Mark R. Quinlan - 03 Mar 2025 Form 4 Insider Report for COMTECH TELECOMMUNICATIONS CORP /DE/ (CMTL)

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
04 Mar 2025, 16:14:46 UTC
Prior SEC filing
18 Oct 2024
Next SEC filing
26 Mar 2026
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Mark R. Quinlan

Key filing fact

Mark R. Quinlan filed Form 4 for COMTECH TELECOMMUNICATIONS CORP /DE/ (CMTL) on 04 Mar 2025.

Key facts

  • This page summarizes Mark R. Quinlan's Form 4 filing for COMTECH TELECOMMUNICATIONS CORP /DE/ (CMTL).
  • 3 reported transactions and 3 derivative rows are listed below.
  • Accepted by SEC: 04 Mar 2025, 16:14.

Change

  • Previous filing in this sequence was filed on 18 Oct 2024.
  • 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

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported derivative securities

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

CMTL transaction Derivative

Series B-2 Convertible Preferred Stock

Disposed to Issuer

Transaction value
Shares
-30,918
Change %
-100%
Price
Shares after
0
Date
03 Mar 2025
Ownership
See footnote
Underlying class
Common Stock
Underlying amount
4,273,817
Exercise price
Footnotes
F1, F2, F3, F4, F5, F6
CMTL transaction Derivative

Series B-3 Convertible Preferred Stock

Award

Transaction value
Shares
+30,918
Change %
Price
Shares after
30,918
Date
03 Mar 2025
Ownership
See footnote
Underlying class
Common Stock
Underlying amount
4,273,817
Exercise price
Footnotes
F5, F6, F7, F8, F9
CMTL transaction Derivative

Series B-3 Convertible Preferred Stock

Award

Transaction value
Shares
+30
Change %
+0.1%
Price
Shares after
30,947
Date
03 Mar 2025
Ownership
See footnote
Underlying class
Common Stock
Underlying amount
4,124
Exercise price
Footnotes
F6, F7, F8, F9, F10
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 10 footnotes

Footnote F1

Conversion price of $7.99.

Footnote F2

Holders of Series B-2 Convertible Preferred Stock had the right to convert their shares of Series B-2 Convertible Preferred Stock at any time. Subject to the terms and conditions set forth in the Certificate of Designations of the Series B-2 Convertible Preferred Stock, the Issuer had the right to designate any business day after July 22, 2027 as a conversion date for all or any portion that is a whole number of the outstanding shares of Series B-2 Convertible Preferred Stock.

Footnote F3

The Series B-2 Convertible Preferred Stock had no expiration date.

Footnote F4

Includes accumulated dividends through March 2, 2025.

Footnote F5

The shares of Series B-2 Convertible Preferred Stock were exchanged for an equal number of shares of Series B-3 Convertible Preferred Stock.

Footnote F6

The securities reported herein are held by funds managed by White Hat Capital Partners LP, a Delaware limited partnership (the "WH Investment Manager"). Mr. Mark R. Quinlan (the "Reporting Person") serves as the co-managing member of the general partner of the WH Investment Manager. The filing of this statement shall not be deemed an admission that the Reporting Person is the beneficial owner of the securities reported herein for purposes of Section 16 of the Securities Act of 1934, as amended, or otherwise. The Reporting Person expressly disclaims beneficial ownership of the securities reported herein except to the extent of his pecuniary interest therein.

Footnote F7

Conversion price of $7.99, subject to adjustments as set forth in the Certificate of Designations of the Series B-3 Convertible Preferred Stock (the "Series B-3 CoD").

Footnote F8

Holders of Series B-3 Convertible Preferred Stock have the right to convert their shares of Series B-3 Convertible Preferred Stock at any time. Subject to the terms and conditions set forth in the Series B-3 CoD, the Issuer has the right to designate any business day after July 22, 2027 as a conversion date for all or any portion that is a whole number of the outstanding shares of Series B-3 Convertible Preferred Stock.

Footnote F9

The Series B-3 Convertible Preferred Stock has no expiration date.

Footnote F10

Issued as March 2025 Additional Shares as defined and as described in that certain Subscription and Exchange Agreement dated as of March 3, 2025 by and among the Issuer and the investors listed on the signature pages attached thereto, attached as Exhibit 10.3 to the Issuer's Current Report on Form 8-K filed with the Securities and Exchange Commission on March 4, 2025.

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