4//SEC Filing
Moussa Ayman 4
Accession 0001762322-23-000057
CIK 0001762322other
Filed
Jul 4, 8:00 PM ET
Accepted
Jul 5, 7:43 PM ET
Size
8.1 KB
Accession
0001762322-23-000057
Insider Transaction Report
Form 4
Moussa Ayman
DirectorChief Executive Officer
Transactions
- Award
Class A Common Stock
2023-06-30+950,000→ 950,000 total - Award
Performance Stock Units
2023-06-30+950,000→ 950,000 total→ Class A Common Stock (950,000 underlying)
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]237,500 of the RSUs vest on June 30, 2024. The remaining 712,500 RSUs vest in 12 equal quarterly tranches thereafter. Vested RSU awards are settled during the Company's next open trading window following each calendar quarter. Vesting is subject to continued employment with the Company or an affiliate of the Company.
- [F3]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 December 31, 2023, subject to the achievement of the applicable pre-determined performance target for the applicable performance period 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 0001981928
Filing Metadata
- Form type
- 4
- Filed
- Jul 4, 8:00 PM ET
- Accepted
- Jul 5, 7:43 PM ET
- Size
- 8.1 KB