Linda B. Abraham - Jun 2, 2022 Form 4 Insider Report for CarLotz, Inc. (LOTZ)

Role
Director
Signature
/s/ Rebecca C. Polak as attorney-in-fact for Ms. Abraham
Stock symbol
LOTZ
Transactions as of
Jun 2, 2022
Transactions value $
$0
Form type
4
Date filed
6/6/2022, 09:43 PM
Previous filing
Jun 15, 2021
Next filing
Dec 12, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LOTZ Class A Common Stock Options Exercise $0 +24.8K +469.22% $0.00 30K Jun 2, 2022 Direct F1

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 Options Exercise $0 -24.8K -100% $0.00* 0 Jun 2, 2022 Class A Common Stock 24.8K Direct F2, F3
transaction LOTZ Restricted Stock Units Award $0 +218K $0.00 218K Jun 2, 2022 Class A Common Stock 218K Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These shares of Class A common stock reflect the settlement of Restricted Stock Units of the Issuer on June 2, 2022. Each Restricted Stock Unit is convertible into a share of Class A common stock on a 1-for-1 basis.
F2 Each Restricted Stock Unit represents a contingent right to receive one share of Class A common stock.
F3 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.