BIERE PETER 4
Research Summary
AI-generated summary
IZEA (IZEA) CFO Peter Biere Exercises RSUs; Shares Withheld for Taxes
What Happened
- Peter Biere, Chief Financial Officer of IZEA Worldwide, converted (exercised/settled) a total of 2,442 restricted stock units (200 + 2,242) into common shares on June 30, 2026. To cover tax obligations, 614 of the newly issued shares were withheld at $3.70 per share (value $2,272), leaving a net of 1,828 shares delivered to him.
- The filing shows the derivative interests (RSUs) were extinguished upon settlement (derivative "Disposed" entries at $0.00). No open-market sale of the remaining shares was reported.
Key Details
- Transaction date: 2026-06-30; Form 4 filed 2026-07-01 (timely).
- Shares converted/acquired: 2,442 (200 + 2,242) at $0.00 (RSU settlement).
- Shares withheld for taxes: 614 shares @ $3.70 = $2,272 (reported as Code F: payment of tax liability).
- Net shares delivered to insider: 1,828 (2,442 − 614).
- Amount of securities beneficially owned after the transaction: not specified in the filing.
- Transaction codes: M = exercise/conversion of derivative; F = payment of exercise price or tax liability.
- Footnotes: F1 confirms each RSU converts to one share; F2 and F3 describe the grant dates and vesting schedules (April 1, 2023 grant: 25% after 1 year, then 75% monthly over 36 months; Sept 1, 2023 grant: 1/3 after 1 year, then equal quarterly installments over two years).
Context
- This was a routine settlement of RSUs from compensation, not an open-market buy or sell; the withholding of shares to cover taxes is common and does not by itself indicate a buy/sell opinion. The filing shows no immediate sale of the remaining shares.