January 22, 2024 · Form 4 insider transaction
Quinlan Mark R. sold 20,000 shares of Comtech Telecommunications Corp., a transaction worth N/A. The trade was recorded as disposition to the issuer and disclosed on an SEC Form 4, filed 1 day after the transaction.
Conversion price of $23.97.; The shares of Series A-1 Convertible Preferred Stock were exchanged for a number of shares of Series B Convertible Preferred Stock equal to the product obtained by multiplying (x) the number of Series A-1 Convertible Preferred Stock being exchanged, by (y) 1.1572122.; Holders of Series A-1 Convertible Preferred Stock had the right to convert their shares of Series A-1 Convertible Preferred Stock at any time. Subject to the terms and conditions set forth in the Certificate of Designations of the Series A-1 Convertible Preferred Stock, the Issuer had the right to designate any business day after October 19, 2024 as a conversion date for all or any portion that is a whole number of the outstanding shares of Series A-1 Convertible Preferred Stock.; The Series A-1 Convertible Preferred Stock had no expiration date.; Includes accumulated dividends through January 21, 2024.; The securities reported herein are held by funds managed by White Hat Capital Partners LP, a Delaware limited partnership (the "WH Investment Manager"). Mr. Mark R. Quinlan (the "Reporting Person") serves as the co-managing member of the general partner of the WH Investment Manager. The filing of this statement shall not be deemed an admission that the Reporting Person is the beneficial owner of the securities reported herein for purposes of Section 16 of the Securities Act of 1934, as amended, or otherwise. The Reporting Person expressly disclaims beneficial ownership of the securities reported herein except to the extent of his pecuniary interest therein.