Tessler Michael's Form 4 filing

American Virtual Cloud Technologies, Inc. (AVCT) · filed Aug 11, 2022

Accession no.: 0001213900-22-046870
Filed: Aug 11, 2022, 4:09 PM ET
Trade date: May 2-Aug 2, 2022
Filing delay: 101 daysLate
Rule 10b5-1 plan: Not on the form (before 2023)

Original on SEC EDGAR (opens in a new tab)

This filing lists 2 non-derivative transactions. Open-market sales total $33.0K. It was filed 101 days after the trade, past the 2-business-day deadline.

Reporting owners

A Form 4 can have several reporting owners, such as a person and a fund they control. Trade tables show the first one.

Reporting owners on this filing
Owner	Relationship to the company
Tessler MichaelCIK 0001488201	Director

Non-derivative securities (Table I)

Acquisitions and disposals of common stock and similar shares, one row per line on the filing.

Non-derivative transactions
Trade date	Security	Transaction	Shares	Price	Value	Shares after	Ownership	Flags
May 2, 2022	Common Stock	SSaleDisposed	−41,667	$0.6102^F1	−$25,425.2	958,333	Direct
Aug 2, 2022	Common Stock	SSaleDisposed	−41,667	$0.1815^F2	−$7,562.56	916,666	Direct

Footnotes and remarks

Livermore keeps the footnotes that transaction prices refer to, all footnotes of amendments (Form 4/A) and the filing's remarks. Other footnotes, such as how indirect holdings are held or the details of a trading plan, are only in the original on SEC EDGAR.

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $0.59 to $0.64 per share. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold by him at each separate price on May 2, 2022. These sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on January 31, 2022.

Referenced by the price of 1 transaction in Table I.

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $0.18 to $0.19 per share. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold by him at each separate price on August 2, 2022. These sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on January 31, 2022.

Referenced by the price of 1 transaction in Table I.

Read the full filing on SEC EDGAR (opens in a new tab)