ALTAF NAZERALI - 23 Jul 2021 Form 4 Insider Report for ARVANA INC (AVNI)

Role
10%+ Owner
Signature
/s/ Altaf Nazerali
Issuer symbol
AVNI
Transactions as of
23 Jul 2021
Net transactions value
+$951,101
Form type
4
Filing time
30 Jul 2021, 12:30:43 UTC
Next filing
09 Dec 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AVNI Common Stock, Par Value $0.001 Per Share Other $15,750 +393,750 +35% $0.0400* 1,506,660 23 Jul 2021 Direct
transaction AVNI Common Stock, Par Value $0.001 Per Share Other $10,375 +259,375 +23% $0.0400* 1,392,065 23 Jul 2021 By International Portfolio Management Inc. F1
transaction AVNI Common Stock, Par Value $0.001 Per Share Other $924,976 +23,124,399 +6084% $0.0400* 23,504,489 23 Jul 2021 By Valor Invest Ltd F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Reporting Person has the legal title to the underlying common shares, although the voting rights for which shares (including the resultant transfer of control over the Issuer), effective June. 30, 2021,(as reported to the Commission on July 7, 2021, and July 29, 2021), were conveyed to a third person, without the power to dispose or direct the disposition of said shares, for a fourteen (14) month period that commenced on the effective date to act as inducement to secure an operating asset or business combination for the Issuer with an enterprise owned or controlled by said third person pursuant to a transaction yet to be identified.