| FORM 4 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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| Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). | |||||||||||||||||
1. Name and Address of Reporting Person*
(Street)
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2. Issuer Name and Ticker or Trading Symbol
IZEA Worldwide, Inc. [ IZEA ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 09/06/2024 | ||||||||||||||||||||||||||
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4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
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| Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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| 1. Title of Security (Instr. 3) | 2. Transaction Date (Month/Day/Year) | 2A. Deemed Execution Date, if any (Month/Day/Year) | 3. Transaction Code (Instr. 8) | 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) | 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) | 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 7. Nature of Indirect Beneficial Ownership (Instr. 4) | |||
| Code | V | Amount | (A) or (D) | Price | ||||||
| Common Stock | 09/06/2024 | M | 48 | A | $0 | 60,960 | D | |||
| Common Stock | 09/06/2024 | M | 1,561 | A | $0 | 62,521 | D | |||
| Common Stock | 09/06/2024 | M | 6,720 | A | $0 | 69,241 | D | |||
| Common Stock | 09/06/2024 | M | 15,151 | A | $0 | 84,392 | D | |||
| Common Stock | 09/06/2024 | M | 23,148 | A | $0 | 107,540 | D | |||
| Common Stock | 09/06/2024 | M | 103 | A | $0 | 107,643 | D | |||
| Common Stock | 09/06/2024 | M | 24,876 | A | $0 | 132,519 | D | |||
| Common Stock | 09/06/2024 | M | 1,127 | A | $0 | 133,646 | D | |||
| Common Stock | 09/06/2024 | M | 21,739 | A | $0 | 155,385 | D | |||
| Common Stock | 09/06/2024 | M | 17,986 | A | $0 | 173,371 | D | |||
| Common Stock | 09/06/2024 | F | 46,814(1) | D | $2.14 | 126,557 | D | |||
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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| 1. Title of Derivative Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date (Month/Day/Year) | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) | ||||
| Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
| Restricted Stock Units | (2) | 09/06/2024 | M | 48 | 11/30/2020 | (3) | Common Stock | 48 | $0 | 0 | D | ||||
| Restricted Stock Units | (2) | 09/06/2024 | M | 1,561 | 01/01/2022 | (4) | Common Stock | 1,561 | $0 | 0 | D | ||||
| Restricted Stock Units | (2) | 09/06/2024 | M | 6,720 | 01/31/2023 | (5) | Common Stock | 6,720 | $0 | 0 | D | ||||
| Restricted Stock Units | (2) | 09/06/2024 | M | 103 | 11/30/2023 | (6) | Common Stock | 103 | $0 | 0 | D | ||||
| Restricted Stock Units | (2) | 09/06/2024 | M | 1,127 | 04/30/2024 | (7) | Common Stock | 1,127 | $0 | 0 | D | ||||
| Restricted Stock Units | (2) | 09/06/2024 | M | 15,151 | 09/01/2024 | (8) | Common Stock | 15,151 | $0 | 0 | D | ||||
| Restricted Stock Units | (2) | 09/06/2024 | M | 24,876 | 01/31/2025 | (9) | Common Stock | 24,876 | $0 | 0 | D | ||||
| Restricted Stock Units | (2) | 09/06/2024 | M | 23,148 | 10/31/2024 | (10) | Common Stock | 23,148 | $0 | 0 | D | ||||
| Restricted Stock Units | (2) | 09/06/2024 | M | 17,986 | 04/30/2025 | (11) | Common Stock | 17,986 | $0 | 0 | D | ||||
| Restricted Stock Units | (2) | 09/06/2024 | M | 21,739 | 07/31/2025 | (12) | Common Stock | 21,739 | $0 | 0 | D | ||||
| Explanation of Responses: |
| 1. Reflects shares surrendered to the Issuer to satisfy tax withholding obligations upon vesting of the Restricted Stock Units. |
| 2. Each Restricted Stock Unit represents a contingent right to receive at settlement one share of Issuer common stock. |
| 3. 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. |
| 4. 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. |
| 5. 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. |
| 6. These Restricted Stock Units were issued under the Issuer's 2011 Equity Incentive Plan on November 24, 2023, and vest in 12 equal monthly installments commencing on the last day of the month the grant occurred and on the last day of each succeeding month after that. |
| 7. These Restricted Stock Units were issued under the Issuer's 2011 Equity Incentive Plan on April 12, 2024 and vest in 12 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. |
| 8. These Restricted Stock Units were issued under the Issuer's 2011 Equity Incentive Plan on September 1, 2023 and have a 1/3 cliff vesting at 1 year from grant date, then quarterly over 2 years. |
| 9. These Restricted Stock Units were issued under the Issuer's 2011 Equity Incentive Plan on January 31, 2024, and vest over a three-year term, one-third vesting 12 months after the grant date and then in equal amounts quarterly after that. |
| 10. 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. |
| 11. These Restricted Stock Units were issued under the Issuer's 2011 Equity Incentive Plan on April 30, 2024, and vest over a three-year term, one-third vesting 12 months from the grant date and then in equal quarterly installments after that. |
| 12. These Restricted Stock Units were issued under the Issuer's 2011 Equity Incentive Plan on July 31, 2024, and vest over a three-year term, one-third vesting 12 months from the grant date and then in equal quarterly installments after that. |
| Remarks: |
| By: /s/ Peter J. Biere as attorney-in-fact for Ryan S. Schram | 09/10/2024 | |
| ** Signature of Reporting Person | Date | |
| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
| * If the form is filed by more than one reporting person, see Instruction 4 (b)(v). | ||
| ** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
| Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
| Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. | ||