Eugene Kovshilovsky - 16 May 2022 Form 4 Insider Report for CarLotz, Inc.

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
18 May 2022, 16:11:58 UTC
Prior SEC filing
25 Apr 2022
Next SEC filing
12 Dec 2022
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Rebecca C. Polak as attorney-in-fact for Mr. Kovshilovsky

Key filing fact

Eugene Kovshilovsky filed Form 4 for CarLotz, Inc. on 18 May 2022.

Key facts

  • This page summarizes Eugene Kovshilovsky's Form 4 filing for CarLotz, Inc..
  • 2 reported transactions and 2 derivative rows are listed below.
  • Accepted by SEC: 18 May 2022, 16:11.

Change

  • Previous filing in this sequence was filed on 25 Apr 2022.
  • Current net transaction value: $0.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

LOTZ transaction Derivative

Restricted Stock Units

Award

Transaction value
$0
Shares
+600,000
Change %
Price
$0.000000
Shares after
600,000
Date
16 May 2022
Ownership
Direct
Underlying class
Class A Common Stock
Underlying amount
600,000
Exercise price
Footnotes
F1, F2
LOTZ transaction Derivative

Restricted Stock Units

Award

Transaction value
$0
Shares
+500,000
Change %
Price
$0.000000
Shares after
500,000
Date
16 May 2022
Ownership
Direct
Underlying class
Class A Common Stock
Underlying amount
500,000
Exercise price
Footnotes
F1, F3
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 3 footnotes

Footnote F1

Each restricted stock unit is convertible into a share of Class A common stock on a 1-for-1 basis.

Footnote 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-fourth of these restricted stock units vest on April 17, 2023, one-fourth of these restricted stock units vest on April 17, 2024, one-fourth of these restricted stock units vest on April 17, 2025 and one-fourth of these restricted stock units vest on April 17, 2026, assuming continued employment through the applicable vesting date.

Footnote F3

These restricted stock units will vest if the following provisions are met: (i) one-third of the shares will vest on the first day the Issuer's stock achieves a 20-trading day volume-weighted average price of $4.00; (ii) one-third of the shares will vest on the first day the Issuer's stock achieves a 20-trading day volume-weighted average price of $8.00; and (iii) one-third of the shares will vest on the first day the Issuer's stock achieves a 20-trading day volume-weighted average price of $12.00, subject to the Reporting Person's continuous service with the Issuer through the relevant vesting dates.

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