IZEA (IZEA) CFO Peter Biere Converts RSUs, 49 Shares Withheld for Taxes

What Happened Peter Biere, Chief Financial Officer of IZEA Worldwide, settled 200 restricted stock units (RSUs) into 200 shares on August 31, 2026. Of those shares, 49 were withheld to cover tax withholding at $3.04 per share (total $149). Net of the withholding, Biere received 151 common shares. This was a settlement of awards (not an open‑market purchase or investment sale).

Key Details

• Transaction date: 2026-08-31; Form 4 filed: 2026-09-01 (timely).
• Transactions reported:
  • Conversion/settlement of derivative (RSUs) to common stock: 200 shares acquired at $0.00 (code M).
  • 49 shares withheld/disposed to satisfy tax withholding at $3.04 each, total $149 (code F).
  • A corresponding derivative disposition of 200 units (reporting the RSU conversion).
• Shares owned after transaction: Not specified in the filing (the report shows the RSU settlement and the withholding but does not state total post-transaction beneficial ownership).
• Footnotes:
  • F1: Each RSU represents a contingent right to receive one share at settlement.
  • F2: These RSUs were granted under the 2011 Equity Incentive Plan on April 1, 2023 and vested per the employment agreement (25% after one year, then monthly over 36 months).
• Filing timeliness: Report filed the next day; no late filing flag indicated.

Context This was an award settlement and routine tax withholding (a common "net settlement" or shares‑withheld to cover taxes). Such transactions reflect standard compensation vesting rather than an opportunistic market purchase or sale; withholding of shares for taxes is administrative and should not be interpreted as a directional insider trade.