Amir Avniel - Dec 1, 2021 Form 4 Insider Report for Beyond Air, Inc. (XAIR)

Role: COO and President, Director
Signature: /s/ Amir Avniel
Stock symbol: XAIR
Transactions as of: Dec 1, 2021
Transactions value $: -$448,301
Form type: 4
Date filed: 12/3/2021, 03:15 PM
Previous filing: Nov 24, 2021
Next filing: Mar 7, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	XAIR	Common Stock	Sale	-$448K	-32.7K	-7.49%	$13.72^*	404K	Dec 1, 2021	Direct	F1, F2

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

Explanation of Responses:

Id	Content
F1	As previously reported, on November 23, 2021, shares of common stock, par value $0.0001 per share, of Beyond Air, Inc. (the "Company") were issued to the reporting person in connection with the exercise of a warrant to purchase 43,334 shares of common stock of the Company for $3.66 a share on a cashless exercise basis, resulting in the Company's withholding of 10,659 of the warrant shares to pay the exercise price and issuing to the reporting person the remaining 32,675 shares of common stock of the Company. These transactions were exempt from Section 16(b) of the Securities Exchange Act of 1934 pursuant to Rule 16b-3. On December 1, 2021, the reporting person sold the 32,675 shares of common stock of the Company acquired in connection with the warrant exercise.
F2	The sale price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $13.46 to $14.25, inclusive. The reporting person undertakes to provide to the Company, any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in this footnote (2) to this Form 4.

Content

As previously reported, on November 23, 2021, shares of common stock, par value $0.0001 per share, of Beyond Air, Inc. (the "Company") were issued to the reporting person in connection with the exercise of a warrant to purchase 43,334 shares of common stock of the Company for $3.66 a share on a cashless exercise basis, resulting in the Company's withholding of 10,659 of the warrant shares to pay the exercise price and issuing to the reporting person the remaining 32,675 shares of common stock of the Company. These transactions were exempt from Section 16(b) of the Securities Exchange Act of 1934 pursuant to Rule 16b-3. On December 1, 2021, the reporting person sold the 32,675 shares of common stock of the Company acquired in connection with the warrant exercise.

The sale price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $13.46 to $14.25, inclusive. The reporting person undertakes to provide to the Company, any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in this footnote (2) to this Form 4.