| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | LOTZ | Class A Common Stock | Options Exercise | $0 | +22K | +0.25% | $0.00 | 8.94M | Mar 24, 2022 | Direct | F1 |
| transaction | LOTZ | Class A Common Stock | Sale | -$13.4K | -8.37K | -0.09% | $1.60* | 8.93M | Mar 24, 2022 | Direct | F2 |
| transaction | LOTZ | Class A Common Stock | Sale | -$139K | -180K | -2.02% | $0.77 | 8.75M | May 10, 2022 | Direct | F3 |
| transaction | LOTZ | Class A Common Stock | Sale | -$85K | -125K | -1.43% | $0.68 | 8.62M | May 11, 2022 | Direct | F4 |
| holding | LOTZ | Class A Common Stock | 953K | Mar 24, 2022 | Held by Bor Family Trust | ||||||
| holding | LOTZ | Class A Common Stock | 353K | Mar 24, 2022 | Held by Bor Grantor Retained Annuity Trust |
| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | LOTZ | Restricted Stock Units | Options Exercise | $0 | -22K | -100% | $0.00* | 0 | Mar 24, 2022 | Class A Common Stock | 22K | Direct | F8, F9 | |
| holding | LOTZ | Earnout Rights | 897K | Mar 24, 2022 | Class A Common Stock | 897K | Direct | F5 | ||||||
| holding | LOTZ | Stock Option (right to buy) | 255K | Mar 24, 2022 | Class A Common Stock | 255K | $0.64 | Direct | F6 | |||||
| holding | LOTZ | Stock Option (right to buy) | 613K | Mar 24, 2022 | Class A Common Stock | 613K | $0.92 | Direct | F7 | |||||
| holding | LOTZ | Stock Option (right to buy) | 510K | Mar 24, 2022 | Class A Common Stock | 510K | $0.92 | Direct | F7 | |||||
| holding | LOTZ | Stock Option (right to buy) | 64.1K | Mar 24, 2022 | Class A Common Stock | 64.1K | $11.35 | Direct | F6 | |||||
| holding | LOTZ | Earnout Rights | 105K | Mar 24, 2022 | Class A Common Stock | 105K | Held by Bor Family Trust | F5 | ||||||
| holding | LOTZ | Earnout Rights | 105K | Mar 24, 2022 | Class A Common Stock | 105K | Held by Bor Grantor Retained Annuity Trust | F5 |
| Id | Content |
|---|---|
| F1 | Each restricted stock unit is convertible into a share of Class A common stock on a 1-for-1 basis. The restricted stock units vested in Class A common stock on March 16, 2022. |
| F2 | The sale reported in the Form 4 was effected pursuant to a Rule 10b5-1 instruction solely with the intent to cover withholding taxes in connection with the settlement of restricted stock units. |
| F3 | The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $0.70 to $0.81, inclusive. The reporting person undertakes to provide to CarLotz, Inc., any security holder of CarLotz, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes (3) and (4) to this Form 4. |
| F4 | The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $0.61 to $0.76, inclusive. |
| F5 | These earnout rights will vest if, prior to January 21, 2026, the closing share price of the Class A common stock exceeds the following thresholds. One-half will be issued if the closing share price of the Class A common stock exceeds $12.50 for any 20 trading days within any 30 trading day period and one-half will be issued if the closing share price of the Class A common stock exceeds $15.00 for any 20 trading days within any 30 trading day period. |
| F6 | Pursuant to the terms of the Separation and Release Agreement between CarLotz, Inc. and the reporting person dated March 14, 2022 (the "Separation Agreement"), these options are fully vested and exercisable until June 16, 2022. |
| F7 | These options are fully vested and exercisable in accordance with their terms. |
| F8 | Each restricted stock unit is convertible into a share of Class A common stock on a 1-for-1 basis. |
| F9 | Pursuant to the terms of the Separation Agreement, these restricted stock units fully vested on March 16, 2022. |