Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
transaction | SFT | Class A Common Stock | Tax liability | -$8.26K | -8.26K | -2.18% | $1.00 | 370K | May 20, 2022 | Direct | F1 |
transaction | SFT | Class A Common Stock | Award | $0 | +35K | +9.45% | $0.00 | 405K | Jun 3, 2022 | Direct | F2, F3 |
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. |