IZEA CFO Peter Biere Exercises RSUs, Receives 17,110-Share Grant

What Happened

• Peter Biere, Chief Financial Officer of IZEA Worldwide (IZEA), converted vested restricted stock units (RSUs) into 20,241 common shares on July 31, 2026 and received a new grant of 17,110 RSUs the same day. To cover tax withholding related to the vesting/settlement, 7,184 shares were withheld/surrendered at $3.46 per share, for a total tax withholding of $24,857. The RSU award is reported as a derivative grant (no cash paid).

Key Details

• Transaction date: July 31, 2026; Form 4 filed Aug 3, 2026.
• Conversions/settlements: 20,241 shares converted from RSUs (reported as Exercise/Conversion, code M).
• Tax withholding: 7,184 shares withheld/disposed (code F) at $3.46/share, totaling $24,857.
• New grant: 17,110 RSUs issued (code A) at $0.00 (derivative).
• Net immediate shares added to CFO’s holdings from vesting/settlement: 20,241 − 7,184 = 13,057 shares (assuming no other dispositions).
• Shares owned following the reported transactions: not disclosed in the provided filing extract.
• Footnotes: RSUs each represent a right to one common share at settlement (F1); the 17,110 RSUs were issued under the 2011 Equity Incentive Plan on July 31, 2026 and vest 1/3 after one year then quarterly over two years (F11). Other settled RSUs originated from prior grants with varying vest schedules (F2–F10).

Context

• These transactions are vesting/settlement events and a new equity award — not an open-market purchase or sale. The withholding of shares to cover taxes (code F) is routine in RSU settlements (a cashless/withholding action), and does not necessarily indicate a change in insider sentiment.
• Transaction codes: M = exercise/conversion of derivative (vesting/settlement of RSUs), A = grant/award, F = payment of exercise price or tax liability (withholding).