James E. Skinner - Jun 2, 2022 Form 4 Insider Report for CarLotz, Inc. (LOTZ)

Role
Director
Signature
/s/ Rebecca C. Polak as attorney-in-fact for Mr. Skinner
Stock symbol
LOTZ
Transactions as of
Jun 2, 2022
Transactions value $
$0
Form type
4
Date filed
6/6/2022, 09:48 PM
Previous filing
Apr 27, 2022
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 +162.12% $0.00 40K Jun 2, 2022 Direct F1, F2

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 F3, F4
transaction LOTZ Restricted Stock Units Award $0 +218K $0.00 218K Jun 2, 2022 Class A Common Stock 218K Direct F3, F4
* 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 The reporting person has an indirect pecuniary interest in shares of Class A Common Stock of the issuer through its membership of Acamar Partners Sponsor I LLC, over which the reporting person does not have voting or dispositive control.
F3 Each Restricted Stock Unit represents a contingent right to receive one share of Class A Common Stock.
F4 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.