Key facts
- This page summarizes Scott Stanford's Form 4 filing for Astra Space, Inc..
- 2 reported transactions and 2 derivative rows are listed below.
- Accepted by SEC: 08 Jul 2024, 16:39.
Scott Stanford - 03 Jul 2024 Form 4 Insider Report for Astra Space, Inc.
- Reporting relationship
- Director, 10%+ Owner
- Issuer ticker
- N/A
- Reported as of
- 03 Jul 2024
- Net transaction value
- +$675,000
- SEC form
- 4
- Accepted by SEC
- 08 Jul 2024, 16:39:29 UTC
- Prior SEC filing
- 28 Dec 2023
- Next SEC filing
- 22 Jul 2024
- Source filing
- View source filing
- Reporting owner signature
- /s/ Scott Stanford
Source evidence
Original filing metadata and source links for verification.
5 source fields
Reporting owner
1 detail
Key filing fact
Scott Stanford filed Form 4 for Astra Space, Inc. on 08 Jul 2024.
Change
- Previous filing in this sequence was filed on 28 Dec 2023.
- Current net transaction value: +$675,000.
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 derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
ASTR
transaction
Derivative
Senior Secured Convertible Notes due 2025
Award
- Transaction value
- $500,000
- Shares
- Change %
- Price
- Shares after
- $5,904,545
- Date
- 03 Jul 2024
- Ownership
- By SherpaVentures Fund II, LP
- Underlying class
- Class A Common Stock
- Underlying amount
- 618,811
- Exercise price
- $0.8080
- Footnotes
- F1, F2, F3, F4, F5, F6
ASTR
transaction
Derivative
Warrant
Award
- Transaction value
- $175,000
- Shares
- +216,584
- Change %
- +9.8%
- Price
- $0.8080
- Shares after
- 2,429,352
- Date
- 03 Jul 2024
- Ownership
- By SherpaVentures Fund II, LP
- Underlying class
- Class A Common Stock
- Underlying amount
- 216,584
- Exercise price
- $0.8080
- Footnotes
- F6, F7
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 7 footnotes
Footnote F1
ACME Fund II (as defined below) may, at its option, prior to maturity, convert all or any portion of the outstanding amount of Senior Secured Convertible Notes due 2025 (the "Convertible Notes"), including accrued paid in kind interest thereon, subject to certain limitations, into shares of Class A Common Stock, at an initial conversion rate of 1,237.6238 shares of Class A Common Stock per $1,000 principal amount of Convertible Notes, which is equivalent to an initial conversion price of approximately $0.808 per share of Class A Common Stock. The conversion rate is subject to adjustment in accordance with the terms of the Convertible Notes and will be subject to standard adjustments in the event of any stock split, stock dividend, stock combination, recapitalization or other similar transactions.
Footnote F2
The Convertible Notes are immediately convertible at the option of ACME Fund II, subject to certain limitations, as described in Footnote (4).
Footnote F3
The Convertible Notes mature on November 15, 2025 (the "Maturity Date"), provided that the Maturity Date may be extended upon the written agreement of the Issuer and the holders of the Convertible Notes.
Footnote F4
Represents the maximum number of shares of Class A Common Stock issuable upon the voluntary conversion of the original stated amount of the Convertible Notes purchased on July 3, 2024. The number of shares issuable upon conversion of the Convertible Notes is subject to increase in connection with the accrual of interest, which is payable in kind, and upon the occurrence of certain Fundamental Changes (as defined in the Convertible Notes). ACME Fund II's ability to convert the Convertible Notes to shares of Class A Common Stock is initially subject to certain limitations, in accordance with rules of the Nasdaq Capital Market.
Footnote F5
Includes accrued interest, payable in kind as of May 1, 2024, on the Convertible Notes purchased by ACME Fund II on November 21, 2023 (such purchase having been reported on the Reporting Person's Form 4 filed on November 24, 2023). To the extent additional interest has accrued on such Convertible Notes after May 1, 2024, such additional interest is not included in this figure.
Footnote F6
These securities are held by SherpaVentures Fund II, LP ("ACME Fund II"). SherpaVentures Fund II GP, LLC ("ACME GP II") is the general partner of ACME Fund II. The Reporting Person is the manager of ACME GP II and exercises voting and dispositive control over the securities held by ACME Fund II. The Reporting Person disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein.
Footnote F7
Immediately exercisable.