4//SEC Filing
Stoltz Thomas W 4
Accession 0001104659-21-145953
CIK 0001759008other
Filed
Dec 1, 7:00 PM ET
Accepted
Dec 2, 5:03 PM ET
Size
11.0 KB
Accession
0001104659-21-145953
Insider Transaction Report
Form 4
CarLotz, Inc.LOTZ
Stoltz Thomas W
Chief Financial Officer
Transactions
- Exercise/Conversion
Restricted Stock Units
2021-11-30−17,083→ 51,250 total→ Class A Common Stock (17,083 underlying) - Tax Payment
Class A Common Stock
2021-11-30$2.96/sh−5,142$15,220→ 11,941 total - Exercise/Conversion
Class A Common Stock
2021-11-30+17,083→ 17,083 total
Holdings
- 506,167
Stock Option (right to buy)
Exercise: $11.35Exp: 2031-01-21→ Class A Common Stock (506,167 underlying)
Footnotes (5)
- [F1]Each restricted stock unit is convertible into a share of Class A common stock on a 1-for-1 basis. The restricted stock units vested in Class A common stock on November 30, 2021.
- [F2]Shares withheld by the Company to satisfy tax withholding requirements.
- [F3]These options are service options that vest based on the passage of time and the reporting person's continued service with the Company. 126,541 of these options are currently exercisable and the remaining 379,626 become exercisable in three equal annual installments beginning on November 30, 2022.
- [F4]Each restricted stock unit is convertible into a share of Class A common stock on a 1-for-1 basis.
- [F5]These restricted stock units remain subject to a time-vesting requirement and are scheduled to vest and settle in Class A common stock as follows: one-fourth of these restricted stock units vested on November 30, 2021, one-fourth of these restricted stock units vest on November 30, 2022, one-fourth of these restricted stock units vest on November 30, 2023 and one-fourth of these restricted stock units vest on November 30, 2024, assuming continued employment through the applicable vesting date.
Documents
Issuer
CarLotz, Inc.
CIK 0001759008
Entity typeother
Related Parties
1- filerCIK 0001325540
Filing Metadata
- Form type
- 4
- Filed
- Dec 1, 7:00 PM ET
- Accepted
- Dec 2, 5:03 PM ET
- Size
- 11.0 KB