Ryan S. Schram - 31 May 2023 Form 4 Insider Report for IZEA Worldwide, Inc. (IZEA)

Role
Chief Operating Officer, Director
Signature
By: /s/ Peter J. Biere as attorney-in-fact for Ryan S. Schram
Issuer symbol
IZEA
Transactions as of
31 May 2023
Transactions value $
-$1,785
Form type
4
Filing time
01 Jun 2023, 11:31:39 UTC
Previous filing
30 May 2023
Next filing
03 Jul 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 +1,771 +0.96% $0 186,468 31 May 2023 Direct
transaction IZEA Common Stock Options Exercise $0 +651 +0.35% $0 187,119 31 May 2023 Direct
transaction IZEA Common Stock Options Exercise $0 +70 +0.04% $0 187,189 31 May 2023 Direct
transaction IZEA Common Stock Options Exercise $0 +57 +0.03% $0 187,246 31 May 2023 Direct
transaction IZEA Common Stock Options Exercise $0 +93 +0.05% $0 187,339 31 May 2023 Direct
transaction IZEA Common Stock Options Exercise $0 +389 +0.21% $0 187,728 31 May 2023 Direct
transaction IZEA Common Stock Options Exercise $0 +375 +0.2% $0 188,103 31 May 2023 Direct
transaction IZEA Common Stock Options Exercise $0 +380 +0.2% $0 188,483 31 May 2023 Direct
transaction IZEA Common Stock Options Exercise $0 +959 +0.51% $0 189,442 31 May 2023 Direct
transaction IZEA Common Stock Options Exercise $0 +651 +0.34% $0 190,093 31 May 2023 Direct
transaction IZEA Common Stock Options Exercise $0 +279 +0.15% $0 190,372 31 May 2023 Direct
transaction IZEA Common Stock Tax liability -$1,785 -2,365 -1.24% $0.7548 188,007 31 May 2023 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 IZEA Restricted Stock Units Options Exercise $0 -1,771 -12.5% $0 12,397 31 May 2023 Common Stock 1,771 Direct F2, F3
transaction IZEA Restricted Stock Units Options Exercise $0 -651 -9.09% $0 6,510 31 May 2023 Common Stock 651 Direct F2, F4
transaction IZEA Restricted Stock Units Options Exercise $0 -70 -8.33% $0 770 31 May 2023 Common Stock 70 Direct F2, F5
transaction IZEA Restricted Stock Units Options Exercise $0 -57 -6.67% $0 798 31 May 2023 Common Stock 57 Direct F2, F6
transaction IZEA Restricted Stock Units Options Exercise $0 -93 -5.56% $0 1,581 31 May 2023 Common Stock 93 Direct F2, F7
transaction IZEA Restricted Stock Units Options Exercise $0 -389 -3.13% $0 12,049 31 May 2023 Common Stock 389 Direct F2, F8
transaction IZEA Restricted Stock Units Options Exercise $0 -375 -25.05% $0 1,122 31 May 2023 Common Stock 375 Direct F2, F9
transaction IZEA Restricted Stock Units Options Exercise $0 -381 -14.31% $0 2,282 31 May 2023 Common Stock 380 Direct F2, F10
transaction IZEA Restricted Stock Units Options Exercise $0 -959 -2.27% $0 41,237 31 May 2023 Common Stock 959 Direct F2, F11
transaction IZEA Restricted Stock Units Options Exercise $0 -651 -9.1% $0 6,504 31 May 2023 Common Stock 651 Direct F2, F12
transaction IZEA Restricted Stock Units Options Exercise $0 -279 -8.33% $0 3,070 31 May 2023 Common Stock 279 Direct F2, 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 Each Restricted Stock Unit represents a contingent right to receive at settlement one share of Issuer common stock.
F3 These Restricted Stock Units were issued under the Issuer's 2011 Equity Incentive Plan on January 3, 2020 and vest in 48 equal monthly installments commencing on the grant date and on the last day of each succeeding month thereafter.
F4 These Restricted Stock Units were issued under the Issuer's 2011 Equity Incentive Plan on April 3, 2020 and vest in 48 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.
F5 These Restricted Stock Units were issued under the Issuer's 2011 Equity Incentive Plan on May 31, 2020 and vest in 48 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 48 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 48 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 January 1, 2022 and vest in 48 equal monthly installments commencing on the grant date 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 August 16, 2022, with 1/4 vesting on November 30, 2022 and the rest vesting in equal installments over 9 months.
F10 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.
F11 These Restricted Stock Units were issued under the Issuer's 2011 Equity Incentive Plan on January 1, 2023, pursuant to the reporting person's employment agreement and vest in 48 equal monthly installments commencing on the grant date.
F12 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 12 monthly installments.
F13 These Restricted Stock Units were issued under the Issuer's 2011 Equity Incentive Plan pursuant to the reporting person's employment agreement and vest in 12 equal monthly installments on the last day of each month.