4//SEC Filing
Sanders Elizabeth 4
Accession 0001104659-21-007774
CIK 0001759008other
Filed
Jan 25, 7:00 PM ET
Accepted
Jan 26, 6:47 PM ET
Size
16.1 KB
Accession
0001104659-21-007774
Insider Transaction Report
Form 4
CarLotz, Inc.LOTZ
Sanders Elizabeth
Chief Administrative Officer
Transactions
- Award
Restricted Stock Units
2021-01-21+41,888→ 41,888 totalExp: 2026-01-21→ Class A Common Stock (41,888 underlying) - Award
Restricted Stock Units
2021-01-21+5,507→ 5,507 total→ Class A Common Stock (5,507 underlying) - Award
Stock Option (right to buy)
2021-01-21+10,193→ 10,193 totalExercise: $0.64Exp: 2022-08-31→ Class A Common Stock (10,193 underlying) - Award
Stock Option (right to buy)
2021-01-21+407,709→ 407,709 totalExercise: $0.92Exp: 2029-11-01→ Class A Common Stock (407,709 underlying) - Award
Stock Option (right to buy)
2021-01-21+8,014→ 8,014 totalExercise: $11.35Exp: 2031-01-21→ Class A Common Stock (8,014 underlying)
Footnotes (8)
- [F1]These options are fully vested and exercisable.
- [F2]These options were received exchange for options to purchase 1,000 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 4,000 shares of Former CarLotz common stock.
- [F4]These options vest in four equal annual installments beginning January 21, 2021.
- [F5]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.
- [F6]Each Restricted Stock Unit represents a contingent right to receive one share of Class A Common Stock.
- [F7]These Restricted Stock Units were received in the Merger in exchange for options to purchase 41,000 shares of Former CarLotz common stock.
- [F8]These Restricted Stock Units vest in four equal annual installments beginning January 21, 2021.
Documents
Issuer
CarLotz, Inc.
CIK 0001759008
Entity typeother
Related Parties
1- filerCIK 0001842548
Filing Metadata
- Form type
- 4
- Filed
- Jan 25, 7:00 PM ET
- Accepted
- Jan 26, 6:47 PM ET
- Size
- 16.1 KB