Chapman Michael C 4
4 · CarLotz, Inc. · Filed Dec 9, 2021
Insider Transaction Report
Form 4
CarLotz, Inc.LOTZ
Chapman Michael C
Chief Marketing Officer
Transactions
- Tax Payment
Class A Common Stock
2021-12-07$3.02/sh−2,571$7,764→ 5,970 total - Exercise/Conversion
Restricted Stock Units
2021-12-07−8,541→ 25,625 total→ Class A Common Stock (8,541 underlying) - Exercise/Conversion
Class A Common Stock
2021-12-07+8,541→ 8,541 total
Holdings
- 253,084
Stock Option (right to buy)
Exercise: $11.35Exp: 2031-01-21→ Class A Common Stock (253,084 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 December 7, 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. 63,271 of these options are currently exercisable and the remaining 189,813 become exercisable in three equal annual installments beginning on December 7, 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 schedule to vest and settle in Class A common stock as followed: one-fourth of these restricted stock units vested on December 7, 2021, one-fourth of these restricted stock units vest on December 7, 2022, one-fourth of these restricted stock units vest on December 7, 2023 and one-fourth of these restricted stock units vest on December 7, 2024, assuming continued employment through the applicable vesting date.