Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
transaction | LOTZ | Class A Common Stock | Award | $0 | +10.6K | +0.05% | $0.00 | 21.8M | Jun 11, 2021 | See Footnote | F1, F2 |
Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
transaction | LOTZ | Restricted Stock Units | Award | $0 | +49.5K | $0.00 | 49.5K | Jun 11, 2021 | Class A Common Stock | 49.5K | See Footnote | F1, F3, F4 |
Id | Content |
---|---|
F1 | The Reporting Person is a Managing Director of TRP Capital Partners, LP ("TRP"). The Reporting Person may be deemed to be the beneficial owner of all or a portion of the securities reported herein. The filing of this statement shall not be deemed to be an admission that the Reporting Person is subject to Section 16 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or that, for purposes of Section 16 of the Exchange Act or otherwise, the Reporting Person is the beneficial owner of any securities reported herein, and the Reporting Person disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein. |
F2 | These shares were granted pursuant to the Issuer's 2020 Incentive Award Plan, consisting of 5,279 shares granted to the Reporting Person and 5,279 shares granted to Steven G. Carrel, a Managing Director of TRP, in their capacity as directors of the Issuer. Each of the Reporting Person and Steven G. Carrel has an understanding with TRP pursuant to which he holds such shares for the benefit of TRP. |
F3 | Each Restricted Stock Unit represents a contingent right to receive one share of Class A Common Stock. |
F4 | These Restricted Stock Units were granted pursuant to the Issuer's 2020 Incentive Award Plan, consisting of 24,770 Restricted Stock Units granted to the Reporting Person and 24,770 Restricted Stock Units granted to Steven G. Carrel in their capacity as directors of the Issuer. These Restricted Stock Units vest on the earlier of (i) the day immediately preceding the date of the first annual meeting of stockholders following the date of grant and (ii) the first anniversary of the date of grant. Each of the Reporting Person and Steven G. Carrel has an understanding with TRP pursuant to which he holds such Restricted Stock Units for the benefit of TRP. |