Gupta Karan 4
4 · SHIFT TECHNOLOGIES, INC. · Filed Oct 15, 2020
Insider Transaction Report
Form 4
Gupta Karan
See Remarks
Transactions
- Award
Non-Qualified Stock Option
2020-10-13+74,627→ 74,627 totalExercise: $0.31Exp: 2030-03-25→ Class A Common Stock (74,627 underlying) - Award
Incentive Stock Option
2020-10-13+29,812→ 29,812 totalExercise: $3.35Exp: 2030-03-25→ Class A Common Stock (29,812 underlying)
Footnotes (4)
- [F1]The options were granted on March 26, 2020. 0 options have vested. The remaining 74,627 options will vest in thirty seven (37) substantially equal monthly installments from December 25, 2020 through December 25, 2023.
- [F2]Received in exchange for an option to purchase 1,177,420 shares of common stock of Shift Technologies, Inc., a Delaware corporation ("Former Shift"), pursuant to the Agreement and Plan of Merger, dated as of June 29, 2020, by and among Insurance Acquisition Corp., a Delaware corporation ("IAC"), Former Shift, and IAC Merger Sub, Inc., a wholly-owned subsidiary of IAC (as amended by that certain First Amendment to Agreement and Plan of Merger, dated as of August 19, 2020, the "Merger").
- [F3]The options were granted on March 26, 2020. 0 options have vested. The remaining 29,812 options will vest in one (1) installment on December 25, 2020.
- [F4]Received pursuant to the Merger in exchange for an option to purchase 322,580 shares of Former Shift common stock.