Statement of Changes in Beneficial Ownership (4)
March 12 2021 - 1:45PM
Edgar (US Regulatory)
FORM 4
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
*
Kaplan Steven Neil |
2. Issuer Name and Ticker or Trading Symbol
Ignyte Acquisition Corp.
[
IGNYU
]
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) Chief Financial Officer |
(Last)
(First)
(Middle)
C/O IGNYTE ACQUISITION CORP., 640 FIFTH AVENUE, 4TH FLOOR |
3. Date of Earliest Transaction
(MM/DD/YYYY)
3/10/2021 |
(Street)
NEW YORK, NY 10019
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security (Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code (Instr. 8)
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4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Common Stock, par value $0.0001 | 3/10/2021 | | P | | 5000 | A | (1) | 5000 | D | |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Trans. Date | 3A. Deemed Execution Date, if any | 4. Trans. Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) |
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Common Stock Warrants (right to buy) | $11.50 | 3/10/2021 | | P | | 2500 | | 3/10/2021 | (2) | Common Stock | 2500 | (1) | 2500 | D | |
Explanation of Responses: |
(1) | The reported securities are included within 5,000 Units purchased by the reporting person at a weighted average price of $10.35 per Unit. The Units were purchased in multiple transactions at prices ranging from $10.33 to $10.37, inclusive. 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 Units purchased at each separate price within the ranges set forth in this footnote (1) to this Form 4. Each Unit consists of one share of common stock and one half of one warrant to purchase one share of common stock. |
(2) | The warrants expire on the fifth anniversary of the Issuer's completion of an initial business combination, at 5:00 p.m., New York City time, or earlier upon redemption or liquidation. |
Remarks: The reporting person is a member of and holds a non-controlling interest in Ignyte Sponsor LLC (the "Sponsor"), which beneficially owns 1,437,500 shares of common stock of the Issuer and 2,500,000 warrants of the Issuer. The reporting person disclaims any beneficial ownership of the securities held by the Sponsor other than to the extent of his pecuniary interest therein. |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
Kaplan Steven Neil C/O IGNYTE ACQUISITION CORP. 640 FIFTH AVENUE, 4TH FLOOR NEW YORK, NY 10019 | X |
| Chief Financial Officer |
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Signatures
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/s/ Steven Kaplan | | 3/11/2021 |
**Signature of Reporting Person | Date |
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