Exchange Act of 1934 pursuant to Rule 16b-3.