Home > Insider Trading > Filing (0001104659-22-122546)

Filing Details

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
1927112	Ozan Kaya	C/O Carlotz, Inc. 3301 W. Moore Street Richmond VA 23230	President	No	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	2022-11-23	129,969	$0.18	970,031	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			1,100,000	1,100,000	Direct

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
	1,100,000	1,100,000	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 reported transaction involved the sale of 129,969 shares of restricted stock upon the accelerated vesting of 275,000 shares of restricted stock to cover withholding taxes in connection with the settlement of restricted stock. The total reported in Column 5 includes 970,031 shares of restricted stock that resulted from the amendment of 1,100,000 restricted stock units previously reported on Table II of Form 4 by the Reporting Person. As such, there are no new or incremental awards being made the Reporting Person.
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 service with the Issuer through the relevant vesting dates.