PENSARE SPONSOR GROUP, LLC - 10 Sep 2021 Form 4 Insider Report for American Virtual Cloud Technologies, Inc.

Reporting relationship: 10%+ Owner
Issuer ticker: N/A
Reported as of: 10 Sep 2021
Net transaction value: +$6.26
SEC form: 4
Accepted by SEC: 14 Sep 2021, 20:02:45 UTC
Prior SEC filing: 10 Sep 2021
Source filing: View source filing
Reporting owner signature: /s/ Alan I. Annex, Attorney-in-Fact

Key filing fact

PENSARE SPONSOR GROUP, LLC filed Form 4 for American Virtual Cloud Technologies, Inc. on 14 Sep 2021.

Key facts

This page summarizes PENSARE SPONSOR GROUP, LLC's Form 4 filing for American Virtual Cloud Technologies, Inc..
3 reported transactions and 1 derivative row are listed below.
Accepted by SEC: 14 Sep 2021, 20:02.

Change

Previous filing in this sequence was filed on 10 Sep 2021.
Current net transaction value: +$6.26.

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

Exercise of in-the-money or at-the-money derivative security

Transaction value: $2,260
Shares: +226,000
Change %: +3.4%
Price: $0.0100^*
Shares after: 6,799,133
Date: 10 Sep 2021
Ownership: Direct

AVCT transaction

Common Stock

Sale

Transaction value: $2,254
Shares: -564
Change %: -0.01%
Price: $4.00^*
Shares after: 6,798,569
Date: 10 Sep 2021
Ownership: Direct
Footnotes: F1

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

AVCT transaction Derivative

Warrants

Exercise of in-the-money or at-the-money derivative security

Transaction value: $0
Shares: -226,000
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 10 Sep 2021
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 226,000
Exercise price: $0.0100

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 1 footnote

Footnote F1

On September 10, 2021, the reporting person exercised warrants to purchase 226,000 shares of the issuer's common stock for $0.01 per share. The reporting person paid the exercise price on a cashless basis, resulting in the issuer's withholding of 564 of the warrant shares to pay the exercise price and issuing to the reporting person the remaining 225,436 shares.