Lawrence E. Mock Jr. - 20 May 2022 Form 4 Insider Report for American Virtual Cloud Technologies, Inc.

Source evidence Original filing metadata and source links for verification. 4 source fields
SEC form
4
Accepted by SEC
24 May 2022, 19:44:22 UTC
Prior SEC filing
17 Nov 2021
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Lawrence E. Mock

Key filing fact

Lawrence E. Mock Jr. filed Form 4 for American Virtual Cloud Technologies, Inc. on 24 May 2022.

Key facts

  • This page summarizes Lawrence E. Mock Jr.'s Form 4 filing for American Virtual Cloud Technologies, Inc..
  • 1 reported transaction and 0 derivative rows are listed below.
  • Accepted by SEC: 24 May 2022, 19:44.

Change

  • Previous filing in this sequence was filed on 17 Nov 2021.
  • Current net transaction value: +$100,000.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

AVCT transaction

Common Stock

Purchase

Transaction value
$100,000
Shares
+250,000
Change %
+1.2%
Price
$0.4000*
Shares after
21,423,995
Date
20 May 2022
Ownership
Please see footnotes
Footnotes
F1, F2, F3, F4
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 4 footnotes

Footnote F1

The price reported in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $0.39 to $0.44, inclusive. Lawrence E. Mock, Jr. (the "Reporting Person") hereby undertakes to provide to the Securities and Exchange Commission staff, American Virtual Cloud Technologies, Inc. (the "Issuer"), or a security holder of the Issuer, upon request, full information regarding the number of shares sold at each respective price within the range set forth in this footnote.

Footnote F2

Includes (i) 1,783,035 shares of the Issuer's common stock, par value $0.0001 per share ("Common Stock") held directly by Stratos Management Systems Holdings, LLC ("Holdings"), and (ii) 8,445,894 shares of Common Stock held directly by Navigation Capital Partners II, L.P., a Delaware limited partnership ("Navigation Capital"). 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.

Footnote F3

Includes 10,039,724 shares of Common Stock held directly by Navigation Capital Partners SOF I, LLC ("Investment Sub"). Investment Sub is a direct wholly-owned subsidiary of SPAC Opportunity Fund I, L.P. ("New SPAC Opps"), an entity controlled by Navigation Capital Partners, Inc. ("SPAC NCP"). The Reporting Person controls SPAC NCP, and as a result, may be deemed to indirectly beneficially own the securities held by SPAC NCP, New SPAC Opps and Investment Sub. The Reporting Person disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein.

Footnote F4

Includes 1,155,342 shares of Common Stock held directly by Nobadeer, L.P., a Georgia limited partnership ("Nobadeer"). The Reporting Person is the general partner of Nobadeer, and as a result, may be deemed to indirectly beneficially own the securities held by Nobadeer. The Reporting Person disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein.

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