Bor Michael W's Form 4 filing
CarLotz, Inc. (LOTZ) · filed May 12, 2022
- Accession no.
- 0001567619-22-010292
- Filed
- May 12, 2022
- Trade date
- Mar 24-May 11, 2022
- Filing delay
- 49 daysLate
- Rule 10b5-1 plan
- Not on the form (before 2023)
This filing lists 4 non-derivative transactions and 1 derivative transaction. Open-market sales total $237.4K. It was filed 49 days after the trade, past the 2-business-day deadline.
Reporting owners
A Form 4 can have several reporting owners, such as a person and a fund they control. Trade tables show the first one.
| Owner | Relationship to the company |
|---|---|
| Bor Michael WCIK 0001842000 | 10% Owner |
Non-derivative securities (Table I)
Acquisitions and disposals of common stock and similar shares, one row per line on the filing.
| Trade date | Security | Transaction | Shares | Price | Value | Shares after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Mar 24, 2022 | Class A Common Stock | MOption exerciseAcquired | +22,026 | $0.00F1 | $0 | 8,936,329 | Direct | |
| Mar 24, 2022 | Class A Common Stock | SSaleDisposed | −8,371 | $1.60 | −$13,393.6 | 8,927,958 | Direct | |
| May 10, 2022 | Class A Common Stock | SSaleDisposed | −180,465 | $0.77F3 | −$138,958.05 | 8,747,493 | Direct | |
| May 11, 2022 | Class A Common Stock | SSaleDisposed | −125,000 | $0.68F4 | −$85,000 | 8,622,493 | Direct |
Derivative securities (Table II)
Options, warrants, restricted stock units and similar. Shares are the underlying shares; price and value are for the derivative itself, and the holding after is in derivative units.
| Trade date | Security | Transaction | Underlying shares | Unit price | Value | Held after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Mar 24, 2022 | Class A Common Stock | MOption exerciseDisposed | −22,026 | $0.00 | $0 | 0 | Direct |
Footnotes and remarks
Livermore keeps the footnotes that transaction prices refer to, all footnotes of amendments (Form 4/A) and the filing's remarks. Other footnotes, such as how indirect holdings are held or the details of a trading plan, are only in the original on SEC EDGAR.
- F1
Each restricted stock unit is convertible into a share of Class A common stock on a 1-for-1 basis. The restricted stock units vested in Class A common stock on March 16, 2022.
Referenced by the price of 1 transaction in Table I.
- F3
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $0.70 to $0.81, inclusive. The reporting person undertakes to provide to CarLotz, Inc., any security holder of CarLotz, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes (3) and (4) to this Form 4.
Referenced by the price of 1 transaction in Table I.
- F4
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $0.61 to $0.76, inclusive.
Referenced by the price of 1 transaction in Table I.