Edward H. Murphy - 30 Apr 2023 Form 4 Insider Report for IZEA Worldwide, Inc. (IZEA)

Role
Chief Executive Officer, Director
Signature
By: /s/ Peter J. Biere as attorney-in-fact for Edward H. Murphy
Issuer symbol
IZEA
Transactions as of
30 Apr 2023
Transactions value $
-$3,350
Form type
4
Filing time
02 May 2023, 15:17:15 UTC
Previous filing
18 Apr 2023
Next filing
30 May 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction IZEA Common Stock Options Exercise $0 +5,382 +0.67% $0 811,564 30 Apr 2023 Direct
transaction IZEA Common Stock Options Exercise $0 +414 +0.05% $0 811,978 30 Apr 2023 Direct
transaction IZEA Common Stock Options Exercise $0 +446 +0.05% $0 812,424 30 Apr 2023 Direct
transaction IZEA Common Stock Options Exercise $0 +742 +0.09% $0 813,166 30 Apr 2023 Direct
transaction IZEA Common Stock Options Exercise $0 +1,095 +0.13% $0 814,261 30 Apr 2023 Direct
transaction IZEA Common Stock Options Exercise $0 +407 +0.05% $0 814,668 30 Apr 2023 Direct
transaction IZEA Common Stock Options Exercise $0 +748 +0.09% $0 815,416 30 Apr 2023 Direct
transaction IZEA Common Stock Options Exercise $0 +4,167 +0.51% $0 819,583 30 Apr 2023 Direct
transaction IZEA Common Stock Options Exercise $0 +761 +0.09% $0 820,344 30 Apr 2023 Direct
transaction IZEA Common Stock Options Exercise $0 +1,301 +0.16% $0 821,645 30 Apr 2023 Direct
transaction IZEA Common Stock Tax liability -$3,349 -5,751 -0.7% $0.5825 815,894 30 Apr 2023 Direct F1
holding IZEA Common Stock 13,127 30 Apr 2023 By Dogfish Ventures LLLP F2
holding IZEA Common Stock 3 30 Apr 2023 By Spouse

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 IZEA Restricted Stock Units Options Exercise $0 -5,382 -25% $0 16,145 30 Apr 2023 Common Stock 5,382 Direct F3, F4
transaction IZEA Restricted Stock Units Options Exercise $0 -414 -100% $0* 0 30 Apr 2023 Common Stock 414 Direct F3, F5
transaction IZEA Restricted Stock Units Options Exercise $0 -446 -25% $0 1,338 30 Apr 2023 Common Stock 446 Direct F3, F6
transaction IZEA Restricted Stock Units Options Exercise $0 -742 -14.29% $0 4,452 30 Apr 2023 Common Stock 742 Direct F3, F7
transaction IZEA Restricted Stock Units Options Exercise $0 -1,095 -4.17% $0 25,173 30 Apr 2023 Common Stock 1,095 Direct F3, F8
transaction IZEA Restricted Stock Units Options Exercise $0 -407 -4% $0 9,778 30 Apr 2023 Common Stock 407 Direct F3, F9
transaction IZEA Restricted Stock Units Options Exercise $0 -748 -3.44% $0 20,972 30 Apr 2023 Common Stock 748 Direct F3, F10
transaction IZEA Restricted Stock Units Options Exercise $0 -4,167 -2.5% $0 162,497 30 Apr 2023 Common Stock 4,167 Direct F3, F11
transaction IZEA Restricted Stock Units Options Exercise $0 -761 -3.13% $0 23,583 30 Apr 2023 Common Stock 761 Direct F3, F12
transaction IZEA Restricted Stock Units Options Exercise $0 -1,301 -2.78% $0 45,525 30 Apr 2023 Common Stock 1,301 Direct F3, F13
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Reflects shares surrendered to the Issuer to satisfy tax withholding obligations upon vesting of the Restricted Stock Units.
F2 Edward Murphy, as a partner of Dogfish Ventures LLLP, has voting power and investment power over the securities held by Dogfish Ventures LLLP.
F3 Each Restricted Stock Unit represents a contingent right to receive at settlement one share of Issuer common stock.
F4 These Restricted Stock Units were issued under the Issuer's 2011 Equity Incentive Plan on August 29, 2019 and vest in 48 equal monthly installments commencing on the grant date and on the last day of each succeeding month thereafter.
F5 These Restricted Stock Units were issued under the Issuer's 2011 Equity Incentive Plan on May 31, 2020 and vest in 36 equal monthly installments commencing on the last day of the month in which the grant occurred and on the last day of each succeeding month thereafter.
F6 These Restricted Stock Units were issued under the Issuer's 2011 Equity Incentive Plan on August 31, 2020 and vest in 36 equal monthly installments commencing on the last day of the month in which the grant occurred and on the last day of each succeeding month thereafter.
F7 These Restricted Stock Units were issued under the Issuer's 2011 Equity Incentive Plan on November 30, 2020 and vest in 36 equal monthly installments commencing on the last day of the month in which the grant occurred and on the last day of each succeeding month thereafter.
F8 These Restricted Stock Units were issued under the Issuer's 2011 Equity Incentive Plan on April 1, 2022 and vest in 36 equal monthly installments commencing on the last day of the month in which the grant occurred and on the last day of each succeeding month thereafter.
F9 These Restricted Stock Units were issued under the Issuer's 2011 Equity Incentive Plan on May 19, 2022 and vest in 36 equal monthly installments commencing on the last day of the month in which the grant occurred and on the last day of each succeeding month thereafter.
F10 These Restricted Stock Units were issued under the Issuer's 2011 Equity Incentive Plan on August 16, 2022, and vest 1/12th cliff vesting on November 30, 2022 then in equal monthly installments over the next 33 months.
F11 This Option was issued under the Issuer's May 2011 Equity Incentive Plan on August 27, 2022, pursuant to the reporting person's employment agreement and vests in 48 equal monthly installments commencing on the grant date and on the last day of each succeeding month thereafter.
F12 These Restricted Stock Units were issued under the Issuer's 2011 Equity Incentive Plan on November 18, 2022, and vest in equal monthly installments over 12 months.
F13 These Restricted Stock Units were issued under the Issuer's 2011 Equity Incentive Plan on April 14, 2023, pursuant to the reporting person's employment agreement and vest in thirty-six monthly installments.