Biere Peter - Mar 31, 2023 Form 4 Insider Report for IZEA Worldwide, Inc. (IZEA)

Role
Chief Financial Officer
Signature
/s/ Peter J. Biere
Stock symbol
IZEA
Transactions as of
Mar 31, 2023
Transactions value $
-$1,289
Form type
4
Date filed
4/3/2023, 04:58 PM
Previous filing
Mar 3, 2023
Next filing
Apr 18, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction IZEA Common Stock Options Exercise $0 +1.21K +14.2% $0.00 9.7K Mar 31, 2023 Direct
transaction IZEA Common Stock Options Exercise $0 +3.79K +39.05% $0.00 13.5K Apr 1, 2023 Direct
transaction IZEA Common Stock Tax liability -$1.29K -1.98K -14.69% $0.65 11.5K Apr 1, 2023 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 IZEA Restricted Stock Units Options Exercise $0 -1.21K -11.11% $0.00 9.65K Mar 31, 2023 Common Stock 1.21K Direct F2, F3
transaction IZEA Restricted Stock Units Options Exercise $0 -3.79K -25% $0.00 11.4K Apr 1, 2023 Common Stock 3.79K Direct F2, F4
transaction IZEA Restricted Stock Units Award $0 +38.4K +100% $0.00 76.8K Mar 31, 2023 Common Stock 38.4K Direct F2, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Reflects shares surrendered to the Issuer to satisfy tax withholding obligations upon vesting of the Restricted Stock Units.
F2 Each Restricted Stock Unit represents a contingent right to receive at settlement one share of Issuer common stock.
F3 These Restricted Stock Units were issued under the Issuer's 2011 Equity Incentive Plan on April 1, 2022 pursuant to the reporting person's employment agreement and vest in 12 quarterly installments on the last day of the month commencing June 30, 2022.
F4 These Restricted Stock Units were issued under the Issuer's 2011 Equity Incentive Plan on April 1, 2022 and vest 25% after one year and then 75% in 36 equal monthly installments commencing on the last day of each succeeding month thereafter.
F5 These Restricted Stock Units were issued under the Issuer's 2011 Equity Incentive Plan on April 1, 2023 pursuant to the reporting person's employment agreement and vest 25% in one year and 75% in equal monthly installments over 36 months.