Sarah M. Kauss - 02 Jun 2022 Form 4 Insider Report for CarLotz, Inc. (LOTZ)

Role: Director
Signature: /s/ Rebecca C. Polak as attorney-in-fact for Ms. Kauss
Issuer symbol: LOTZ
Transactions as of: 02 Jun 2022
Net transactions value: $0
Form type: 4
Filing time: 06 Jun 2022, 21:46:00 UTC
Previous filing: 05 Apr 2022
Next filing: 06 Jun 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	LOTZ	Class A Common Stock	Options Exercise	$0	+24,770	+469%	$0.000000	30,049	02 Jun 2022	Direct	F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	LOTZ	Restricted Stock Units	Options Exercise	$0	-24,770	-100%	$0.000000^*	0	02 Jun 2022	Class A Common Stock	24,770		Direct	F2, F3
transaction	LOTZ	Restricted Stock Units	Award	$0	+217,665		$0.000000	217,665	02 Jun 2022	Class A Common Stock	217,665		Direct	F2, F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	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.
F2	Each Restricted Stock Unit represents a contingent right to receive one share of Class A common stock.
F3	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.