4//SEC Filing
Russell Tobias 4
Accession 0001762322-22-000008
CIK 0001762322other
Filed
Feb 27, 7:00 PM ET
Accepted
Feb 28, 1:14 PM ET
Size
9.7 KB
Accession
0001762322-22-000008
Insider Transaction Report
Form 4
Russell Tobias
DirectorSee Remarks
Transactions
- Disposition to Issuer
Class A Common Stock
2022-02-01−1,141,602→ 1,920,207 total - Tax Payment
Class A Common Stock
2022-02-24$1.88/sh−474,375$891,825→ 1,445,832 total - Disposition to Issuer
Performance Stock Units
2022-02-01−761,068→ 0 total→ Class A Common Stock (761,068 underlying)
Footnotes (4)
- [F1]Forfeitures of restricted stock awards by the reporting person on February 1, 2022 are being reported late due to an administrative oversight.
- [F2]Represents the forfeiture of unvested restricted stock awards in connection with the reporting person's previously announced resignation as the Company's Co-Chief Executive Officer effective on February 1, 2022.
- [F3]Represents shares withheld by the Company to satisfy tax withholding obligations in connection with the vesting of restricted stock units granted to the reporting person. The number of shares of Class A Common Stock withheld was determined based on the closing price of the Company's Class A Common Stock on February 24, 2022.
- [F4]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 October 13, 2022, 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 0001828617
Filing Metadata
- Form type
- 4
- Filed
- Feb 27, 7:00 PM ET
- Accepted
- Feb 28, 1:14 PM ET
- Size
- 9.7 KB