4//SEC Filing
Clementz Jeff 4
Accession 0001762322-21-000072
CIK 0001762322other
Filed
Dec 5, 7:00 PM ET
Accepted
Dec 6, 5:23 PM ET
Size
11.6 KB
Accession
0001762322-21-000072
Insider Transaction Report
Form 4
Clementz Jeff
President
Transactions
- Award
Class A Common Stock
2021-12-02+644,972→ 644,972 total - Award
Performance Stock Units
2021-12-02+195,446→ 195,446 totalExercise: $0.00→ Class A Common Stock (195,446 underlying)
Footnotes (3)
- [F1]Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of Class A common stock, par value $0.0001 per share of Shift Technologies, Inc. (the "Company").
- [F2]58,634 of the RSUs vest on April 1, 2022. Of the remaining 586,338 RSUs, 25% vest on October 1, 2022 with the remainder vesting in 12 equal quarterly tranches. Vested RSU awards are settled during the next open trading window of the Company following each calendar quarter. Vesting is subject to continued employment with the Company or an affiliate of the Company.
- [F3]Represents a grant of Performance Stock Units ("PSUs"). Each PSU represents a contingent right to receive one share of Class A common stock, par value $0.0001 per share, of the Company. The PSUs vest quarterly over the two-year period commencing on October 1, 2023, subject to the achievement of the applicable pre-determined performance target for the applicable performance year and the continued employment with the Company or an affiliate of the Company (subject to certain exceptions for termination without cause or for good reason as described in the award agreement). Vested PSUs are settled during the first open trading window of the Company following each calendar quarter.
Issuer
SHIFT TECHNOLOGIES, INC.
CIK 0001762322
Entity typeother
Related Parties
1- filerCIK 0001886005
Filing Metadata
- Form type
- 4
- Filed
- Dec 5, 7:00 PM ET
- Accepted
- Dec 6, 5:23 PM ET
- Size
- 11.6 KB