Karan Gupta - May 20, 2022 Form 4 Insider Report for SHIFT TECHNOLOGIES, INC. (SFT)

Role
Chief Technology Officer
Signature
/s/ George Arison, attorney-in-fact for Karan Gupta
Stock symbol
SFT
Transactions as of
May 20, 2022
Transactions value $
-$3,290
Form type
4
Date filed
6/6/2022, 07:18 PM
Previous filing
Feb 28, 2022
Next filing
Aug 24, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SFT Class A Common Stock Tax liability -$3.29K -3.29K -1.63% $1.00 198K May 20, 2022 Direct F1
transaction SFT Class A Common Stock Award $0 +20K +10.08% $0.00 218K Jun 3, 2022 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares withheld by the Company to satisfy tax withholding obligations in connection with the vesting of restricted stock units granted to the reporting person. The number of shares of Class A Common Stock withheld was determined based on the closing price of the Company's Class A Common Stock on May 20, 2022.
F2 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").
F3 The RSUs vest on May 20, 2023, subject to continued service with the Company or an affiliate of the Company. Vested RSUs will be settled during the first open trading window of the Company following the date of vesting.