Edward H. Murphy - Aug 27, 2023 Form 4 Insider Report for IZEA Worldwide, Inc. (IZEA)

Role
Chief Executive Officer, Director
Signature
By: /s/ Peter J. Biere as attorney-in-fact for Edward H. Murphy
Stock symbol
IZEA
Transactions as of
Aug 27, 2023
Transactions value $
-$1,558
Form type
4
Date filed
8/29/2023, 01:23 PM
Previous filing
Aug 22, 2023
Next filing
Mar 19, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction IZEA Common Stock Options Exercise $0 +1.78K +0.84% $0.00 214K Aug 27, 2023 Direct F1
transaction IZEA Common Stock Tax liability -$1.56K -666 -0.31% $2.34 213K Aug 27, 2023 Direct
holding IZEA Common Stock 3.28K Aug 27, 2023 By Dogfish Ventures LLLP F2
holding IZEA Common Stock 1 Aug 27, 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 Award $0 +85.5K $0.00 85.5K Aug 27, 2023 Common Stock 85.5K Direct F3, F4, F5
transaction IZEA Restricted Stock Units Options Exercise $0 -1.78K -2.08% $0.00 83.7K Aug 27, 2023 Common Stock 1.78K Direct F3, F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

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 Edward Murphy, as a partner of Dogish Ventures LLLP, has voting power and investment power over the securities held by Dogfish Ventures LLLP.
F3 This award was issued according to the reporting person's employment agreement terms.
F4 Each Restricted Stock Unit represents a contingent right to receive a settlement of one share of Issuer Common Stock.
F5 These Restricted Stock Units were issued under the Issuer's 2011 Equity Incentive Plan on August 27, 2023, and vest in 48 monthly installments commencing on the day the grant occurred and on the last day of each succeeding month thereafter.