Ryan S. Schram - 31 Aug 2024 Form 4 Insider Report for IZEA Worldwide, Inc. (IZEA)

Role
Chief Operating Officer, Director
Signature
By: /s/ Peter J. Biere as attorney-in-fact for Ryan S. Schram
Issuer symbol
IZEA
Transactions as of
31 Aug 2024
Net transactions value
-$7,496
Form type
4
Filing time
03 Sep 2024, 20:21:24 UTC
Previous filing
01 Aug 2024
Next filing
10 Sep 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction IZEA Common Stock Options Exercise $0 +24 +0.04% $0.000000 56,178 31 Aug 2024 Direct
transaction IZEA Common Stock Options Exercise $0 +97 +0.17% $0.000000 56,275 31 Aug 2024 Direct
transaction IZEA Common Stock Options Exercise $0 +240 +0.43% $0.000000 56,515 31 Aug 2024 Direct
transaction IZEA Common Stock Options Exercise $0 +52 +0.09% $0.000000 56,567 31 Aug 2024 Direct
transaction IZEA Common Stock Options Exercise $0 +161 +0.28% $0.000000 56,728 31 Aug 2024 Direct
transaction IZEA Common Stock Options Exercise $0 +7,576 +13% $0.000000 64,304 01 Sep 2024 Direct
transaction IZEA Common Stock Tax liability $7,496 -3,392 -5.3% $2.21 60,912 31 Aug 2024 Direct F1

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 -24 -33% $0.000000 48 31 Aug 2024 Common Stock 24 Direct F2, F3
transaction IZEA Restricted Stock Units Options Exercise $0 -97 -5.9% $0.000000 1,561 31 Aug 2024 Common Stock 97 Direct F2, F4
transaction IZEA Restricted Stock Units Options Exercise $0 -240 -3.4% $0.000000 6,720 31 Aug 2024 Common Stock 240 Direct F2, F5
transaction IZEA Restricted Stock Units Options Exercise $0 -52 -34% $0.000000 103 31 Aug 2024 Common Stock 52 Direct F2, F6
transaction IZEA Restricted Stock Units Options Exercise $0 -161 -12% $0.000000 1,127 31 Aug 2024 Common Stock 161 Direct F2, F7
transaction IZEA Restricted Stock Units Options Exercise $0 -7,576 -33% $0.000000 15,151 01 Sep 2024 Common Stock 7,576 Direct F2, 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 Reflects shares surrendered to the Issuer to satisfy tax withholding obligations upon vesting of the Restricted Stock Units.
F2 Each Restricted Stock Unit represents a contingent right to receive at settlement one share of Issuer common stock.
F3 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.
F4 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.
F5 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.
F6 These Restricted Stock Units were issued under the Issuer's 2011 Equity Incentive Plan on November 24, 2023, and vest in 12 equal monthly installments commencing on the last day of the month the grant occurred and on the last day of each succeeding month after that.
F7 These Restricted Stock Units were issued under the Issuer's 2011 Equity Incentive Plan on April 12, 2024 and vest in 12 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 These Restricted Stock Units were issued under the Issuer's 2011 Equity Incentive Plan on September 1, 2023 and have a 1/3 cliff vesting at 1 year from grant date, then quarterly over 2 years.