George Arison - 13 Oct 2021 Form 4 Insider Report for SHIFT TECHNOLOGIES, INC.

Role
Co-Chief Executive Officer and Chairman of the Board., Director
Signature
/s/George Arison
Issuer symbol
N/A
Transactions as of
13 Oct 2021
Net transactions value
-$771,010
Form type
4
Filing time
15 Oct 2021, 11:45:44 UTC
Previous filing
28 Jul 2021
Next filing
28 Feb 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SFT Class A Common Stock Gift $0 -53,000 -40% $0.000000 79,473 13 Oct 2021 Held by IGA Holdings, LLC F1
transaction SFT Class A Common Stock Other $146,080 -14,608 -7.1% $10.00* 190,161 13 Oct 2021 Held by Irakly George LLC F2, F3
transaction SFT Class A Common Stock Other $530,430 -53,043 -1.8% $10.00* 2,953,703 13 Oct 2021 Direct F2, F3
transaction SFT Class A Common Stock Other $94,500 -9,450 -12% $10.00* 70,023 13 Oct 2021 Held by IGA Holdings, LLC F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares were transferred as a bona fide gift. The reporting person did not receive compensation for the gifting of shares.
F2 Forfeiture of shares of company common stock held in escrow in connection with the closing of the merger (the "Merger") of Shift Platform, Inc., a Delaware corporation (formerly known as Shift Technologies, Inc.), with a wholly-owned subsidiary of the company, and returned to the company due to the reported closing sale price of the company's common stock not exceeding $12.00 per share for 20 out of any 30 consecutive trading days during the first 12 months following October 13, 2020.
F3 The merger agreement entered into in connection with the Merger placed a value on the company's common stock of $10 a share.

Remarks:

Co-Chief Executive Officer and Chairman of the Board.