Foy Sean 4
4 · SHIFT TECHNOLOGIES, INC. · Filed Nov 25, 2020
Insider Transaction Report
Form 4
Foy Sean
See Remarks
Transactions
- Purchase
Class A Common Stock
2020-11-25$8.10/sh+12,500$101,225→ 138,301 total
Footnotes (2)
- [F1]Price reported constitutes the average weighted price of shares purchased. Shares were purchased at varying prices in the range of $8.05 - $8.10. The reporting person hereby undertakes, upon request of the Commission, the issuer or a security holder of the issuer, to provide full information regarding the number of shares purchased at each separate price.
- [F2]Includes 17,949 shares held in escrow ("Additional Shares"). If the reported closing sale price of the company's common stock does not exceed $12.00 per share for 20 out of any 30 consecutive trading days during the first 12 months following October 13, 2020, which we refer to as the First Threshold, then fifty percent (50%) of the Additional Shares will be returned to the company (and either placed into treasury or retired, in the discretion of the company). If the First Threshold is reached, such Additional Shares will be released from escrow. If the reported closing sale price of our common stock does not exceed $15.00 per share for 20 out of any 30 consecutive trading days during the first 30 months following October 13, 2020, which we refer to as the Second Threshold, then fifty percent (50%) of the Additional Shares will be returned to the company (and either placed into treasury or retired, in the discretion of the company). If the Second Threshold is reached, such Additional Shares will be released from escrow.