4//SEC Filing
Foley John W II 4
Accession 0001104659-22-036101
CIK 0001759008other
Filed
Mar 20, 8:00 PM ET
Accepted
Mar 21, 4:05 PM ET
Size
17.4 KB
Accession
0001104659-22-036101
Insider Transaction Report
Form 4
CarLotz, Inc.LOTZ
Foley John W II
Chief Operating Officer
Transactions
- Award
Stock Option (right to buy)
2022-03-17+257,335→ 257,335 totalExercise: $1.68Exp: 2032-03-17→ Class A Common Stock (257,335 underlying) - Award
Restricted Stock Units
2022-03-17+178,572→ 178,572 total→ Class A Common Stock (178,572 underlying)
Holdings
- 7,773
Class A Common Stock
- 178,373
Stock Option (right to buy)
Exercise: $0.64Exp: 2022-08-31→ Class A Common Stock (178,373 underlying) - 407,710
Stock Option (right to buy)
Exercise: $0.92Exp: 2029-11-01→ Class A Common Stock (407,710 underlying) - 64,109
Stock Option (right to buy)
Exercise: $11.35Exp: 2031-01-21→ Class A Common Stock (64,109 underlying) - 120,698
Restricted Stock Units
Exp: 2026-01-21→ Class A Common Stock (120,698 underlying) - 613,480
Stock Option (right to buy)
Exercise: $0.92Exp: 2028-05-14→ Class A Common Stock (613,480 underlying) - 33,039
Restricted Stock Units
→ Class A Common Stock (33,039 underlying)
Footnotes (7)
- [F1]These options are fully vested and exercisable.
- [F2]These options are service options that vest based on the passage of time and the Reporting Person's continued service with the Issuer. 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.
- [F3]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.
- [F4]Each restricted stock unit is convertible into a share of Class A common stock on a 1-for-1 basis.
- [F5]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 January 21, 2023, one-third of these restricted stock units vest on January 21, 2024 and one-third of these restricted stock units vest on January 21, 2025, assuming continued employment through the applicable vesting date.
- [F6]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.
- [F7]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 0001842243
Filing Metadata
- Form type
- 4
- Filed
- Mar 20, 8:00 PM ET
- Accepted
- Mar 21, 4:05 PM ET
- Size
- 17.4 KB