Key facts
- This page summarizes John W. Foley II's Form 4 filing for CarLotz, Inc..
- 2 reported transactions and 8 derivative rows are listed below.
- Accepted by SEC: 21 Mar 2022, 16:05.
John W. Foley II - 17 Mar 2022 Form 4 Insider Report for CarLotz, Inc.
- Reporting relationship
- Chief Operating Officer
- Issuer ticker
- N/A
- Reported as of
- 17 Mar 2022
- Net transaction value
- $0
- SEC form
- 4
- Accepted by SEC
- 21 Mar 2022, 16:05:22 UTC
- Prior SEC filing
- 02 Feb 2022
- Source filing
- View source filing
- Reporting owner signature
- /s/ Rebecca C. Polak as attorney-in-fact for Mr. Foley
Source evidence
Original filing metadata and source links for verification.
4 source fields
Reporting owner
1 detail
Key filing fact
John W. Foley II filed Form 4 for CarLotz, Inc. on 21 Mar 2022.
Change
- Previous filing in this sequence was filed on 02 Feb 2022.
- Current net transaction value: $0.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
LOTZ
holding
Class A Common Stock
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 7,773
- Date
- 17 Mar 2022
- Ownership
- Direct
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
LOTZ
transaction
Derivative
Stock Option (right to buy)
Award
- Transaction value
- $0
- Shares
- +257,335
- Change %
- Price
- $0.000000
- Shares after
- 257,335
- Date
- 17 Mar 2022
- Ownership
- Direct
- Underlying class
- Class A Common Stock
- Underlying amount
- 257,335
- Exercise price
- $1.68
- Footnotes
- F6
LOTZ
transaction
Derivative
Restricted Stock Units
Award
- Transaction value
- $0
- Shares
- +178,572
- Change %
- Price
- $0.000000
- Shares after
- 178,572
- Date
- 17 Mar 2022
- Ownership
- Direct
- Underlying class
- Class A Common Stock
- Underlying amount
- 178,572
- Exercise price
- Footnotes
- F4, F7
LOTZ
holding
Derivative
Stock Option (right to buy)
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 178,373
- Date
- 17 Mar 2022
- Ownership
- Direct
- Underlying class
- Class A Common Stock
- Underlying amount
- 178,373
- Exercise price
- $0.6400
- Footnotes
- F1
LOTZ
holding
Derivative
Stock Option (right to buy)
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 613,480
- Date
- 17 Mar 2022
- Ownership
- Direct
- Underlying class
- Class A Common Stock
- Underlying amount
- 613,480
- Exercise price
- $0.9200
- Footnotes
- F1
LOTZ
holding
Derivative
Stock Option (right to buy)
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 407,710
- Date
- 17 Mar 2022
- Ownership
- Direct
- Underlying class
- Class A Common Stock
- Underlying amount
- 407,710
- Exercise price
- $0.9200
- Footnotes
- F1
LOTZ
holding
Derivative
Stock Option (right to buy)
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 64,109
- Date
- 17 Mar 2022
- Ownership
- Direct
- Underlying class
- Class A Common Stock
- Underlying amount
- 64,109
- Exercise price
- $11.35
- Footnotes
- F2
LOTZ
holding
Derivative
Restricted Stock Units
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 120,698
- Date
- 17 Mar 2022
- Ownership
- Direct
- Underlying class
- Class A Common Stock
- Underlying amount
- 120,698
- Exercise price
- Footnotes
- F3, F4
LOTZ
holding
Derivative
Restricted Stock Units
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 33,039
- Date
- 17 Mar 2022
- Ownership
- Direct
- Underlying class
- Class A Common Stock
- Underlying amount
- 33,039
- Exercise price
- Footnotes
- F4, F5
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 7 footnotes
Footnote F1
These options are fully vested and exercisable.
Footnote F2
These options are service options that vest based on the passage of time and the Reporting Person's continued service with the Issuer. 16,027 of these options are currently exercisable and the remaining 48,082 become exercisable in three equal annual installments beginning on January 21, 2023.
Footnote F3
These restricted stock units will vest if, prior to January 21, 2026, the closing share price of the Class A common stock exceeds the following thresholds. One-half will vest if the closing share price of the Class A common stock exceeds $12.50 for any 20 trading days within any 30 trading day period and one-half will vest if the closing share price of the Class A common stock exceeds $15.00 for any 20 trading days within any 30 trading day period.
Footnote F4
Each restricted stock unit is convertible into a share of Class A common stock on a 1-for-1 basis.
Footnote F5
These restricted stock units remain subject to a time-vesting requirement and are scheduled to vest and settle in Class A common stock as follows: one-third of these restricted stock units vest on January 21, 2023, one-third of these restricted stock units vest on January 21, 2024 and one-third of these restricted stock units vest on January 21, 2025, assuming continued employment through the applicable vesting date.
Footnote F6
The options will vest and become exercisable in three equal annual installments commencing on March 17, 2023, subject to the Reporting Person's continuous service with the Issuer through the relevant vesting dates.
Footnote F7
The restricted stock units will vest in three equal annual installments commencing on March 17, 2023, subject to the Reporting Person's continuous service with the Issuer through the relevant vesting dates.