4//SEC Filing
Kaya Ozan 4
Accession 0001104659-22-122546
CIK 0001759008other
Filed
Nov 27, 7:00 PM ET
Accepted
Nov 28, 9:00 PM ET
Size
7.5 KB
Accession
0001104659-22-122546
Insider Transaction Report
Form 4
CarLotz, Inc.LOTZ
Kaya Ozan
President
Transactions
- Sale
Class A Common Stock
2022-11-23$0.18/sh−129,969$23,018→ 970,031 total
Holdings
- 1,100,000
Restricted Stock Units
→ Class A Common Stock (1,100,000 underlying)
Footnotes (4)
- [F1]The sale reported in the Form 4 was effected pursuant to a Rule 10b5-1 instruction solely with the intent to cover withholding taxes in connection with the settlement of restricted stock.
- [F2]The reported transaction involved the sale of 129,969 shares of restricted stock upon the accelerated vesting of 275,000 shares of restricted stock to cover withholding taxes in connection with the settlement of restricted stock. The total reported in Column 5 includes 970,031 shares of restricted stock that resulted from the amendment of 1,100,000 restricted stock units previously reported on Table II of Form 4 by the Reporting Person. As such, there are no new or incremental awards being made the Reporting Person.
- [F3]Each restricted stock unit is convertible into a share of Class A common stock on a 1-for-1 basis.
- [F4]These restricted stock units will vest if the following provisions are met: (i) one-third of the shares will vest on the first day the Issuer's stock achieves a 20-trading day volume-weighted average price of $4.00; (ii) one-third of the shares will vest on the first day the Issuer's stock achieves a 20-trading day volume-weighted average price of $8.00; and (iii) one-third of the shares will vest on the first day the Issuer's stock achieves a 20-trading day volume-weighted average price of $12.00, 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 0001927112
Filing Metadata
- Form type
- 4
- Filed
- Nov 27, 7:00 PM ET
- Accepted
- Nov 28, 9:00 PM ET
- Size
- 7.5 KB