4//SEC Filing
Stoltz Thomas W 4
Accession 0001104659-22-125190
CIK 0001759008other
Filed
Dec 6, 7:00 PM ET
Accepted
Dec 7, 4:22 PM ET
Size
13.7 KB
Accession
0001104659-22-125190
Insider Transaction Report
Form 4
CarLotz, Inc.LOTZ
Stoltz Thomas W
Chief Financial Officer
Transactions
- Exercise/Conversion
Class A Common Stock
2022-11-30+17,083→ 29,024 total - Exercise/Conversion
Restricted Stock Units
2022-11-30−17,083→ 34,167 total→ Class A Common Stock (17,083 underlying) - Tax Payment
Class A Common Stock
2022-12-05$0.17/sh−5,043$862→ 23,981 total
Holdings
- 138,393
Restricted Stock Units
→ Class A Common Stock (138,393 underlying) - 506,167
Stock Option (right to buy)
Exercise: $11.35Exp: 2031-01-21→ Class A Common Stock (506,167 underlying) - 199,434
Stock Option (right to buy)
Exercise: $1.68Exp: 2032-03-17→ Class A Common Stock (199,434 underlying)
Footnotes (7)
- [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 November 30, 2022.
- [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. 253,083 of these options are currently exercisable and the remaining 253,084 become exercisable in two equal annual installments beginning on November 30, 2023.
- [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-half of the remaining restricted stock units vest on November 30, 2023 and one-half of the remaining restricted stock units vest on November 30, 2024, assuming continued employment through the applicable vesting date.
- [F6]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.
- [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.
Documents
Issuer
CarLotz, Inc.
CIK 0001759008
Entity typeother
Related Parties
1- filerCIK 0001325540
Filing Metadata
- Form type
- 4
- Filed
- Dec 6, 7:00 PM ET
- Accepted
- Dec 7, 4:22 PM ET
- Size
- 13.7 KB