Serge De Bock - Sep 9, 2022 Form 4 Insider Report for HyreCar Inc. (HYREQ)

Role
CFO
Signature
/s/ Serge De Bock
Stock symbol
HYREQ
Transactions as of
Sep 9, 2022
Transactions value $
-$33,669
Form type
4
Date filed
9/13/2022, 08:18 PM
Previous filing
Jul 14, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HYREQ Common Stock Award $0 +87.2K +87.23% $0.00 187K Sep 9, 2022 Direct F1, F2
transaction HYREQ Common Stock Sale -$33.7K -29K -15.5% $1.16* 158K Sep 13, 2022 Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 27,229 are represented by restricted stock units, which upon vesting of the unit, represent the right to receive one share of the issuer's common stock. 25% of the 27,229 restricted stock units will vest on the 1-year anniversary of January 1, 2022 with remainder to vest quarterly thereafter over the next three (3) years.
F2 In addition to the restricted stock units discussed in Footnote 1 above, 75,000 of the 187,229 shares of common stock are represented by restricted stock units, which upon vesting of the unit, represent the right to receive one share of the issuer's common stock. Of these 75,000 restricted stock units, 6,250 units will vest on each of the following dates: October 5, 2022, January 5, 2023, April 5, 2023, July 5, 2023, October 5, 2023, January 5, 2024, April 5, 2024, July 5, 2024, October 5, 2024, January 5, 2025, April 5, 2025, July 5, 2025.
F3 The proceeds of these sales will be used primarily to cover the reporting person's tax liability arising from restricted stock unit vesting.
F4 This transaction was executed in multiple trades at prices ranging from $1.15 to $1.19. The price reported above reflects the weighted average price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer, or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.