SEC Form 3 · accession 0000905718-18-000685

Datavault AI Inc. · DVLT

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Director

Period of report

Jul 27, 2018

Accepted (ET)

Jul 27, 2018 · 4:42 pm EDT

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0001682149

Table I — non-derivative securities

Security	Date	Code	Shares	Price	A/D	Owned after	D/I	Nature of ownership
Common Stock^F1	holding	—	—		—	1,970,348	I	See footnote

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Warrant (Right to Buy)^F1,F2	$3.60	holding	—	—	—	—	Nov 30, 2023	Common Stock	222,222	—	I
Warrant (Right to Buy)^F1,F2	$3.00	holding	—	—	—	—	Apr 20, 2023	Common Stock	92,600	—	I
Warrant (Right to Buy)^F1,F2	$3.00	holding	—	—	—	—	Jun 14, 2023	Common Stock	18,520	—	I
Warrant (Right to Buy)^F1,F2	$3.00	holding	—	—	—	—	Jun 25, 2023	Common Stock	69,450	—	I
Warrant (Right to Buy)^F1,F2	$3.00	holding	—	—	—	—	Jun 28, 2023	Common Stock	541,668	—	I

F1These securities of Summit Semiconductor, Inc. (the "Company") are held in equal portions by Medalist Partners Harvest Master Fund, Ltd. and Medalist Partners Opportunity Master Fund A, L.P. (together, the "Medalist Funds"), each of which is managed by Medalist Partners LP ("Medalist"). Brian Herr is an employee of Medalist and/or one of its affiliates, is a co-portfolio manager for each of the Medalist Funds and is a member of the board of directors of the Company. Mr. Herr does not individually hold or otherwise beneficially own any of these securities. Each of the Medalist Funds has delegated to Medalist, and to Mr. Herr as a co-portfolio manager for each of the Medalist Funds, the power to vote and the power to direct the disposition of these securities held by the Medalist Funds. Mr. Herr disclaims beneficial ownership of these securities, except to the extent of his pecuniary interest therein
F2These warrants are currently exercisable but contain a provision prohibiting exercise to the extent that the holder, together with its affiliates, would beneficially own in excess of 9.99% of the number of shares of the Company's common stock outstanding immediately after giving effect to such exercise, subject to increase or decrease upon prior written notice to the Company, in the case of any increase, of not less than 61 days