Michael Tessler - May 2, 2022 Form 4 Insider Report for American Virtual Cloud Technologies, Inc. (AVCT)

Role: Director
Signature: /s/ Jason Simon, Attorney-in-Fact
Stock symbol: AVCT
Transactions as of: May 2, 2022
Transactions value $: -$32,988
Form type: 4
Date filed: 8/11/2022, 04:09 PM
Previous filing: Apr 27, 2022
Next filing: Jun 15, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	AVCT	Common Stock	Sale	-$25.4K	-41.7K	-4.17%	$0.61^*	958K	May 2, 2022	Direct	F1
transaction	AVCT	Common Stock	Sale	-$7.56K	-41.7K	-4.35%	$0.18^*	917K	Aug 2, 2022	Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	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.
F2	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.

Content

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.

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.