4//SEC Filing
Shein Oded 4
Accession 0001762322-21-000073
CIK 0001762322other
Filed
Dec 5, 7:00 PM ET
Accepted
Dec 6, 5:23 PM ET
Size
12.9 KB
Accession
0001762322-21-000073
Insider Transaction Report
Form 4
Shein Oded
Chief Financial Officer
Transactions
- Award
Class A Common Stock
2021-05-05+204,983→ 214,983 total - Award
Performance Stock Units
2021-05-05+68,328→ 68,328 totalExercise: $0.00→ Class A Common Stock (68,328 underlying) - Award
Class A Common Stock
2021-12-02+93,750→ 308,733 total - Award
Performance Stock Units
2021-12-02+31,250→ 99,578 total→ Class A Common Stock (31,250 underlying)
Footnotes (7)
- [F1]Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of Class A common stock, par value $0.0001 per share of Shift Technologies, Inc. (the "Company").
- [F2]25% of the RSUs vest on March 15, 2022, with the remainder vesting thereafter in twelve equal quarterly installments subject to continued employment with the Company or an affiliate of the Company.
- [F3]RSUs granted to the reporting person on 5/5/2021 are being reported late due to an administrative oversight. Because the RSUs are being reported in Table 1, the reporting person's Form 4s filed since 5/5/2021 underreported his ownership by 214,983 shares.
- [F4]The reporting person holds a portion of the shares in an account with his spouse as joint tenants with rights of survivorship.
- [F5]25% of the RSUs vest on March 15, 2023, with the remainder vesting thereafter in twelve equal quarterly installments subject to continued employment with the Company or an affiliate of the Company.
- [F6]Represents a grant of Performance Stock Units ("PSUs"). Each PSU represents a contingent right to receive one share of Class A common stock, par value $0.0001 per share, of the Company. The PSUs vest quarterly over the two-year period commencing on March 14, 2023, subject to the achievement of the applicable pre-determined performance target for the applicable performance year and the continued employment with the Company or an affiliate of the Company (subject to certain exceptions for termination without cause or for good reason as described in the award agreement). Vested PSUs are settled during the first open trading window of the Company following each calendar quarter.
- [F7]Represents a grant of Performance Stock Units ("PSUs"). Each PSU represents a contingent right to receive one share of Class A common stock, par value $0.0001 per share, of the Company. The PSUs vest quarterly over the two-year period commencing on March 14, 2024, subject to the achievement of the applicable pre-determined performance target for the applicable performance year and the continued employment with the Company or an affiliate of the Company (subject to certain exceptions for termination without cause or for good reason as described in the award agreement). Vested PSUs are settled during the first open trading window of the Company following each calendar quarter.
Documents
Issuer
SHIFT TECHNOLOGIES, INC.
CIK 0001762322
Entity typeother
Related Parties
1- filerCIK 0001509916
Filing Metadata
- Form type
- 4
- Filed
- Dec 5, 7:00 PM ET
- Accepted
- Dec 6, 5:23 PM ET
- Size
- 12.9 KB