Adam Nash - Oct 13, 2021 Form 4 Insider Report for SHIFT TECHNOLOGIES, INC. (SFT)

Role
Director
Signature
/s/ George Arison, attorney-in-fact for Adam Nash
Stock symbol
SFT
Transactions as of
Oct 13, 2021
Transactions value $
-$1,310
Form type
4
Date filed
10/15/2021, 11:46 AM
Previous filing
Jul 28, 2021
Next filing
Jul 18, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SFT Class A Common Stock Other -$1.31K -131 -7.14% $10.00* 1.71K Oct 13, 2021 Held by Adam and Carolyn Nash Family Trust, U/D/T January 25, 2012 F1, F2
holding SFT Class A Common Stock 12.5K Oct 13, 2021 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
F2 The merger agreement entered into in connection with the Merger placed a value on the company's common stock of $10 a share.