Russell Tobias 4
4 · SHIFT TECHNOLOGIES, INC. · Filed Jun 1, 2021
Insider Transaction Report
Form 4
Russell Tobias
DirectorSee Remarks
Transactions
- Purchase
Class A Common Stock
2021-05-27$7.08/sh+10,000$70,800→ 3,063,781 total
Footnotes (1)
- [F1]Includes 109,944 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, then 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 such 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, then 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 such threshold is reached, such Additional Shares will be released from escrow.