4//SEC Filing
POLAK REBECCA C. 4
Accession 0001104659-21-007205
CIK 0001759008other
Filed
Jan 24, 7:00 PM ET
Accepted
Jan 25, 4:35 PM ET
Size
11.2 KB
Accession
0001104659-21-007205
Insider Transaction Report
Form 4
CarLotz, Inc.LOTZ
POLAK REBECCA C.
CCO and GC
Transactions
- Award
Restricted Stock Units
2021-01-21+127,175→ 127,175 total→ Class A Common Stock (127,175 underlying) - Award
Restricted Stock Units
2021-01-21+86,175→ 86,175 totalExp: 2026-01-21→ Class A Common Stock (86,175 underlying) - Award
Stock Option (right to buy)
2021-01-21+303,700→ 303,700 totalExercise: $11.35Exp: 2031-01-21→ Class A Common Stock (303,700 underlying)
Footnotes (5)
- [F1]These options vest in four equal annual installments beginning October 26, 2020.
- [F2]Each Restricted Stock Unit represents a contingent right to receive one share of Class A Common Stock.
- [F3]These Restricted Stock Units vest in four equal annual installments beginning October 26, 2020.
- [F4]These Restricted Stock Units will vest if the following earnout provisions for Former CarLotz stockholders to receive certain additional shares pursuant to the 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"), are met.
- [F5]These 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.
Documents
Issuer
CarLotz, Inc.
CIK 0001759008
Entity typeother
Related Parties
1- filerCIK 0001478001
Filing Metadata
- Form type
- 4
- Filed
- Jan 24, 7:00 PM ET
- Accepted
- Jan 25, 4:35 PM ET
- Size
- 11.2 KB