Russell Tobias 4
4 · SHIFT TECHNOLOGIES, INC. · Filed Oct 15, 2021
Insider Transaction Report
Form 4
Russell Tobias
DirectorSee Remarks
Transactions
- Gift
Class A Common Stock
2021-10-13+53,000→ 3,116,781 total - Other
Class A Common Stock
2021-10-13$10.00/sh−54,972$549,720→ 3,061,809 total
Footnotes (3)
- [F1]Shares were received as a bona fide gift. The reporting person did not pay compensation for the receipt of the shares.
- [F2]Forfeiture of shares of company common stock held in escrow in connection with the closing of the merger (the "Merger") of Shift Platform, Inc., a Delaware corporation (formerly known as Shift Technologies, Inc.), with a wholly-owned subsidiary of the company, and returned to the company due to the reported closing sale price of the company's common stock not exceeding $12.00 per share for 20 out of any 30 consecutive trading days during the first 12 months following October 13, 2020.
- [F3]The merger agreement entered into in connection with the Merger placed a value on the company's common stock of $10 a share.