Ryan S. Schram - 31 Jul 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 Jul 2023
Transactions value $
-$1,427
Form type
4
Filing time
01 Aug 2023, 16:55:41 UTC
Previous filing
03 Jul 2023
Next filing
22 Aug 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 +443 +0.93% $0 48,267 31 Jul 2023 Direct F1
transaction IZEA Common Stock Options Exercise $0 +163 +0.34% $0 48,430 31 Jul 2023 Direct
transaction IZEA Common Stock Options Exercise $0 +18 +0.04% $0 48,448 31 Jul 2023 Direct
transaction IZEA Common Stock Options Exercise $0 +15 +0.03% $0 48,463 31 Jul 2023 Direct
transaction IZEA Common Stock Options Exercise $0 +23 +0.05% $0 48,486 31 Jul 2023 Direct
transaction IZEA Common Stock Options Exercise $0 +97 +0.2% $0 48,583 31 Jul 2023 Direct
transaction IZEA Common Stock Options Exercise $0 +94 +0.19% $0 48,677 31 Jul 2023 Direct
transaction IZEA Common Stock Options Exercise $0 +95 +0.2% $0 48,772 31 Jul 2023 Direct
transaction IZEA Common Stock Options Exercise $0 +239 +0.49% $0 49,011 31 Jul 2023 Direct
transaction IZEA Common Stock Options Exercise $0 +162 +0.33% $0 49,173 31 Jul 2023 Direct
transaction IZEA Common Stock Options Exercise $0 +70 +0.14% $0 49,243 31 Jul 2023 Direct
transaction IZEA Common Stock Tax liability -$1,426 -597 -1.2% $2.39 48,646 31 Jul 2023 Direct F2

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 -443 -17% $0 2,215 31 Jul 2023 Common Stock 443 Direct F3, F4
transaction IZEA Restricted Stock Units Options Exercise $0 -163 -11% $0 1,304 31 Jul 2023 Common Stock 163 Direct F3, F5
transaction IZEA Restricted Stock Units Options Exercise $0 -18 -10% $0 162 31 Jul 2023 Common Stock 18 Direct F3, F6
transaction IZEA Restricted Stock Units Options Exercise $0 -15 -7.7% $0 180 31 Jul 2023 Common Stock 15 Direct F3, F7
transaction IZEA Restricted Stock Units Options Exercise $0 -23 -6.1% $0 357 31 Jul 2023 Common Stock 23 Direct F3, F8
transaction IZEA Restricted Stock Units Options Exercise $0 -97 -3.3% $0 2,822 31 Jul 2023 Common Stock 97 Direct F3, F9
transaction IZEA Restricted Stock Units Options Exercise $0 -94 -50% $0 94 31 Jul 2023 Common Stock 94 Direct F3, F10
transaction IZEA Restricted Stock Units Options Exercise $0 -95 -20% $0 381 31 Jul 2023 Common Stock 95 Direct F3, F11
transaction IZEA Restricted Stock Units Options Exercise $0 -239 -2.4% $0 9,836 31 Jul 2023 Common Stock 239 Direct F3, F12
transaction IZEA Restricted Stock Units Options Exercise $0 -162 -11% $0 1,304 31 Jul 2023 Common Stock 162 Direct F3, F13
transaction IZEA Restricted Stock Units Options Exercise $0 -70 -10% $0 630 31 Jul 2023 Common Stock 70 Direct F3, F14
* 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 On June 16, 2023 the Issuer effected a 1-for-4 reverse stock split (the "Reverse Stock Split"). The number of securities reported on this Form 4 have been adjusted to reflect the Reverse Stock Split.
F2 Reflects shares surrendered to the Issuer to satisfy tax withholding obligations upon vesting of the Restricted Stock Units.
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 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.
F5 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.
F6 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.
F7 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.
F8 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.
F9 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.
F10 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.
F11 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.
F12 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.
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 12 equal monthly installments on the last day of each month.
F14 These Restricted Stock Units were issued under the Issuer's 2011 Equity Incentive Plan on May 26, 2023, pursuant to the reporting person's employment agreement and vest in 12 equal monthly installments on the last day of each month.