Ryan Lawrence - 02 Dec 2021 Form 4 Insider Report for SHIFT TECHNOLOGIES, INC.

Role: General Counsel
Signature: /s/Ryan Lawrence
Issuer symbol: N/A
Transactions as of: 02 Dec 2021
Net transactions value: $0
Form type: 4
Filing time: 06 Dec 2021, 16:22:44 UTC
Previous filing: 08 Nov 2021
Next filing: 26 Apr 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	Award	$0	+165,000		$0.000000	165,000	02 Dec 2021	Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of Class A common stock, par value $0.0001 per share of Shift Technologies, Inc. (the "Company").
F2	On the first Vest Date falling on or after November 1, 2022, 25% of the award shall vest. The remainder shall vest in equal tranches over three years, with 1/12th of the total award vesting on each of the subsequent Vest Dates (Vest Dates are the 20th of February, May, August and November). However, the first and last quarterly vesting tranches shall be adjusted according to the number of days elapsed during the period from November 1, 2022 to the first Vest Date.

Content

Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of Class A common stock, par value $0.0001 per share of Shift Technologies, Inc. (the "Company").

On the first Vest Date falling on or after November 1, 2022, 25% of the award shall vest. The remainder shall vest in equal tranches over three years, with 1/12th of the total award vesting on each of the subsequent Vest Dates (Vest Dates are the 20th of February, May, August and November). However, the first and last quarterly vesting tranches shall be adjusted according to the number of days elapsed during the period from November 1, 2022 to the first Vest Date.