Edward H. Murphy - 31 Oct 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
31 Oct 2023
Transactions value $
-$3,644
Form type
4
Filing time
02 Nov 2023, 16:22:00 UTC
Previous filing
02 Oct 2023
Next filing
04 Dec 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 +186 +0.09% $0 217,647 31 Oct 2023 Direct F1
transaction IZEA Common Stock Options Exercise $0 +274 +0.13% $0 217,921 31 Oct 2023 Direct
transaction IZEA Common Stock Options Exercise $0 +102 +0.05% $0 218,023 31 Oct 2023 Direct
transaction IZEA Common Stock Options Exercise $0 +187 +0.09% $0 218,210 31 Oct 2023 Direct
transaction IZEA Common Stock Options Exercise $0 +1,042 +0.48% $0 219,252 31 Oct 2023 Direct
transaction IZEA Common Stock Options Exercise $0 +190 +0.09% $0 219,442 31 Oct 2023 Direct
transaction IZEA Common Stock Options Exercise $0 +325 +0.15% $0 219,767 31 Oct 2023 Direct
transaction IZEA Common Stock Options Exercise $0 +139 +0.06% $0 219,906 31 Oct 2023 Direct
transaction IZEA Common Stock Options Exercise $0 +277 +0.13% $0 220,183 31 Oct 2023 Direct
transaction IZEA Common Stock Options Exercise $0 +1,781 +0.81% $0 221,964 31 Oct 2023 Direct
transaction IZEA Common Stock Tax liability -$3,643 -1,687 -0.76% $2.16 220,277 31 Oct 2023 Direct F2
holding IZEA Common Stock 3,282 31 Oct 2023 By Dogfish Ventures LLLP F3
holding IZEA Common Stock 1 31 Oct 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 -186 -100% $0* 0 31 Oct 2023 Common Stock 186 Direct F4, F5
transaction IZEA Restricted Stock Units Options Exercise $0 -274 -5.6% $0 4,658 31 Oct 2023 Common Stock 274 Direct F4, F6
transaction IZEA Restricted Stock Units Options Exercise $0 -102 -5.3% $0 1,836 31 Oct 2023 Common Stock 102 Direct F4, F7
transaction IZEA Restricted Stock Units Options Exercise $0 -187 -4.3% $0 4,122 31 Oct 2023 Common Stock 187 Direct F4, F8
transaction IZEA Restricted Stock Units Options Exercise $0 -1,042 -2.9% $0 34,370 31 Oct 2023 Common Stock 1,042 Direct F4, F9
transaction IZEA Restricted Stock Units Options Exercise $0 -190 -3.8% $0 4,757 31 Oct 2023 Common Stock 190 Direct F4, F10
transaction IZEA Restricted Stock Units Options Exercise $0 -325 -3.3% $0 9,432 31 Oct 2023 Common Stock 325 Direct F4, F11
transaction IZEA Restricted Stock Units Options Exercise $0 -139 -3.2% $0 4,190 31 Oct 2023 Common Stock 139 Direct F4, F12
transaction IZEA Restricted Stock Units Options Exercise $0 -277 -2.9% $0 9,146 31 Oct 2023 Common Stock 277 Direct F4, F13, F14
transaction IZEA Restricted Stock Units Options Exercise $0 -1,781 -2.2% $0 80,128 31 Oct 2023 Common Stock 1,781 Direct F4, F15
transaction IZEA Restricted Stock Units Award $0 +67,882 $0 67,882 31 Oct 2023 Common Stock 67,882 Direct F4, F16
* 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 Edward Murphy, as a partner of Dogish Ventures LLLP, has voting power and investment power over the securities held by Dogfish Ventures LLLP.
F4 Each Restricted Stock Unit represents a contingent right to receive at settlement one share of Issuer common stock.
F5 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.
F6 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.
F7 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.
F8 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.
F9 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.
F10 These Restricted Stock Units were issued under the Issuer's 2011 Equity Incentive Plan on November 18, 2022, pursuant to the reporting person's employment agreement and vest in equal monthly installments over 36 months.
F11 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 equal monthly installments over 36 months.
F12 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 36 equal monthly installments on the last day of each month.
F13 These Restricted Stock Units were issued under the Issuer's 2011 Equity Incentive Plan on August 18, 2023 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.
F14 These Restricted Stock Units were issued under the Issuer's 2011 Equity Incentive Plan on August 18, 2023 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.
F15 These Restricted Stock Units were issued under the Issuer's 2011 Equity Incentive Plan on August 27, 2023, and vest in 48 monthly installments commencing on the day the grant occurred and on the last day of each succeeding month thereafter.
F16 These Restricted Stock Units were issued under the Issuer's 2011 Equity Incentive Plan on October 31, 2023 and vest over a three-year term, one-third vesting 12 months after the grant date and then in equal amounts quarterly after that.