Ryan S. Schram - Jun 30, 2023 Form 4 Insider Report for IZEA Worldwide, Inc. (IZEA)

Signature
By: /s/ Peter J. Biere as attorney-in-fact for Ryan S. Schram
Stock symbol
IZEA
Transactions as of
Jun 30, 2023
Transactions value $
-$1,440
Form type
4
Date filed
7/3/2023, 04:08 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 +443 +0.94% $0.00 47.4K Jun 30, 2023 Direct F1
transaction IZEA Common Stock Options Exercise $0 +163 +0.34% $0.00 47.6K Jun 30, 2023 Direct
transaction IZEA Common Stock Options Exercise $0 +18 +0.04% $0.00 47.6K Jun 30, 2023 Direct
transaction IZEA Common Stock Options Exercise $0 +14 +0.03% $0.00 47.6K Jun 30, 2023 Direct
transaction IZEA Common Stock Options Exercise $0 +23 +0.05% $0.00 47.7K Jun 30, 2023 Direct
transaction IZEA Common Stock Options Exercise $0 +97 +0.2% $0.00 47.8K Jun 30, 2023 Direct
transaction IZEA Common Stock Options Exercise $0 +94 +0.2% $0.00 47.9K Jun 30, 2023 Direct
transaction IZEA Common Stock Options Exercise $0 +95 +0.2% $0.00 47.9K Jun 30, 2023 Direct
transaction IZEA Common Stock Options Exercise $0 +239 +0.5% $0.00 48.2K Jun 30, 2023 Direct
transaction IZEA Common Stock Options Exercise $0 +162 +0.34% $0.00 48.4K Jun 30, 2023 Direct
transaction IZEA Common Stock Options Exercise $0 +69 +0.14% $0.00 48.4K Jun 30, 2023 Direct
transaction IZEA Common Stock Tax liability -$1.44K -595 -1.23% $2.42 47.8K Jun 30, 2023 Direct F2

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 -443 -14.29% $0.00 2.66K Jun 30, 2023 Common Stock 443 Direct F3, F4, F5
transaction IZEA Restricted Stock Units Options Exercise $0 -163 -10% $0.00 1.47K Jun 30, 2023 Common Stock 163 Direct F3, F6, F7
transaction IZEA Restricted Stock Units Options Exercise $0 -18 -9.09% $0.00 180 Jun 30, 2023 Common Stock 18 Direct F3, F8, F9
transaction IZEA Restricted Stock Units Options Exercise $0 -14 -6.7% $0.00 195 Jun 30, 2023 Common Stock 14 Direct F3, F10, F11
transaction IZEA Restricted Stock Units Options Exercise $0 -23 -5.71% $0.00 380 Jun 30, 2023 Common Stock 23 Direct F3, F12, F13
transaction IZEA Restricted Stock Units Options Exercise $0 -97 -3.22% $0.00 2.92K Jun 30, 2023 Common Stock 97 Direct F3, F14, F15
transaction IZEA Restricted Stock Units Options Exercise $0 -94 -33.33% $0.00 188 Jun 30, 2023 Common Stock 94 Direct F3, F16, F17
transaction IZEA Restricted Stock Units Options Exercise $0 -95 -16.64% $0.00 476 Jun 30, 2023 Common Stock 95 Direct F3, F18, F19
transaction IZEA Restricted Stock Units Options Exercise $0 -239 -2.32% $0.00 10.1K Jun 30, 2023 Common Stock 239 Direct F3, F20, F21
transaction IZEA Restricted Stock Units Options Exercise $0 -162 -9.95% $0.00 1.47K Jun 30, 2023 Common Stock 162 Direct F3, F22, F23
transaction IZEA Restricted Stock Units Options Exercise $0 -69 -8.97% $0.00 700 Jun 30, 2023 Common Stock 69 Direct F3, F24, F25
* 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 Each Restricted Stock Unit represents a contingent right to receive at settlement one share of Issuer common stock.
F4 These Restricted Stock Units were issued under the Issuer's 2011 Equity Incentive Plan on January 3, 2020 and vest in 48 equal monthly installments commencing on the grant date and on the last day of each succeeding month thereafter.
F5 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 10,626 RSUs to 2,658 RSUs.
F6 These Restricted Stock Units were issued under the Issuer's 2011 Equity Incentive Plan on April 3, 2020 and vest in 48 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.
F7 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 5,859 RSUs to 1,467 RSUs.
F8 These Restricted Stock Units were issued under the Issuer's 2011 Equity Incentive Plan on May 31, 2020 and vest in 48 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.
F9 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 700 RSUs to 180 RSUs.
F10 These Restricted Stock Units were issued under the Issuer's 2011 Equity Incentive Plan on August 31, 2020 and vest in 48 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.
F11 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 741 RSUs to 195 RSUs.
F12 These Restricted Stock Units were issued under the Issuer's 2011 Equity Incentive Plan on November 30, 2020 and vest in 48 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.
F13 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 1,488 RSUs to 380 RSUs.
F14 These Restricted Stock Units were issued under the Issuer's 2011 Equity Incentive Plan on January 1, 2022 and vest in 48 equal monthly installments commencing on the grant date and on the last day of each succeeding month thereafter.
F15 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 11,660 RSUs to 2,919 RSUs.
F16 These Restricted Stock Units were issued under the Issuer's 2011 Equity Incentive Plan on August 16, 2022, with 1/4 vesting on November 30, 2022 and the rest vesting in equal installments over 9 months.
F17 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 748 RSUs to 188 RSUs.
F18 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.
F19 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 1,902 RSUs to 476 RSUs.
F20 These Restricted Stock Units were issued under the Issuer's 2011 Equity Incentive Plan on January 1, 2023, pursuant to the reporting person's employment agreement and vest in 48 equal monthly installments commencing on the grant date.
F21 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 40,278 RSUs to 10,075 RSUs.
F22 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 12 monthly installments.
F23 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 5,854 RSUs to 1,466 RSUs.
F24 These Restricted Stock Units were issued 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.
F25 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 2,790 RSUs to 700 RSUs.