Key facts
- This page summarizes Ayman Moussa's Form 4 filing for SHIFT TECHNOLOGIES, INC..
- 2 reported transactions and 1 derivative row are listed below.
- Accepted by SEC: 05 Jul 2023, 19:43.
Ayman Moussa - 30 Jun 2023 Form 4 Insider Report for SHIFT TECHNOLOGIES, INC.
- Reporting relationship
- Chief Executive Officer, Director
- Issuer ticker
- N/A
- Reported as of
- 30 Jun 2023
- Net transaction value
- $0
- SEC form
- 4
- Accepted by SEC
- 05 Jul 2023, 19:43:02 UTC
- Prior SEC filing
- 16 Jun 2023
- Source filing
- View source filing
- Reporting owner signature
- /s/ Scott Hodgdon, Attorney-in-fact for Ayman Moussa
Source evidence
Original filing metadata and source links for verification.
4 source fields
Reporting owner
1 detail
Key filing fact
Ayman Moussa filed Form 4 for SHIFT TECHNOLOGIES, INC. on 05 Jul 2023.
Change
- Previous filing in this sequence was filed on 16 Jun 2023.
- 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.
SFT
transaction
Class A Common Stock
Award
- Transaction value
- $0
- Shares
- +950,000
- Change %
- Price
- $0.000000
- Shares after
- 950,000
- Date
- 30 Jun 2023
- Ownership
- Direct
- Footnotes
- F1, F2
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
SFT
transaction
Derivative
Performance Stock Units
Award
- Transaction value
- $0
- Shares
- +950,000
- Change %
- Price
- $0.000000
- Shares after
- 950,000
- Date
- 30 Jun 2023
- Ownership
- Direct
- Underlying class
- Class A Common Stock
- Underlying amount
- 950,000
- Exercise price
- Footnotes
- F3
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 3 footnotes
Footnote 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").
Footnote F2
237,500 of the RSUs vest on June 30, 2024. The remaining 712,500 RSUs vest in 12 equal quarterly tranches thereafter. Vested RSU awards are settled during the Company's next open trading window following each calendar quarter. Vesting is subject to continued employment with the Company or an affiliate of the Company.
Footnote F3
Represents a grant of Performance Stock Units ("PSUs"). Each PSU represents a contingent right to receive one share of Class A common stock, par value $0.0001 per share, of the Company. The PSUs vest quarterly over the two-year period commencing on December 31, 2023, subject to the achievement of the applicable pre-determined performance target for the applicable performance period and the continued employment with the Company or an affiliate of the Company (subject to certain exceptions for termination without cause or for good reason as described in the award agreement). Vested PSUs are settled during the first open trading window of the Company following each calendar quarter.