ELLIS U. BERTRAM JR. exercised options at AMERICAN VIRTUAL CLOUD TECHNOLOGIES, INC.
Option exercise — a mechanical event triggered by vesting or expiry. Not a discretionary conviction trade.
M · 1 exercise
Filed: 9/13/2021ACC: 0001213900-21-047667
Director
Since Apr 2020
+424.56K
Net shares
Net buyer
$1.36M
Total acquired
0
Open market trades
0B · 0S
5
Total transactions
424.56K acquired
Non-Derivative Transactions2
Common Stock
Direct
Shares
+15K
Price / share
—
Trade value
—
% of position
55.6%
4/7/2021
27K→42K
Common Stock
Direct
Shares
+394.56K
Price / share
$3.45
Trade value
$1.36M
% of position
939.4%
9/8/2021
42K→436.56K
Total
Net shares
+409.56K
Net value
$1.36M
| Security | Date | Type | Shares | Price / Share | Trade Value | % of Position | Held Before | Held After |
|---|---|---|---|---|---|---|---|---|
| Common Stock Direct | 4/7/2021 | M · Option Exercise | +15K | — | — | 55.6% | 27K | 42K |
| Common Stock Direct | 9/8/2021 | C · Conversion | +394.56K | $3.45 | $1.36M | 939.4% | 42K | 436.56K |
| Total | +409.56K | $1.36M | ||||||
Derivative Transactions3
Restricted Stock Units
Direct
Converts to
Common Stock
15K shares
Shares
+15K
Strike price
Held after
45K
Exercisable
—
4/7/2021
Series A-1 convertible debentures
Direct
Converts to
Common Stock
83.42K shares
Shares
+N/A
Strike price
3.45
Held after
0.00
Exercisable
—
9/8/2021
Series A convertible debentures
Direct
Converts to
Common Stock
311.14K shares
Shares
+N/A
Strike price
3.45
Held after
0.00
Exercisable
—
9/8/2021
| Security | Converts To | Date | Type | Shares | Strike Price | Exercisable | Held After |
|---|---|---|---|---|---|---|---|
| Restricted Stock Units Direct | Common Stock15K shares | 4/7/2021 | M · Option Exercise | +15K | — | 45K | |
| Series A-1 convertible debentures Direct | Common Stock83.42K shares | 9/8/2021 | C · Conversion | +N/A | 3.45 | — | 0.00 |
| Series A convertible debentures Direct | Common Stock311.14K shares | 9/8/2021 | C · Conversion | +N/A | 3.45 | — | 0.00 |