Sec Form 4 Filing - Kaplan Steven Neil @ Ignyte Acquisition Corp. - 2021-03-10

Insider filing report for Changes in Beneficial Ownership
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FORM 4
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
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 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]
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/YY)
03/10/2021
(Street)
NEW YORK, NY10019
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock, par value $0.0001 03/10/2021 P 5,000 A 5,000 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 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
(MM/DD/YY)
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)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Common Stock Warrants (right to buy) $ 11.5 03/10/2021 P 2,500 03/10/2021 ( 2 ) Common Stock 2,500 ( 1 ) 2,500 D
Reporting Owners
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, NY10019
X Chief Financial Officer
Signatures
/s/ Steven Kaplan 03/11/2021
Signature of Reporting Person Date
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.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* 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).

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