Brian Allan - Sep 9, 2022 Form 4 Insider Report for HyreCar Inc. (HYREQ)

Role
President
Signature
/s/ Brian Allan
Stock symbol
HYREQ
Transactions as of
Sep 9, 2022
Transactions value $
$11,809
Form type
4
Date filed
9/13/2022, 08:20 PM
Previous filing
Nov 18, 2021
Next filing
Nov 1, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HYREQ Common Stock Award $0 +21.7K +19.36% $0.00 134K Sep 9, 2022 Direct F1, F2
transaction HYREQ Common Stock Purchase $11.8K +10K +7.48% $1.18* 144K Sep 13, 2022 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents 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 restricted stock units vest upon the 1-year anniversary of January 1, 2022, with the remainder to vest quarterly thereafter over the next three (3) years.
F2 In addition to the restricted stock units discussed in Footnote 1 above, 31,250 units of the 133,683 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 31,250 shares, 3,125 units will vest on each of the following dates: November 18, 2022, February 18, 2023, May 18, 2023, August 18, 2023, November 18, 2023, February 18, 2024, May 18, 2024, August 18, 2024, November 18, 2024, February 18, 2025.
F3 This transaction was executed in multiple trades at prices ranging from $1.175 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.