4//SEC Filing
Stoltz Thomas W 4
Accession 0001104659-22-036110
CIK 0001759008other
Filed
Mar 20, 8:00 PM ET
Accepted
Mar 21, 4:07 PM ET
Size
11.9 KB
Accession
0001104659-22-036110
Insider Transaction Report
Form 4
CarLotz, Inc.LOTZ
Stoltz Thomas W
Chief Financial Officer
Transactions
- Award
Stock Option (right to buy)
2022-03-17+199,434→ 199,434 totalExercise: $1.68Exp: 2032-03-17→ Class A Common Stock (199,434 underlying) - Award
Restricted Stock Units
2022-03-17+138,393→ 138,393 total→ Class A Common Stock (138,393 underlying)
Holdings
- 11,941
Class A Common Stock
- 506,167
Stock Option (right to buy)
Exercise: $11.35Exp: 2031-01-21→ Class A Common Stock (506,167 underlying) - 51,250
Restricted Stock Units
→ Class A Common Stock (51,250 underlying)
Footnotes (5)
- [F1]These options are service options that vest based on the passage of time and the Reporting Person's continued service with the Issuer. 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.
- [F2]Each restricted stock unit is convertible into a share of Class A common stock on a 1-for-1 basis.
- [F3]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 November 30, 2022, one-third of these restricted stock units vest on November 30, 2023 and one-third of these restricted stock units vest on November 30, 2024, assuming continued employment through the applicable vesting date.
- [F4]The option 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.
- [F5]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.
Documents
Issuer
CarLotz, Inc.
CIK 0001759008
Entity typeother
Related Parties
1- filerCIK 0001325540
Filing Metadata
- Form type
- 4
- Filed
- Mar 20, 8:00 PM ET
- Accepted
- Mar 21, 4:07 PM ET
- Size
- 11.9 KB