Ryan S. Schram - 20 Sep 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
20 Sep 2024
Net transactions value
-$6,963
Form type
4
Filing time
23 Sep 2024, 16:03:13 UTC
Previous 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 $4,020 +2,393 +1.9% $1.68 128,950 20 Sep 2024 Direct F1
transaction IZEA Common Stock Options Exercise $1,578 +1,667 +1.3% $0.9464 130,617 20 Sep 2024 Direct F2
transaction IZEA Common Stock Options Exercise $1,143 +1,667 +1.3% $0.6856 132,284 20 Sep 2024 Direct F3
transaction IZEA Common Stock Sale $6,963 -2,782 -2.1% $2.50 129,502 20 Sep 2024 Direct F4, F5

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 Option (Right to Buy) Options Exercise $4,020 -2,393 -100% $1.68 0 20 Sep 2024 Common Stock 2,393 $1.68 Direct
transaction IZEA Option (Right to Buy) Options Exercise $1,143 -1,667 -100% $0.6856 0 20 Sep 2024 Common Stock 1,667 $0.6856 Direct
transaction IZEA Option (Right to Buy) Options Exercise $1,578 -1,667 -100% $0.9464 0 20 Sep 2024 Common Stock 1,667 $0.9464 Direct
* 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 These purchase options were issued on August 14, 2019, under the Issuer's May 2011 Equity Incentive Plan and vest in 48 monthly installments.
F2 These purchase options were issued on December 31, 2019, under the Issuer's May 2011 Equity Incentive Plan and vest in 48 monthly installments.
F3 These purchase options were issued on April 1, 2020, under the Issuer's May 2011 Equity Incentive Plan and vest in 48 monthly installments.
F4 Proceeds of the sale of shares were used to cover the reporting person's liability from exercising the options.
F5 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $2.475 to $2.5101, inclusive. The reporting person undertakes to provide full information regarding the number of shares sold at each separate price to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, on request.