TRP Capital Partners, LP - Jun 11, 2021 Form 4 Insider Report for CarLotz, Inc. (LOTZ)

Role: 10%+ Owner
Signature: /s/ Rebecca C. Polak as attorney-in-fact for Mr. Mitchell Rebecca C. Polak
Stock symbol: LOTZ
Transactions as of: Jun 11, 2021
Transactions value $: $0
Form type: 4
Date filed: 6/15/2021, 06:24 AM
Next filing: Aug 16, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	LOTZ	Class A Common Stock	Award	$0	+10.6K		$0.00	10.6K	Jun 11, 2021	See Footnote	F1
holding	LOTZ	Class A Common Stock						21.7M	Jun 11, 2021	Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

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	F2, F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	These shares were granted pursuant to the Issuer's 2020 Incentive Award Plan, consisting of 5,279 shares granted to David R. Mitchell and 5,279 shares granted to Steven G. Carrel, each a Managing Director of the Reporting Person, in their capacity as directors of the Issuer. Each of David R. Mitchell and Steven G. Carrel has an understanding with the Reporting Person pursuant to which he holds such shares for the benefit of the Reporting Person.
F2	Each Restricted Stock Unit represents a contingent right to receive one share of Class A Common Stock.
F3	These Restricted Stock Units were granted pursuant to the Issuer's 2020 Incentive Award Plan, consisting of 24,770 Restricted Stock Units granted to David R. Mitchell and 24,770 Restricted Stock Units granted to Steven G. Carrel, each a Managing Director of the Reporting Person, 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 David R. Mitchell and Steven G. Carrel has an understanding with the Reporting Person pursuant to which he holds such Restricted Stock Units for the benefit of the Reporting Person.