Amir Avniel - Nov 23, 2021 Form 4 Insider Report for Beyond Air, Inc. (XAIR)

Role: COO and President, Director
Signature: /s/ Amir Avniel
Stock symbol: XAIR
Transactions as of: Nov 23, 2021
Transactions value $: $7
Form type: 4
Date filed: 11/24/2021, 03:20 PM
Previous filing: Oct 7, 2021
Next filing: Dec 3, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	XAIR	Common Stock	Options Exercise	$159K	+43.3K	+10.74%	$3.66	447K	Nov 23, 2021	Direct
transaction	XAIR	Common Stock	Tax liability	-$159K	-10.7K	-2.39%	$14.88	436K	Nov 23, 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	-43.3K	-100%	$0.00^*	0	Nov 23, 2021	Common Stock	43.3K	$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 23, 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 43,334 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 10,659 of the warrant shares to pay the exercise price and issuing to the reporting person the remaining 32,675 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 23, 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 43,334 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 10,659 of the warrant shares to pay the exercise price and issuing to the reporting person the remaining 32,675 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.