4//SEC Filing
Chapman Michael C 4
Accession 0001104659-22-036099
CIK 0001759008other
Filed
Mar 20, 8:00 PM ET
Accepted
Mar 21, 4:04 PM ET
Size
11.9 KB
Accession
0001104659-22-036099
Insider Transaction Report
Form 4
CarLotz, Inc.LOTZ
Chapman Michael C
Chief Marketing Officer
Transactions
- Award
Stock Option (right to buy)
2022-03-17+188,712→ 188,712 totalExercise: $1.68Exp: 2032-03-17→ Class A Common Stock (188,712 underlying) - Award
Restricted Stock Units
2022-03-17+130,953→ 130,953 total→ Class A Common Stock (130,953 underlying)
Holdings
- 5,970
Class A Common Stock
- 253,084
Stock Option (right to buy)
Exercise: $11.35Exp: 2031-01-21→ Class A Common Stock (253,084 underlying) - 25,625
Restricted Stock Units
→ Class A Common Stock (25,625 underlying)
Footnotes (5)
- [F1]These options are service options that vest based on the passage of time and the Reporting Person's continued service with the Issuer. 63,271 of these options are currently exercisable and the remaining 189,813 become exercisable in three equal annual installments beginning on December 7, 2022.
- [F2]Each restricted stock unit is convertible into a share of Class A common stock on a 1-for-1 basis.
- [F3]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-third of these restricted stock units vest on December 7, 2022, one-third of these restricted stock units vest on December 7, 2023 and one-third of these restricted stock units vest on December 7, 2024, assuming continued employment through the applicable vesting date.
- [F4]The options will vest and become exercisable in three equal annual installments commencing on March 17, 2023, subject to the Reporting Person's continuous service with the Issuer through the relevant vesting dates.
- [F5]The restricted stock units will vest in three equal annual installments commencing on March 17, 2023, subject to the Reporting Person's continuous service with the Issuer through the relevant vesting dates.
Documents
Issuer
CarLotz, Inc.
CIK 0001759008
Entity typeother
Related Parties
1- filerCIK 0001842125
Filing Metadata
- Form type
- 4
- Filed
- Mar 20, 8:00 PM ET
- Accepted
- Mar 21, 4:04 PM ET
- Size
- 11.9 KB