4//SEC Filing
Foley John W II 4
Accession 0001104659-21-007297
CIK 0001759008other
Filed
Jan 24, 7:00 PM ET
Accepted
Jan 25, 6:02 PM ET
Size
18.5 KB
Accession
0001104659-21-007297
Insider Transaction Report
Form 4
CarLotz, Inc.LOTZ
Foley John W II
Chief Operating Officer
Transactions
- Award
Stock Option (right to buy)
2021-01-21+178,373→ 178,373 totalExercise: $0.64Exp: 2022-08-31→ Class A Common Stock (178,373 underlying) - Award
Stock Option (right to buy)
2021-01-21+64,109→ 64,109 totalExercise: $11.35Exp: 2031-01-21→ Class A Common Stock (64,109 underlying) - Award
Restricted Stock Units
2021-01-21+120,698→ 120,698 totalExp: 2026-01-21→ Class A Common Stock (120,698 underlying) - Award
Stock Option (right to buy)
2021-01-21+407,710→ 407,710 totalExercise: $0.92Exp: 2029-11-01→ Class A Common Stock (407,710 underlying) - Award
Restricted Stock Units
2021-01-21+44,053→ 44,053 total→ Class A Common Stock (44,053 underlying) - Award
Stock Option (right to buy)
2021-01-21+613,480→ 613,480 totalExercise: $0.92Exp: 2028-05-14→ Class A Common Stock (613,480 underlying)
Footnotes (9)
- [F1]These options are fully vested and exercisable.
- [F2]These options were received in exchange for options to purchase 17,500 shares of common stock of CarLotz Group, Inc. (f/k/a CarLotz, Inc. ("Former CarLotz"), pursuant to an Agreement and Plan of Merger, dated as of October 21, 2020 (as amended by Amendment No. 1, dated December 16, 2020, the "Merger Agreement"), by and among Former CarLotz, Acamar Partners Acquisition Corp. ("Acamar Partners") and Acamar Partners Sub, Inc. ("Merger Sub"). Merger Sub merged (the "Merger") with and into Former CarLotz, with Former CarLotz surviving the merger as a wholly owned subsidiary of Acamar Partners (which subsequently changed its name to "CarLotz, Inc..", the "Issuer").
- [F3]These options were received in the Merger in exchange for options to purchase 60,188 shares of Former CarLotz common stock.
- [F4]These options were received in the Merger in exchange for options to purchase 40,000 shares of Former CarLotz common stock.
- [F5]These options vest in four equal annual installments beginning January 21, 2021.
- [F6]Reflects Restricted Stock Units acquired pursuant to the Merger Agreement. Pursuant to earnout provisions in the Merger Agreement, the Restricted Stock Units will vest if, from the closing of the Merger until the fifth anniversary thereof, the closing share price of the Class A Common Stock exceeds the following thresholds. One-half will vest if the closing share price of the Class A Common Stock exceeds $12.50 for any 20 trading days within any 30 trading day period and one-half will vest if the closing share price of the Class A Common Stock exceeds $15.00 for any 20 trading days within any 30 trading day period.
- [F7]Each Restricted Stock Unit represents a contingent right to receive one share of Class A Common Stock.
- [F8]These Restricted Stock Units were received in the Merger in exchange for options to purchase 117,688 shares of Former CarLotz common stock.
- [F9]These Restricted Stock Units vest in four equal annual installments beginning January 21, 2021.
Documents
Issuer
CarLotz, Inc.
CIK 0001759008
Entity typeother
Related Parties
1- filerCIK 0001842243
Filing Metadata
- Form type
- 4
- Filed
- Jan 24, 7:00 PM ET
- Accepted
- Jan 25, 6:02 PM ET
- Size
- 18.5 KB