SEC Form 3
FORM 3 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF 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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1. Name and Address of Reporting Person*
Desai Harshal

(Last) (First) (Middle)
C/O ATLAS TECHNICAL CONSULTANTS, INC.
13215 BEE CAVE PARKWAY BLDG B, SUITE 230

(Street)
AUSTIN TX 78738

(City) (State) (Zip)
2. Date of Event Requiring Statement (Month/Day/Year)
03/10/2023
3. Issuer Name and Ticker or Trading Symbol
ATLAS TECHNICAL CONSULTANTS, INC. [ ATCX ]
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
Chief Growth Officer
5. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5)
Class A common stock(1)(2)(3)(4)(5) 16,970 D
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4) 2. Date Exercisable and Expiration Date (Month/Day/Year) 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 6. Nature of Indirect Beneficial Ownership (Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. On July 16, 2021, the Reporting Person received an award of 3,144 restricted stock units ("RSUs") of which 1/3 vested on July 16, 2022, 1/3 will vest on July 16, 2023 and 1/3 will vest on July 16, 2024.
2. On March 18, 2022, the Reporting Person received an award of 6,887 unvested RSUs of which 1/3 will vest on March 18, 2023, 1/3 will vest on March 18, 2024 and 1/3 will vest on March 18, 2025.
3. On February 24, 2023, the Reporting Person received an award of 6,136 unvested RSUs of which 1/3 will vest on February 24, 2024, 1/3 will vest on February 24, 2025 and 1/3 will vest on February 24, 2026.
4. Each RSU represents the right to receive one share of Class A common stock, par value $0.0001 per share ("Class A common stock"), of Atlas Technical Consultants, Inc. Except as otherwise provided in the applicable RSU award agreement, the shares of Class A common stock underlying the RSUs will be delivered to the Reporting Person within 30 days of the applicable vesting date.
5. On July 16, 2022, the Reporting Person acquired 803 shares of Class A common stock at a price of $5.31 per share.
Remarks:
Exhibit List: Exhibit 24.1 - Power of Attorney
/s/ Harshal Desai by Bradford Twombly as Attorney-in-Fact 03/14/2023
** Signature of Reporting Person Date
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 5 (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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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 Number.