Key facts
- This page summarizes LGL Systems Acquisition Holding Company, LLC's Form 4 filing for IronNet, Inc..
- 5 reported transactions and 3 derivative rows are listed below.
- Accepted by SEC: 30 Aug 2021, 21:39.
LGL Systems Acquisition Holding Company, LLC - 25 Aug 2021 Form 4 Insider Report for IronNet, Inc.
- Reporting relationship
- Former 10% Owner
- Issuer ticker
- N/A
- Reported as of
- 25 Aug 2021
- Net transaction value
- +$5,660,000
- Reporting owner signature
- By: /s/ Robert LaPenta Jr. Robert LaPenta Jr., Manager
Source evidence
Original filing metadata and source links for verification.
3 source fields
Reporting owner
1 detail
Key filing fact
LGL Systems Acquisition Holding Company, LLC filed Form 4 for IronNet, Inc. on 30 Aug 2021.
Change
- No earlier filing in this sequence is available for direct comparison.
- Current net transaction value: +$5,660,000.
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
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.
IRNT
transaction
Common Stock
Award
- Transaction value
- $5,660,000
- Shares
- +566,000
- Change %
- Price
- $10.00*
- Shares after
- 566,000
- Date
- 26 Aug 2021
- Ownership
- Direct
IRNT
transaction
Common Stock
Conversion of derivative security
- Transaction value
- $0
- Shares
- +2,904,375
- Change %
- +513%
- Price
- $0.000000
- Shares after
- 3,470,375
- Date
- 26 Aug 2021
- Ownership
- Direct
- Footnotes
- F1
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
IRNT
transaction
Derivative
Class B Common Stock
Other
- Transaction value
- $0
- Shares
- -330,000
- Change %
- -7.7%
- Price
- $0.000000
- Shares after
- 3,982,500
- Date
- 25 Aug 2021
- Ownership
- Direct
- Underlying class
- Class A Common Stock
- Underlying amount
- 330,000
- Exercise price
- Footnotes
- F1, F2
IRNT
transaction
Derivative
Class B Common Stock
Disposed to Issuer
- Transaction value
- $0
- Shares
- -1,078,125
- Change %
- -27%
- Price
- $0.000000
- Shares after
- 2,904,375
- Date
- 26 Aug 2021
- Ownership
- Direct
- Underlying class
- Class A Common Stock
- Underlying amount
- 1,078,125
- Exercise price
- Footnotes
- F1, F3
IRNT
transaction
Derivative
Class B Common Stock
Conversion of derivative security
- Transaction value
- $0
- Shares
- -2,904,375
- Change %
- -100%
- Price
- $0.000000*
- Shares after
- 0
- Date
- 26 Aug 2021
- Ownership
- Direct
- Underlying class
- Common Stock
- Underlying amount
- 2,904,375
- 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
Section 16 status
LGL Systems Acquisition Holding Company, LLC is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.
Explanation of responses 4 footnotes
Footnote F1
The Class B Common Stock is convertible into Class A Common Stock at anytime and automatically converts into Class A Common Stock at the time of the Issuer's initial business combination, in each case, on a one-for-one basis, subject to adjustment. The Class B Common Stock has no expiration date.
Footnote F2
The Reporting Person distributed these shares to certain of its members on a pro rata basis for no consideration.
Footnote F3
Under the terms of the Merger Agreement (defined below), immediately prior to the closing of the Business Combination (defined below), the Reporting Person surrendered and forfeited these shares to LGL Systems Acquisition Corp. ("LGL") for no consideration. From and after such time, the shares were deemed to be cancelled and no longer outstanding.
Footnote F4
The Class B Common Stock automatically converted into the same number of shares of Class A Common Stock on August 26, 2021 pursuant to the Agreement and Plan of Reorganization and Merger, dated as of March 15, 2021, as amended by Amendment No. 1 to Agreement and Plan of Reorganization and Merger, dated as of August 6, 2021 (as so amended, the "Merger Agreement"), by and among LGL, LGL Systems Merger Sub Inc., a wholly owned subsidiary of LGL, and IronNet Cybersecurity, Inc. (the "Business Combination"). Upon the closing of the Business Combination, the Class A Common Stock was renamed Common Stock.