John H. Caron - 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 John H. Caron
Stock symbol
IZEA
Transactions as of
Jun 30, 2023
Transactions value $
$0
Form type
4
Date filed
7/3/2023, 03:53 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 +15.21% $0.00 47K Jun 30, 2023 Direct F1, F2
holding IZEA Common Stock 5K Jun 30, 2023 By John H. Caron 1999 Family Trust F2, F3
* 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. Award vests on 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.
F3 John H. Caron, as trustee, has voting power and investment power over the securities held by the John H. Caron 1999 Family Trust.