Filing Details
- Accession Number:
- 0001104659-22-111250
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2022-10-25 17:46:22
- Reporting Period:
- 2022-10-21
- Accepted Time:
- 2022-10-25 17:46:22
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 1759008 | Carlotz Inc. | LOTZ | Retail-Auto Dealers & Gasoline Stations (5500) | 832456129 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1761840 | Lev Peker | C/O Carlotz, Inc. 3301 W. Moore Street Richmond VA 23230 | Ceo | Yes | Yes | No | No |
Reported Non-Derivative Transactions
| Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|---|---|---|---|---|---|
| Class A Common Stock | Disposition | 2022-10-21 | 5,056 | $0.25 | 3,206,549 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | S | Direct |
Reported Derivative Holdings
| Sec. Name | Sec. Type | Price | Date | Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
|---|---|---|---|---|---|---|---|
| Class A Common Stock | Restricted Stock Units | $0.00 | 2032-05-18 | 3,500,000 | 3,500,000 | Direct |
| Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
|---|---|---|---|
| 2032-05-18 | 3,500,000 | 3,500,000 | Direct |
Footnotes
- The sale reported in the Form 4 was effected pursuant to a Rule 10b5-1 instruction solely with the intent to cover withholding taxes in connection with the settlement of restricted stock.
- The total reported in Column 5 includes 2,917,028 shares of restricted stock that resulted the amendment of 3,123,584 restricted stock units previously reported on Table II of Form 4 by the Reporting Person. The total reported in Column 5 includes 2,917,028 shares of restricted stock previously reported as restricted stock units in Table II and 289,521 shares of Class A common stock. As such, there are no new or incremental awards being made the Reporting Person.
- Each restricted stock unit represents a contingent right to receive one share of the Issuer's Class A common stock, subject to the Reporting Person's continued employment with the Issuer through the applicable vesting date. Each restricted stock unit is convertible into a share of Class A common stock on a 1-for-1 basis.
- These restricted stock units will vest if the following provisions are met: (i) one-third of the shares will vest on the first day the Issuer's stock achieves a 20-trading day volume-weighted average price of $4.00; (ii) one-third of the shares will vest on the first day the Issuer's stock achieves a 20-trading day volume-weighted average price of $8.00; and (iii) one-third of the shares will vest on the first day the Issuer's stock achieves a 20-trading day volume-weighted average price of $12.00, subject to the Reporting Person's continuous employment with the Issuer through the relevant vesting dates.
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