Lindsay A. Gardner - Jun 30, 2023 Form 4 Insider Report for IZEA Worldwide, Inc. (IZEA)

Role
Director
Signature
By: /s/ Peter J. Biere as attorney-in-fact for Lindsay A. Gardner
Stock symbol
IZEA
Transactions as of
Jun 30, 2023
Transactions value $
$0
Form type
4
Date filed
7/3/2023, 03:50 PM
Previous filing
Apr 3, 2023
Next filing
Oct 2, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction IZEA Common Stock Award $0 +6.2K +10.85% $0.00 63.3K Jun 30, 2023 Direct F1, F2
* 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 Restricted Stock received for Q2 2023 director fees valued at $15,000 based on the closing market price of $2.4200 on the grant date of June 30, 2023. The award vests immediately at the grant date.
F2 On June 16, 2023 the Issuer effected a 1-for-4 reverse stock split (the "Reverse Stock Split"). The number of securities reported on this Form 4 have been adjusted to reflect the Reverse Stock Split.