4//SEC Filing
Foley John W II 4
Accession 0001104659-22-010957
CIK 0001759008other
Filed
Feb 1, 7:00 PM ET
Accepted
Feb 2, 5:52 PM ET
Size
16.6 KB
Accession
0001104659-22-010957
Insider Transaction Report
Form 4
CarLotz, Inc.LOTZ
Foley John W II
Chief Operating Officer
Transactions
- Sale
Class A Common Stock
2022-02-01$2.06/sh−3,241$6,676→ 7,773 total - Exercise/Conversion
Class A Common Stock
2022-01-31+11,014→ 11,014 total - Exercise/Conversion
Restricted Stock Units
2022-01-31−11,014→ 33,039 total→ Class A Common Stock (11,014 underlying)
Holdings
- 178,373
Stock Option (right to buy)
Exercise: $0.64Exp: 2022-08-31→ Class A Common Stock (178,373 underlying) - 64,109
Stock Option (right to buy)
Exercise: $11.35Exp: 2031-01-21→ Class A Common Stock (64,109 underlying) - 613,480
Stock Option (right to buy)
Exercise: $0.92Exp: 2028-05-14→ Class A Common Stock (613,480 underlying) - 407,710
Stock Option (right to buy)
Exercise: $0.92Exp: 2029-11-01→ Class A Common Stock (407,710 underlying) - 120,698
Restricted Stock Units
Exp: 2026-01-21→ Class A Common Stock (120,698 underlying)
Footnotes (7)
- [F1]Each restricted stock unit is convertible into a share of Class A common stock on a 1-for-1 basis. The restricted stock units vested in Class A common stock on January 31, 2022.
- [F2]The sale reported in the Form 4 was effected pursuant to a Rule 10b5-1 instruction solely with the intent to cover withholding taxes in connection with the settlement of restricted stock units.
- [F3]These options are fully vested and exercisable.
- [F4]These options are service options that vest based on the passage of time and the reporting person's continued service with the Company. 16,027 of these options are currently exercisable and the remaining 48,082 become exercisable in three equal annual installments beginning on January 21, 2023.
- [F5]These restricted stock units will vest if, prior to January 21, 2026, 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.
- [F6]Each restricted stock unit is convertible into a share of Class A common stock on a 1-for-1 basis.
- [F7]These restricted stock units remain subject to a time-vesting requirement and are scheduled to vest and settle in Class A common stock as follows: one-fourth of these restricted stock units vested on January 31, 2022, one-fourth of these restricted stock units vest on January 21, 2023, one-fourth of these restricted stock units vest on January 21, 2024 and one-fourth of these restricted stock units vest on January 21, 2025, assuming continued employment through the applicable vesting date.
Documents
Issuer
CarLotz, Inc.
CIK 0001759008
Entity typeother
Related Parties
1- filerCIK 0001842243
Filing Metadata
- Form type
- 4
- Filed
- Feb 1, 7:00 PM ET
- Accepted
- Feb 2, 5:52 PM ET
- Size
- 16.6 KB