12/11/2025 | Press release | Distributed by Public on 12/11/2025 20:26
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FORM 4
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES 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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| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
| Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) | ||
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1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) |
4. Transaction 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 (Month/Day/Year) |
7. Title and Amount of Underlying Securities (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) |
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| Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
| Reporting Owner Name / Address | Relationships | |||
| Director | 10% Owner | Officer | Other | |
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Panigrahi Bhaskar C/O CONNECTM TECHNOLOGY SOLUTIONS, INC. 2 MOUNT ROYAL AVE., SUITE 550 MARLBOROUGH, MA 01752 |
X | See Remarks | ||
| /s/ Bhaskar Panigrahi, individually and as Managing Member of Avanti Holdings, LLC | 12/11/2025 | |
| **Signature of Reporting Person | Date |
| * | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
| ** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
| (1) | The Reporting Person inadvertently failed to timely file Form 4 within the required reporting period. 194,900 shares were purchased on November 28, 2025 on the open market through the Reporting Person's brokerage account and are held in the name of the Reporting Person. |
| (2) | The Reporting Person inadvertently failed to timely file Form 4 within the required reporting period. 102,500 shares were acquired by Avanti Holdings LLC on November 28, 2025 on the open market through the Avanti Holdings LLC brokerage account. These shares are held by Avanti Holdings LLC, of which the Reporting Person is the controlling equity holder. As such, the Reporting Person may be deemed to have beneficial ownership of such shares. The Reporting Person disclaims any beneficial ownership of the reported shares other than to the extent of any pecuniary interest he may have therein, directly or indirectly. |
| (3) | Consists of (i) 3,688,160 shares held by Avanti Holdings LLC, (ii) 900,466 shares held by Mr. Panigrahi and (iii) 127,838 shares held by Southwood Partners LP. Mr. Panigrahi is an equity holder of Avanti Holdings LLC and Southwood Partners LP. |
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Remarks: Chairman of the Board of Directors and Chief Executive Officer |
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