Rebecca C. Polak - 17 Mar 2022 Form 4 Insider Report for CarLotz, Inc.

Role
CCO and GC
Signature
/s/ Rebecca C. Polak
Issuer symbol
N/A
Transactions as of
17 Mar 2022
Net transactions value
$0
Form type
4
Filing time
21 Mar 2022, 16:05:53 UTC
Previous filing
12 Nov 2021
Next filing
17 May 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding LOTZ Class A Common Stock 16,659 17 Mar 2022 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 Stock Option (right to buy) Award $0 +257,335 $0.000000 257,335 17 Mar 2022 Class A Common Stock 257,335 $1.68 Direct F3
transaction LOTZ Restricted Stock Units Award $0 +178,572 $0.000000 178,572 17 Mar 2022 Class A Common Stock 178,572 Direct F1, F4
holding LOTZ Restricted Stock Units 95,382 17 Mar 2022 Class A Common Stock 95,382 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted stock units convert into Class A Common Stock on a one-for-one basis.
F2 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 October 30, 2022, one-third of these restricted stock units vest on October 30, 2023 and one-third of these restricted stock units vest on October 30, 2024, assuming continued employment through the applicable vesting date.
F3 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.
F4 The restricted stock units will vest in three equal annual installments commencing on March 17, 2023, subject to the Reporting Person's continuous service through the relevant vesting date.