De Bock Serge 4
4 · HyreCar Inc. · Filed Sep 13, 2022
Insider Transaction Report
Form 4
HyreCar Inc.HYRE
De Bock Serge
Chief Financial Officer
Transactions
- Award
Common Stock
2022-09-09+87,229→ 187,229 total - Sale
Common Stock
2022-09-13$1.16/sh−29,025$33,669→ 158,204 total
Footnotes (4)
- [F1]27,229 are represented by restricted stock units, which upon vesting of the unit, represent the right to receive one share of the issuer's common stock. 25% of the 27,229 restricted stock units will vest on the 1-year anniversary of January 1, 2022 with remainder to vest quarterly thereafter over the next three (3) years.
- [F2]In addition to the restricted stock units discussed in Footnote 1 above, 75,000 of the 187,229 shares of common stock are represented by restricted stock units, which upon vesting of the unit, represent the right to receive one share of the issuer's common stock. Of these 75,000 restricted stock units, 6,250 units will vest on each of the following dates: October 5, 2022, January 5, 2023, April 5, 2023, July 5, 2023, October 5, 2023, January 5, 2024, April 5, 2024, July 5, 2024, October 5, 2024, January 5, 2025, April 5, 2025, July 5, 2025.
- [F3]The proceeds of these sales will be used primarily to cover the reporting person's tax liability arising from restricted stock unit vesting.
- [F4]This transaction was executed in multiple trades at prices ranging from $1.15 to $1.19. The price reported above reflects the weighted average price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer, or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.