Biere Peter - Nov 30, 2023 Form 4 Insider Report for IZEA Worldwide, Inc. (IZEA)

Role
Chief Financial Officer
Signature
/s/ Peter J. Biere
Stock symbol
IZEA
Transactions as of
Nov 30, 2023
Transactions value $
-$566
Form type
4
Date filed
12/4/2023, 04:53 PM
Previous filing
Nov 2, 2023
Next filing
Jan 3, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction IZEA Common Stock Options Exercise $0 +89 +1.61% $0.00 5.61K Nov 30, 2023 Direct F1
transaction IZEA Common Stock Options Exercise $0 +57 +1.02% $0.00 5.66K Nov 30, 2023 Direct
transaction IZEA Common Stock Options Exercise $0 +79 +1.4% $0.00 5.74K Nov 30, 2023 Direct
transaction IZEA Common Stock Options Exercise $0 +270 +4.7% $0.00 6.01K Nov 30, 2023 Direct
transaction IZEA Common Stock Options Exercise $0 +274 +4.56% $0.00 6.29K Nov 30, 2023 Direct
transaction IZEA Common Stock Tax liability -$566 -236 -3.75% $2.40 6.05K Nov 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 -89 -25% $0.00 267 Nov 30, 2023 Common Stock 89 Direct F3, F4
transaction IZEA Restricted Stock Units Options Exercise $0 -57 -20% $0.00 228 Nov 30, 2023 Common Stock 57 Direct F3, F5
transaction IZEA Restricted Stock Units Options Exercise $0 -79 -3.33% $0.00 2.29K Nov 30, 2023 Common Stock 79 Direct F3, F6
transaction IZEA Restricted Stock Units Options Exercise $0 -270 -12.52% $0.00 1.89K Nov 30, 2023 Common Stock 270 Direct F3, F7
transaction IZEA Restricted Stock Units Options Exercise $0 -274 -11.12% $0.00 2.19K Nov 30, 2023 Common Stock 274 Direct F3, F8
* 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 August 17, 2021, and vest in equal quarterly installments over 36 months on the last day of each quarterly month.
F5 These Restricted Stock Units were issued under the Issuer's 2011 Equity Incentive Plan on November 16, 2021 and vest in equal quarterly installments over 36 months on the last day of each quarterly month.
F6 These Restricted Stock Units were issued under the Issuer's 2011 Equity Incentive Plan on April 1, 2022 and vest 25% after one year and then 75% in 36 equal monthly installments commencing on the last day of each succeeding month thereafter.
F7 These Restricted Stock Units were issued under the Issuer's 2011 Equity Incentive Plan on August 18, 2022, and vest in equal quarterly installments over 36 months on the last day of each quarterly month.
F8 These Restricted Stock Units were issued under the Issuer's 2011 Equity Incentive Plan on November 18, 2022 and vest quarterly in 12 equal quarterly installments commencing February 28, 2023.