4//SEC Filing
Mitchell David R 4
Accession 0001104659-22-069116
CIK 0001759008other
Filed
Jun 7, 8:00 PM ET
Accepted
Jun 8, 6:03 AM ET
Size
12.3 KB
Accession
0001104659-22-069116
Insider Transaction Report
Form 4
CarLotz, Inc.LOTZ
Mitchell David R
Director10% Owner
Transactions
- Award
Restricted Stock Units
2022-06-02+435,330→ 435,330 total(indirect: See Footnote)→ Class A Common Stock (435,330 underlying) - Exercise/Conversion
Restricted Stock Units
2022-06-02−49,540→ 0 total(indirect: See Footnote)→ Class A Common Stock (49,540 underlying) - Exercise/Conversion
Class A Common Stock
2022-06-02+49,540→ 21,799,776 total(indirect: See Footnote)
Footnotes (6)
- [F1]These shares of Class A common stock reflect the settlement of Restricted Stock Units of the Issuer on June 2, 2022. Each Restricted Stock Unit is convertible into a share of Class A common stock on a 1-for-1 basis.
- [F2]The Reporting Person is a Managing Director of TRP Capital Partners, LP ("TRP"). The Reporting Person may be deemed to be the beneficial owner of all or a portion of the securities reported herein. The filing of this statement shall not be deemed to be an admission that the Reporting Person is subject to Section 16 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or that, for purposes of Section 16 of the Exchange Act or otherwise, the Reporting Person is the beneficial owner of any securities reported herein, and the Reporting Person disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein.
- [F3]Each Restricted Stock Unit represents a contingent right to receive one share of Class A Common Stock.
- [F4]These Restricted Stock Units were granted pursuant to the Issuer's 2020 Incentive Award Plan, consisting of 24,770 Restricted Stock Units granted to the Reporting Person and 24,770 Restricted Stock Units granted to Steven G. Carrel in their capacity as directors of the Issuer. These Restricted Stock Units vest on the earlier of (i) the day immediately preceding the date of the first annual meeting of stockholders following the date of grant and (ii) the first anniversary of the date of grant. Each of the Reporting Person and Steven G. Carrel has an understanding with TRP pursuant to which he holds such Restricted Stock Units for the benefit of TRP.
- [F5]These Restricted Stock Units vest on the earlier of (i) the day immediately preceding the date of the first annual meeting of stockholders following the date of grant and (ii) the first anniversary of the date of grant.
- [F6]These Restricted Stock Units were granted pursuant to the Issuer's 2020 Incentive Award Plan, consisting of 217,665 Restricted Stock Units granted to the Reporting Person and 217,665 Restricted Stock Units granted to Steven G. Carrel in their capacity as directors of the Issuer. These Restricted Stock Units vest on the earlier of (i) the day immediately preceding the date of the first annual meeting of stockholders following the date of grant and (ii) the first anniversary of the date of grant. Each of the Reporting Person and Steven G. Carrel has an understanding with TRP pursuant to which he holds such Restricted Stock Units for the benefit of TRP.
Documents
Issuer
CarLotz, Inc.
CIK 0001759008
Entity typeother
Related Parties
1- filerCIK 0001311306
Filing Metadata
- Form type
- 4
- Filed
- Jun 7, 8:00 PM ET
- Accepted
- Jun 8, 6:03 AM ET
- Size
- 12.3 KB