Key facts
- This page summarizes Robert E. Willis's Form 4/A - Amendment filing for American Virtual Cloud Technologies, Inc..
- 1 reported transaction and 1 derivative row are listed below.
- Accepted by SEC: 27 Apr 2022, 16:06.
Robert E. Willis - 22 Apr 2022 Form 4/A - Amendment Insider Report for American Virtual Cloud Technologies, Inc.
- Reporting relationship
- Director
- Issuer ticker
- N/A
- Reported as of
- 22 Apr 2022
- Net transaction value
- $0
- SEC form
- 4/A - Amendment
- Accepted by SEC
- 27 Apr 2022, 16:06:03 UTC
- Original report date
- 26 Apr 2022
- Prior SEC filing
- 19 Nov 2021
- Next SEC filing
- 02 Aug 2023
- Source filing
- View source filing
- Reporting owner signature
- /s/ Jason Simon, Attorney-in-Fact
Source evidence
Original filing metadata and source links for verification.
6 source fields
Reporting owner
1 detail
Key filing fact
Robert E. Willis filed Form 4/A - Amendment for American Virtual Cloud Technologies, Inc. on 27 Apr 2022.
Change
- Previous filing in this sequence was filed on 19 Nov 2021.
- Current net transaction value: $0.
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/A - Amendment disclosures.
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
AVCT
transaction
Derivative
Restricted Stock Units
Award
- Transaction value
- $0
- Shares
- +150,000
- Change %
- Price
- $0.000000
- Shares after
- 150,000
- Date
- 22 Apr 2022
- Ownership
- Direct
- Underlying class
- Common Stock
- Underlying amount
- 150,000
- Exercise price
- Footnotes
- F1, F2, F3
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 3 footnotes
Footnote F1
Represents restricted stock units, each unit representing a contingent right to receive one share of the Issuer's common stock.
Footnote F2
On April 26, 2022, the Reporting Person filed a Form 4 which inadvertently reported in Column 5 of Table II the acquisition of 1,500,000 restricted stock units. In fact, as reported in this amendment (and as correctly reported in Columns 7 and 9 of Table II of the Form 4 as originally filed), the Reporting Person acquired 150,000 restricted stock units.
Footnote F3
Up to 50% of the restricted stock units shall vest at a rate of twelve and a half percent (12.5%) on each of April 1, 2023, 2024, 2025 and 2026 (each, a "Service Vesting Date"), provided the Reporting Person's service continues with the Issuer and its related entities through and on the applicable Service Vesting Date. Up to 50% of the restricted stock units shall vest at a rate of twelve and a half percent (12.5%) on each of December, 2022, 2023, 202 and 2025 (each, a "Performance Vesting Date"), provided the Reporting Person's service continues with the Issuer and its related entities through and on the applicable Performance Vesting Date, and the volume weighted average price per share of the Issuer's common stock for the twenty (20) trading days in the thirty (30) consecutive trading day period immediately preceding December 31, 2022, 2023, 2024, 2025, as applicable, meets target prices set by the Issuer's board of directors (each a "Share Price Target"). The Share Price Target for December 31, 2022 is $2.11.