Sanders Elizabeth 4
4 · CarLotz, Inc. · Filed Mar 21, 2022
Insider Transaction Report
Form 4
CarLotz, Inc.LOTZ
Sanders Elizabeth
Chief Administrative Officer
Transactions
- Award
Stock Option (right to buy)
2022-03-17+145,823→ 145,823 totalExercise: $1.68Exp: 2032-03-17→ Class A Common Stock (145,823 underlying) - Award
Restricted Stock Units
2022-03-17+101,191→ 101,191 total→ Class A Common Stock (101,191 underlying)
Holdings
- 969
Class A Common Stock
- 10,193
Stock Option (right to buy)
Exercise: $0.64Exp: 2022-08-31→ Class A Common Stock (10,193 underlying) - 407,709
Stock Option (right to buy)
Exercise: $0.92Exp: 2029-11-01→ Class A Common Stock (407,709 underlying) - 8,014
Stock Option (right to buy)
Exercise: $11.35Exp: 2031-01-21→ Class A Common Stock (8,014 underlying) - 41,888
Restricted Stock Units
Exp: 2026-01-21→ Class A Common Stock (41,888 underlying) - 4,130
Restricted Stock Units
→ Class A Common Stock (4,130 underlying)
Footnotes (7)
- [F1]These options are fully vested and exercisable.
- [F2]These options are service options that vest based on the passage of time and the Reporting Person's continued service with the Issuer. 2,003 of these options are currently exercisable and the remaining 6,011 become exercisable in three equal annual installments beginning on January 21, 2023.
- [F3]These restricted stock units will vest if, prior to January 21, 2026, 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.
- [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-third of these restricted stock units vest on January 21, 2023, one-third of these restricted stock units vest on January 21, 2024 and one-third of these restricted stock units vest on January 21, 2025, assuming continued employment through the applicable vesting date.
- [F6]The options will vest and become exercisable in three equal annual installments commencing on March 17, 2023, subject to the Reporting Person's continuous service with the Issuer through the relevant vesting dates.
- [F7]The restricted stock units will vest in three equal annual installments commencing on March 17, 2023, subject to the Reporting Person's continuous service with the Issuer through the relevant vesting dates.