4//SEC Filing
Hanford Cindy 4
Accession 0001213900-20-031581
CIK 0001762322other
Filed
Oct 14, 8:00 PM ET
Accepted
Oct 15, 7:19 PM ET
Size
8.6 KB
Accession
0001213900-20-031581
Insider Transaction Report
Form 4
Hanford Cindy
See Remarks
Transactions
- Award
Non-Qualified Stock Option
2020-10-13+17,583→ 17,583 totalExercise: $0.31Exp: 2019-12-02→ Class A Common Stock (17,583 underlying) - Award
Incentive Stock Option
2020-10-13+29,812→ 29,812 totalExercise: $3.35Exp: 2019-12-02→ Class A Common Stock (29,812 underlying)
Footnotes (4)
- [F1]The options were granted on December 3, 2019. 0 options have vested. The remaining 17,583 options will vest in twenty three (23) substantially equal monthly installments from September 21, 2021 through July 21, 2023 .
- [F2]Received in exchange for an option to purchase 277,420 shares of common stock of Shift Technologies, Inc., a Delaware corporation ("Former Shift"), pursuant to the Agreement and Plan of Merger, dated as of June 29, 2020, by and among Insurance Acquisition Corp., a Delaware corporation ("IAC"), Former Shift, and IAC Merger Sub, Inc., a wholly-owned subsidiary of IAC (as amended by that certain First Amendment to Agreement and Plan of Merger, dated as of August 19, 2020, the "Merger").
- [F3]The options were granted on December 3, 2019. 16,173 options have vested. The remaining 13,639 options will vest in twelve (12) substantially equal monthly installments through September 21, 2021.
- [F4]Received pursuant to the Merger in exchange for an option to purchase 322,580 shares of Former Shift common stock.
Documents
Issuer
SHIFT TECHNOLOGIES, INC.
CIK 0001762322
Entity typeother
Related Parties
1- filerCIK 0001828635
Filing Metadata
- Form type
- 4
- Filed
- Oct 14, 8:00 PM ET
- Accepted
- Oct 15, 7:19 PM ET
- Size
- 8.6 KB