4//SEC Filing
Valerian Daniel A 4
Accession 0001104659-21-007194
CIK 0001759008other
Filed
Jan 24, 7:00 PM ET
Accepted
Jan 25, 4:28 PM ET
Size
23.1 KB
Accession
0001104659-21-007194
Insider Transaction Report
Form 4
CarLotz, Inc.LOTZ
Valerian Daniel A
Chief Technology Officer
Transactions
- Award
Stock Option (right to buy)
2021-01-21+183,469→ 183,469 totalExercise: $0.92Exp: 2030-08-10→ Class A Common Stock (183,469 underlying) - Award
Restricted Stock Units
2021-01-21+118,091→ 118,091 totalExp: 2026-01-21→ Class A Common Stock (118,091 underlying) - Award
Stock Option (right to buy)
2021-01-21+101,928→ 101,928 totalExercise: $0.24Exp: 2022-08-31→ Class A Common Stock (101,928 underlying) - Award
Stock Option (right to buy)
2021-01-21+305,782→ 305,782 totalExercise: $0.64Exp: 2022-08-31→ Class A Common Stock (305,782 underlying) - Award
Stock Option (right to buy)
2021-01-21+509,637→ 509,637 totalExercise: $0.92Exp: 2029-11-01→ Class A Common Stock (509,637 underlying) - Award
Stock Option (right to buy)
2021-01-21+61,156→ 61,156 totalExercise: $0.92Exp: 2028-04-23→ Class A Common Stock (61,156 underlying) - Award
Stock Option (right to buy)
2021-01-21+44,876→ 44,876 totalExercise: $11.35Exp: 2031-01-21→ Class A Common Stock (44,876 underlying) - Award
Restricted Stock Units
2021-01-21+30,837→ 30,837 total→ Class A Common Stock (30,837 underlying)
Footnotes (11)
- [F1]These options are fully vested and exercisable.
- [F10]These Restricted Stock Units were received in the Merger in exchange for options to purchase 114,000 shares of Former CarLotz common stock.
- [F11]These Restricted Stock Units vest in four equal annual installments beginning January 21, 2021.
- [F2]These options were received in exchange for options to purchase 10,000 shares of common stock of CarLotz Group, Inc. (f/k/a CarLotz, Inc. ("Former CarLotz"), pursuant to an Agreement and Plan of Merger, dated as of October 21, 2020 (as amended by Amendment No. 1, dated December 16, 2020, the "Merger Agreement"), by and among Former CarLotz, Acamar Partners Acquisition Corp. ("Acamar Partners") and Acamar Partners Sub, Inc. ("Merger Sub"). Merger Sub merged (the "Merger") with and into Former CarLotz, with Former CarLotz surviving the merger as a wholly owned subsidiary of Acamar Partners (which subsequently changed its name to "CarLotz, Inc..", the "Issuer").
- [F3]These options were received in the Merger in exchange for options to purchase 30,000 shares of Former CarLotz common stock.
- [F4]These options were received in the Merger in exchange for options to purchase 6,000 shares of Former CarLotz common stock.
- [F5]These options were received in the Merger in exchange for options to purchase 50,000 shares of Former CarLotz common stock.
- [F6]These options vest in four equal annual installments beginning January 21, 2021.
- [F7]These options were received in the Merger in exchange for options to purchase 18,000 shares of Former CarLotz common stock.
- [F8]Reflects Restricted Stock Units acquired pursuant to the Merger Agreement. Pursuant to earnout provisions in the Merger Agreement, the Restricted Stock Units will vest if, from the closing of the Merger until the fifth anniversary thereof, the closing share price of the Class A Common Stock exceeds the following thresholds. One-half will vest if the closing share price of the Class A Common Stock exceeds $12.50 for any 20 trading days within any 30 trading day period and one-half will vest if the closing share price of the Class A Common Stock exceeds $15.00 for any 20 trading days within any 30 trading day period.
- [F9]Each Restricted Stock Unit represents a contingent right to receive one share of Class A Common Stock.
Documents
Issuer
CarLotz, Inc.
CIK 0001759008
Entity typeother
Related Parties
1- filerCIK 0001842006
Filing Metadata
- Form type
- 4
- Filed
- Jan 24, 7:00 PM ET
- Accepted
- Jan 25, 4:28 PM ET
- Size
- 23.1 KB