4//SEC Filing
Tuller Blima 4
Accession 0001213900-21-006522
CIK 0001762322other
Filed
Feb 2, 7:00 PM ET
Accepted
Feb 3, 5:18 PM ET
Size
6.5 KB
Accession
0001213900-21-006522
Insider Transaction Report
Form 4
Tuller Blima
Chief Revenue Officer
Transactions
- Award
Restricted Stock Units
2021-02-02+30,584→ 30,584 total→ Class A Common Stock (30,584 underlying)
Footnotes (2)
- [F1]Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of Class A common stock, par value $0.001 per share, of Shift Technologies, Inc. (the "Company").
- [F2]On November 20, 2021, 25% of the RSUs will vest, plus a number of RSUs equal to the product of 0.06849% of the total number of RSUs and the number of days elapsed during the period from October 15, 2021 to November 20, 2021. 1/16 of the RSUs will vest in quarterly installments (on each of February 20, May 20, August 20 and November 20) thereafter, provided that the number of RSUs vesting on the final quarterly vesting date of November 20, 2024 shall not exceed, when combined with previously vested RSUs, the aggregate number of RSUs granted. Vesting is subject to continued employment with the Company or an affiliate of the Company. Vested RSUs are settled during the first open trading window of the Company following each calendar quarter; however, any RSUs vested on or before December 31, 2021 shall be settled during the first open trading window of the Company following December 31, 2021.
Documents
Issuer
SHIFT TECHNOLOGIES, INC.
CIK 0001762322
Entity typeother
Related Parties
1- filerCIK 0001412316
Filing Metadata
- Form type
- 4
- Filed
- Feb 2, 7:00 PM ET
- Accepted
- Feb 3, 5:18 PM ET
- Size
- 6.5 KB