Statement of Changes in Beneficial Ownership (4)
August 16 2022 - 04:16PM
Edgar (US Regulatory)
FORM 4
[ ] Check this box if no longer subject to Section
16. Form 4 or Form 5 obligations may continue. See
Instruction 1(b).
|
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL
OWNERSHIP OF SECURITIES
|
OMB
APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response... 0.5 |
|
Filed pursuant to Section 16(a) of the
Securities Exchange Act of 1934 or Section 30(h) of the Investment
Company Act of 1940
|
|
1. Name
and Address of Reporting Person * TRP Capital
Partners, LP |
2. Issuer Name and Ticker or Trading
Symbol CarLotz, Inc. [ LOTZ ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)_____
Director __X__
10% Owner
_____ Officer (give title
below) _____ Other
(specify below)
|
(Last)
(First)
(Middle)
380 N. OLD WOODWARD AVE.,, SUITE 205 |
3. Date of Earliest Transaction (MM/DD/YYYY)
6/2/2022
|
(Street)
BIRMINGHAM, MI 48009
(City)
(State)
(Zip)
|
4. If Amendment, Date Original Filed
(MM/DD/YYYY)
|
6. Individual or Joint/Group Filing
(Check Applicable Line) _X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person |
Table I - Non-Derivative Securities Acquired, Disposed of, or
Beneficially Owned
|
1.Title of Security
(Instr. 3) |
2. Trans. Date |
2A. Deemed Execution Date, if any |
3. Trans. Code
(Instr. 8) |
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) |
5. Amount of Securities Beneficially Owned Following
Reported Transaction(s)
(Instr. 3 and 4) |
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4) |
7. Nature of Indirect Beneficial Ownership (Instr.
4) |
Code |
V |
Amount |
(A) or (D) |
Price |
Class A Common Stock |
6/2/2022 |
|
M |
|
49540 |
A |
$0 (1) |
60098 |
I |
See Footnote (2) |
Class A Common Stock |
|
|
|
|
|
|
|
21739678 |
D |
|
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible
securities)
|
1. Title of Derivate Security
(Instr. 3) |
2. Conversion or Exercise Price of Derivative
Security |
3. Trans. Date |
3A. Deemed Execution Date, if any |
4. Trans. Code
(Instr. 8) |
5. Number of Derivative Securities Acquired (A) or
Disposed of (D)
(Instr. 3, 4 and 5) |
6. Date Exercisable and Expiration Date |
7. Title and Amount of Securities Underlying
Derivative Security
(Instr. 3 and 4) |
8. Price of Derivative Security
(Instr. 5) |
9. Number of derivative Securities Beneficially
Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct
(D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr.
4) |
Code |
V |
(A) |
(D) |
Date Exercisable |
Expiration Date |
Title |
Amount or Number of Shares |
Restricted Stock Units |
(3) |
6/2/2022 |
|
M |
|
|
49540 |
(2) |
(2) |
Class A Common Stock |
49540 |
$0 |
0 |
I |
See Footnote (2) |
Restricted Stock Units |
(3) |
6/2/2022 |
|
A |
|
435330 |
|
(4) |
(4) |
Class A Common Stock |
435330 |
$0 |
435330 |
I |
See Footnote (4) |
Explanation of
Responses: |
(1) |
These shares of Class A
common stock reflect the settlement of Restricted Stock Units of
the Issuer on June 2, 2022. Each Restricted Stock Unit is
convertible into a share of Class A common stock on a 1-for-1
basis. |
(2) |
These Restricted Stock Units
were granted pursuant to the Issuer's 2020 Incentive Award Plan,
consisting of 24,770 Restricted Stock Units granted to David R.
Mitchell and 24,770 Restricted Stock Units granted to Steven G.
Carrel, each a Managing Director of the Reporting Person, in their
capacity as directors of the Issuer. Each of David R. Mitchell and
Steven G. Carrel has an understanding with the Reporting Person
pursuant to which he holds such shares for the benefit of the
Reporting Person. |
(3) |
Each Restricted Stock Unit
represents a contingent right to receive one share of Class A
Common Stock. |
(4) |
These Restricted Stock Units
were granted pursuant to the Issuer's 2020 Incentive Award Plan,
consisting of 217,665 Restricted Stock Units granted to David R.
Mitchell and 217,665 Restricted Stock Units granted to Steven G.
Carrel, each a Managing Director of the Reporting Person, in their
capacity as directors of the Issuer. These Restricted Stock Units
vest on the earlier of (i) the day immediately preceding the date
of the first annual meeting of stockholders following the date of
grant and (ii) the first anniversary of the date of grant. Each of
David R. Mitchell and Steven G. Carrel has an understanding with
TRP pursuant to which he holds such Restricted Stock Units for the
benefit of the Reporting Person. |
Reporting
Owners
|
Reporting Owner Name / Address |
Relationships
|
Director |
10% Owner |
Officer |
Other |
TRP Capital Partners, LP
380 N. OLD WOODWARD AVE.,
SUITE 205
BIRMINGHAM, MI 48009 |
|
X |
|
|
Signatures
|
/s/ David R. Mitchell, Managing
Director |
|
8/16/2022 |
**Signature
of Reporting Person |
Date |
Reminder: Report on a separate line for each class
of securities beneficially owned directly or
indirectly. |
* |
If the form is filed by more than one
reporting person, see Instruction 4(b)(v). |
** |
Intentional misstatements or omissions
of facts constitute Federal Criminal Violations. See 18
U.S.C. 1001 and 15 U.S.C. 78ff(a). |
Note: |
File three copies of this Form, one of
which must be manually signed. If space is insufficient, see
Instruction 6 for procedure. |
Persons who respond to the collection of information
contained in this form are not required to respond unless the form
displays a currently valid OMB control number. |
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