Key facts
- This page summarizes U. Bertram Ellis Jr.'s Form 4 filing for American Virtual Cloud Technologies, Inc..
- 5 reported transactions and 3 derivative rows are listed below.
- Accepted by SEC: 13 Sep 2021, 16:05.
U. Bertram Ellis Jr. - 07 Apr 2021 Form 4 Insider Report for American Virtual Cloud Technologies, Inc.
- Reporting relationship
- Director
- Issuer ticker
- N/A
- Reported as of
- 07 Apr 2021
- Net transaction value
- +$2,611,246
- Reporting owner signature
- /s/ Alan I. Annex, Attorney-in-Fact
Source evidence
Original filing metadata and source links for verification.
3 source fields
Reporting owner
1 detail
Key filing fact
U. Bertram Ellis Jr. filed Form 4 for American Virtual Cloud Technologies, Inc. on 13 Sep 2021.
Change
- No earlier filing in this sequence is available for direct comparison.
- Current net transaction value: +$2,611,246.
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
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
AVCT
transaction
Common Stock
Options Exercise
- Transaction value
- Shares
- +15,000
- Change %
- +56%
- Price
- Shares after
- 42,000
- Date
- 07 Apr 2021
- Ownership
- Direct
- Footnotes
- F1
AVCT
transaction
Common Stock
Conversion of derivative security
- Transaction value
- $1,361,246
- Shares
- +394,564
- Change %
- +939%
- Price
- $3.45*
- Shares after
- 436,564
- Date
- 08 Sep 2021
- Ownership
- Direct
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
AVCT
transaction
Derivative
Series A-1 convertible debentures
Conversion of derivative security
- Transaction value
- $1,000,000
- Shares
- Change %
- Price
- Shares after
- 0
- Date
- 08 Sep 2021
- Ownership
- Direct
- Underlying class
- Common Stock
- Underlying amount
- 83,422
- Exercise price
- $3.45
- Footnotes
- F2, F3
AVCT
transaction
Derivative
Series A convertible debentures
Conversion of derivative security
- Transaction value
- $250,000
- Shares
- Change %
- Price
- Shares after
- 0
- Date
- 08 Sep 2021
- Ownership
- Direct
- Underlying class
- Common Stock
- Underlying amount
- 311,142
- Exercise price
- $3.45
- Footnotes
- F2, F3
AVCT
transaction
Derivative
Restricted Stock Units
Options Exercise
- Transaction value
- $0
- Shares
- +15,000
- Change %
- +50%
- Price
- $0.000000
- Shares after
- 45,000
- Date
- 07 Apr 2021
- Ownership
- Direct
- Underlying class
- Common Stock
- Underlying amount
- 15,000
- Exercise price
- Footnotes
- F1, 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
Restricted stock units convert into common stock on a one-for-one basis.
Footnote F2
The debentures were immediately exercisable, subject to a conversion cap that applied until the Issuer obtained the requisite stockholder approval to issue the full amount of underlying shares.
Footnote F3
The expiration date was the date that the principal amount of the applicable debenture (together with all accrued but unpaid interest thereon) was paid in full, subject to mandatory conversion in whole pursuant to the terms thereof, which mandatory conversion occurred effective September 8, 2021. The entire principal sum amount of the Series A-1 and Series A convertible debentures, together with accrued and unpaid interest thereon, was due and payable on the earlier to occur of certain dates specified in the debentures.
Footnote F4
On April 7, 2020, the reporting person was granted 60,000 restricted stock units, vesting in four equal annual installments beginning on April 7, 2021 (each, a "Vesting Date"), provided that the reporting person's service continues with the Issuer and its related entities through and on the applicable Vesting Date.