4//SEC Filing
Nash Adam 4
Accession 0001828622-21-000002
CIK 0001762322other
Filed
Jul 27, 8:00 PM ET
Accepted
Jul 28, 5:27 PM ET
Size
6.9 KB
Accession
0001828622-21-000002
Insider Transaction Report
Form 4
Nash Adam
Director
Transactions
- Award
Class A Common Stock
2021-06-08+12,484→ 12,484 total
Holdings
- 1,836(indirect: By Trust)
Class A Common Stock
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 May 1, 2022, 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]Includes 262 shares held in escrow ("Additional Shares"). If the reported closing sale price of the company's common stock does not exceed $12.00 per share for 20 out of any 30 consecutive trading days during the first 12 months following the closing of the Merger (the "First Threshold"), then fifty percent (50%) of the Additional Shares will be returned to the company (and either placed into treasury or retired, at the company's discretion). If the First Threshold is reached, such Additional Shares will be released from escrow. If the reported closing sale price of our common stock does not exceed $15.00 per share for 20 out of any 30 consecutive trading days during the first 30 months following the closing of the Merger (the "Second Threshold"), then fifty percent (50%) of the Additional Shares will be returned to the company. If the Second Threshold is reached, such Additional Shares will be released from escrow.
Documents
Issuer
SHIFT TECHNOLOGIES, INC.
CIK 0001762322
Entity typeother
Related Parties
1- filerCIK 0001828622
Filing Metadata
- Form type
- 4
- Filed
- Jul 27, 8:00 PM ET
- Accepted
- Jul 28, 5:27 PM ET
- Size
- 6.9 KB