Edward H. Murphy - Jun 30, 2023 Form 4 Insider Report for IZEA Worldwide, Inc. (IZEA)

Signature
By: /s/ Peter J. Biere as attorney-in-fact for Edward H. Murphy
Stock symbol
IZEA
Transactions as of
Jun 30, 2023
Transactions value $
-$2,615
Form type
4
Date filed
7/3/2023, 04:05 PM
Previous filing
Jun 1, 2023
Next filing
Aug 1, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction IZEA Common Stock Options Exercise $0 +1.35K +0.65% $0.00 208K Jun 30, 2023 Direct F1
transaction IZEA Common Stock Options Exercise $0 +112 +0.05% $0.00 208K Jun 30, 2023 Direct
transaction IZEA Common Stock Options Exercise $0 +186 +0.09% $0.00 208K Jun 30, 2023 Direct
transaction IZEA Common Stock Options Exercise $0 +274 +0.13% $0.00 208K Jun 30, 2023 Direct
transaction IZEA Common Stock Options Exercise $0 +102 +0.05% $0.00 208K Jun 30, 2023 Direct
transaction IZEA Common Stock Options Exercise $0 +187 +0.09% $0.00 209K Jun 30, 2023 Direct
transaction IZEA Common Stock Options Exercise $0 +1.04K +0.5% $0.00 210K Jun 30, 2023 Direct
transaction IZEA Common Stock Options Exercise $0 +190 +0.09% $0.00 210K Jun 30, 2023 Direct
transaction IZEA Common Stock Options Exercise $0 +325 +0.15% $0.00 210K Jun 30, 2023 Direct
transaction IZEA Common Stock Options Exercise $0 +139 +0.07% $0.00 210K Jun 30, 2023 Direct
transaction IZEA Common Stock Tax liability -$3.54K -1.46K -0.7% $2.42 209K Jun 30, 2023 Direct F2
transaction IZEA Common Stock Purchase $923 +500 +0.24% $1.85 209K Jun 30, 2023 Direct
holding IZEA Common Stock 3.28K Jun 30, 2023 By Dogfish Ventures LLLP F3
holding IZEA Common Stock 1 Jun 30, 2023 By Spouse

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 -1.35K -50% $0.00 1.35K Jun 30, 2023 Common Stock 1.35K Direct F4, F5, F6
transaction IZEA Restricted Stock Units Options Exercise $0 -112 -50% $0.00 112 Jun 30, 2023 Common Stock 112 Direct F4, F7, F8
transaction IZEA Restricted Stock Units Options Exercise $0 -186 -20% $0.00 744 Jun 30, 2023 Common Stock 186 Direct F4, F9, F10
transaction IZEA Restricted Stock Units Options Exercise $0 -274 -4.55% $0.00 5.75K Jun 30, 2023 Common Stock 274 Direct F4, F11, F12
transaction IZEA Restricted Stock Units Options Exercise $0 -102 -4.35% $0.00 2.24K Jun 30, 2023 Common Stock 102 Direct F4, F13, F14
transaction IZEA Restricted Stock Units Options Exercise $0 -187 -3.7% $0.00 4.87K Jun 30, 2023 Common Stock 187 Direct F4, F15, F16
transaction IZEA Restricted Stock Units Options Exercise $0 -1.04K -2.63% $0.00 38.5K Jun 30, 2023 Common Stock 1.04K Direct F4, F17, F18
transaction IZEA Restricted Stock Units Options Exercise $0 -190 -3.33% $0.00 5.52K Jun 30, 2023 Common Stock 190 Direct F4, F19, F20
transaction IZEA Restricted Stock Units Options Exercise $0 -325 -2.94% $0.00 10.7K Jun 30, 2023 Common Stock 325 Direct F4, F21, F22
transaction IZEA Restricted Stock Units Options Exercise $0 -139 -2.85% $0.00 4.75K Jun 30, 2023 Common Stock 139 Direct F4, F23, F24
* 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 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.
F2 Reflects shares surrendered to the Issuer to satisfy tax withholding obligations upon vesting of the Restricted Stock Units.
F3 Edward Murphy, as a partner of Dogish Ventures LLLP, has voting power and investment power over the securities held by Dogfish Ventures LLLP.
F4 Each Restricted Stock Unit represents a contingent right to receive at settlement one share of Issuer common stock.
F5 These Restricted Stock Units were issued under the Issuer's 2011 Equity Incentive Plan on August 29, 2019 and vest in 48 equal monthly installments commencing on the grant date and on the last day of each succeeding month thereafter.
F6 As a result of the Reverse Stock Split, the Reporting Person's ownership of unvested restricted stock units ("RSUs") representing underlying shares of Common Stock, which were issued to the Reporting Person under the Issuer's 2011 Equity Incentive Plan, being reduced from 5,382 RSUs to 1,346 RSUs.
F7 These Restricted Stock Units were issued under the Issuer's 2011 Equity Incentive Plan on August 31, 2020 and vest in 36 equal monthly installments commencing on the last day of the month in which the grant occurred and on the last day of each succeeding month thereafter.
F8 As a result of the Reverse Stock Split, the Reporting Person's ownership of unvested restricted stock units ("RSUs") representing underlying shares of Common Stock, which were issued to the Reporting Person under the Issuer's 2011 Equity Incentive Plan, being reduced from 446 RSUs to 112 RSUs.
F9 These Restricted Stock Units were issued under the Issuer's 2011 Equity Incentive Plan on November 30, 2020 and vest in 36 equal monthly installments commencing on the last day of the month in which the grant occurred and on the last day of each succeeding month thereafter.
F10 As a result of the Reverse Stock Split, the Reporting Person's ownership of unvested restricted stock units ("RSUs") representing underlying shares of Common Stock, which were issued to the Reporting Person under the Issuer's 2011 Equity Incentive Plan, being reduced from 2,968 RSUs to 744 RSUs.
F11 These Restricted Stock Units were issued under the Issuer's 2011 Equity Incentive Plan on April 1, 2022 and vest in 36 equal monthly installments commencing on the last day of the month in which the grant occurred and on the last day of each succeeding month thereafter.
F12 As a result of the Reverse Stock Split, the Reporting Person's ownership of unvested restricted stock units ("RSUs") representing underlying shares of Common Stock, which were issued to the Reporting Person under the Issuer's 2011 Equity Incentive Plan, being reduced from 22,986 RSUs to 5,754 RSUs.
F13 These Restricted Stock Units were issued under the Issuer's 2011 Equity Incentive Plan on May 19, 2022 and vest in 36 equal monthly installments commencing on the last day of the month in which the grant occurred and on the last day of each succeeding month thereafter.
F14 As a result of the Reverse Stock Split, the Reporting Person's ownership of unvested restricted stock units ("RSUs") representing underlying shares of Common Stock, which were issued to the Reporting Person under the Issuer's 2011 Equity Incentive Plan, being reduced from 8,963 RSUs to 2,244 RSUs.
F15 These Restricted Stock Units were issued under the Issuer's 2011 Equity Incentive Plan on August 16, 2022, and vest 1/12th cliff vesting on November 30, 2022 then in equal monthly installments over the next 33 months.
F16 As a result of the Reverse Stock Split, the Reporting Person's ownership of unvested restricted stock units ("RSUs") representing underlying shares of Common Stock, which were issued to the Reporting Person under the Issuer's 2011 Equity Incentive Plan, being reduced from 19,473 RSUs to 4,870 RSUs.
F17 This Option was issued under the Issuer's May 2011 Equity Incentive Plan on August 27, 2022, pursuant to the reporting person's employment agreement and vests in 48 equal monthly installments commencing on the grant date and on the last day of each succeeding month thereafter.
F18 As a result of the Reverse Stock Split, the Reporting Person's ownership of unvested restricted stock units ("RSUs") representing underlying shares of Common Stock, which were issued to the Reporting Person under the Issuer's 2011 Equity Incentive Plan, being reduced from 154,163 RSUs to 38,538 RSUs.
F19 These Restricted Stock Units were issued under the Issuer's 2011 Equity Incentive Plan on November 18, 2022, and vest in equal monthly installments over 12 months.
F20 As a result of the Reverse Stock Split, the Reporting Person's ownership of unvested restricted stock units ("RSUs") representing underlying shares of Common Stock, which were issued to the Reporting Person under the Issuer's 2011 Equity Incentive Plan, being reduced from 22,061 RSUs to 5,517 RSUs.
F21 These Restricted Stock Units were issued under the Issuer's 2011 Equity Incentive Plan on April 14, 2023, pursuant to the reporting person's employment agreement and vest in thirty-six monthly installments.
F22 As a result of the Reverse Stock Split, the Reporting Person's ownership of unvested restricted stock units ("RSUs") representing underlying shares of Common Stock, which were issued to the Reporting Person under the Issuer's 2011 Equity Incentive Plan, being reduced from 42,924 RSUs to 10,732 RSUs.
F23 These Restricted Stock Units were issued on May 26, 2023, under the Issuer's 2011 Equity Incentive Plan pursuant to the reporting person's employment agreement and vest in 12 equal monthly installments on the last day of each month.
F24 As a result of the Reverse Stock Split, the Reporting Person's ownership of unvested restricted stock units ("RSUs") representing underlying shares of Common Stock, which were issued to the Reporting Person under the Issuer's 2011 Equity Incentive Plan, being reduced from 18,976 RSUs to 4,746 RSUs.