Foy Sean 4
4 · SHIFT TECHNOLOGIES, INC. · Filed Oct 15, 2021
Insider Transaction Report
Form 4
Foy Sean
See Remarks
Transactions
- Other
Class A Common Stock
2021-10-13$10.00/sh−8,974$89,740→ 329,108 total
Footnotes (2)
- [F1]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.
- [F2]The merger agreement entered into in connection with the Merger placed a value on the company's common stock of $10 a share.