BIERE PETER - 31 May 2023 Form 4 Insider Report for IZEA Worldwide, Inc. (IZEA)

Role
Chief Financial Officer
Signature
/s/ Peter J. Biere
Issuer symbol
IZEA
Transactions as of
31 May 2023
Net transactions value
-$809
Form type
4
Filing time
01 Jun 2023, 11:23:46 UTC
Previous filing
02 May 2023
Next filing
03 Jul 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction IZEA Common Stock Options Exercise $0 +357 +3% $0.000000 12,235 31 May 2023 Direct
transaction IZEA Common Stock Options Exercise $0 +230 +1.9% $0.000000 12,465 31 May 2023 Direct
transaction IZEA Common Stock Options Exercise $0 +316 +2.5% $0.000000 12,781 31 May 2023 Direct
transaction IZEA Common Stock Options Exercise $0 +1,078 +8.4% $0.000000 13,859 31 May 2023 Direct
transaction IZEA Common Stock Options Exercise $0 +1,095 +7.9% $0.000000 14,954 31 May 2023 Direct
transaction IZEA Common Stock Tax liability $809 -1,072 -7.2% $0.7548 13,882 31 May 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 -357 -17% $0.000000 1,787 31 May 2023 Common Stock 357 Direct F2, F3
transaction IZEA Restricted Stock Units Options Exercise $0 -230 -14% $0.000000 1,376 31 May 2023 Common Stock 230 Direct F2, F4
transaction IZEA Restricted Stock Units Options Exercise $0 -316 -2.8% $0.000000 11,048 31 May 2023 Common Stock 316 Direct F2, F5
transaction IZEA Restricted Stock Units Options Exercise $0 -1,078 -10% $0.000000 9,707 31 May 2023 Common Stock 1,078 Direct F2, F6
transaction IZEA Restricted Stock Units Options Exercise $0 -1,095 -9.1% $0.000000 10,955 31 May 2023 Common Stock 1,095 Direct F2, F7
* 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 August 17, 2021, pursuant to the reporting person's employment agreement and vest in 12 equal quarterly installments commencing on November 30, 2021.
F4 These Restricted Stock Units were issued under the Issuer's 2011 Equity Incentive Plan on November 16, 2021, pursuant to the reporting person's employment agreement and vest in 12 equal quarterly installments commencing on February 28, 2022.
F5 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.
F6 These Restricted Stock Units were issued under the Issuer's 2011 Equity Incentive Plan on August 16, 2022 and vest quarterly in 12 equal quarterly installments commencing November 30, 2022.
F7 These Restricted Stock Units were issued under the Issuer's 2011 Equity Incentive Plan on November 18, 2022 and vest quarterly in 12 equal quarterly installments commencing February 28, 2023.