| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | AVCT | Restricted Stock Units | Award | $0 | +150,000 | $0.000000 | 150,000 | 22 Apr 2022 | Common Stock | 150,000 | Direct | F1, F2, F3 |
| Id | Content |
|---|---|
| F1 | Represents restricted stock units, each unit representing a contingent right to receive one share of the Issuer's common stock. |
| F2 | On April 26, 2022, the Reporting Person filed a Form 4 which inadvertently reported in Column 5 of Table II the acquisition of 1,500,000 restricted stock units. In fact, as reported in this amendment (and as correctly reported in Columns 7 and 9 of Table II of the Form 4 as originally filed), the Reporting Person acquired 150,000 restricted stock units. |
| F3 | Up to 50% of the restricted stock units shall vest at a rate of twelve and a half percent (12.5%) on each of April 1, 2023, 2024, 2025 and 2026 (each, a "Service Vesting Date"), provided the Reporting Person's service continues with the Issuer and its related entities through and on the applicable Service Vesting Date. Up to 50% of the restricted stock units shall vest at a rate of twelve and a half percent (12.5%) on each of December, 2022, 2023, 202 and 2025 (each, a "Performance Vesting Date"), provided the Reporting Person's service continues with the Issuer and its related entities through and on the applicable Performance Vesting Date, and the volume weighted average price per share of the Issuer's common stock for the twenty (20) trading days in the thirty (30) consecutive trading day period immediately preceding December 31, 2022, 2023, 2024, 2025, as applicable, meets target prices set by the Issuer's board of directors (each a "Share Price Target"). The Share Price Target for December 31, 2022 is $2.11. |