4//SEC Filing
Vernhes Paul 4
Accession 0001213900-20-031308
CIK 0001762322other
Filed
Oct 13, 8:00 PM ET
Accepted
Oct 14, 5:28 PM ET
Size
7.9 KB
Accession
0001213900-20-031308
Insider Transaction Report
Form 4
Vernhes Paul
Chief Financial Officer
Transactions
- Exercise/Conversion
Class A Common Stock
2020-10-13+75,000→ 75,000 total(indirect: See Footnote) - Exercise/Conversion
Class B Common Stock
2020-10-13−75,000→ 0 total→ Class A Common Stock (75,000 underlying)
Footnotes (2)
- [F1]On October 13, 2020, the issuer acquired Shift Technologies, Inc. ("Shift") by the merger (the "Merger") of IAC Merger Sub, Inc., a wholly-owned subsidiary of the issuer, with and into Shift, with Shift surviving as a wholly-owned subsidiary of the issuer. As a result of the Merger, the outstanding shares of Class B Common Stock beneficially owned by the reporting person converted automatically into shares of Class A Common Stock on a one-for-one basis.
- [F2]These shares are held directly by Dioptra Advisors, LLC. The reporting person disclaims beneficial ownership of these securities, except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for any other purpose.
Documents
Issuer
SHIFT TECHNOLOGIES, INC.
CIK 0001762322
Entity typeother
Related Parties
1- filerCIK 0001386613
Filing Metadata
- Form type
- 4
- Filed
- Oct 13, 8:00 PM ET
- Accepted
- Oct 14, 5:28 PM ET
- Size
- 7.9 KB