Clementz Jeff 4
4 · SHIFT TECHNOLOGIES, INC. · Filed Jun 6, 2022
Insider Transaction Report
Form 4
Clementz Jeff
President
Transactions
- Award
Class A Common Stock
2022-05-12+586,339→ 1,231,311 total - Tax Payment
Class A Common Stock
2022-05-20$1.00/sh−29,071$29,071→ 1,202,240 total
Footnotes (3)
- [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]The RSUs vest on September 30, 2023, subject to continued service with the Company or an affiliate of the Company. Vested RSUs will be settled during the first open trading window of the Company following the date of vesting.
- [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 May 20, 2022.