Edwin Rigaud - Jul 13, 2023 Form 4 Insider Report for PARTS iD, Inc. (ID)

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	ID	Warrant (Right to Purchase)	Award		+595K			595K	Jul 13, 2023	Class A Common Stock	595K	$0.42	Direct	F1
transaction	ID	Convertible Notes	Award	$250K				$250K	Jul 13, 2023	Class A Common Stock			Direct	F2, F3

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

Id	Content
F1	The warrants were received in consideration for the loans forwarded by Mr. Rigaud and which are evidenced by the convertible promissory notes (the "Convertible Notes").
F2	The Convertible Notes mature on July 13, 2024 (the "Maturity Date").
F3	Upon the Issuer's sale and issuance of equity or equity-linked securities pursuant to which the Issuer receives aggregate gross proceeds of at least $10 million (a "Qualified Equity Financing") within 180 days of the transaction date, the Convertible Notes are mandatorily convertible into shares of such equity securities sold in the Qualified Equity Financing. Effective on the Maturity Date, if the Convertible Notes have not otherwise been repaid by the Issuer in accordance with the terms and conditions set forth therein, then at the option of the Reporting Person, the outstanding balance of the Convertible Note (including any accrued but unpaid interest thereon) (the "Note Amount") shall convert into that number of fully paid and nonassessable shares of the Company's Class A common stock at a conversion price equal to the respective Note Amount (as defined in the Convertible Note) divided by the Conversion Price (as defined in the Convertible Note).