0001213900-20-039400.txt : 20201125
0001213900-20-039400.hdr.sgml : 20201125
20201125195618
ACCESSION NUMBER: 0001213900-20-039400
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20201125
FILED AS OF DATE: 20201125
DATE AS OF CHANGE: 20201125
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Foy Sean
CENTRAL INDEX KEY: 0001828627
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-38839
FILM NUMBER: 201352485
MAIL ADDRESS:
STREET 1: 1915 HAYES LANE
CITY: SAN MARTIN
STATE: CA
ZIP: 95046
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: SHIFT TECHNOLOGIES, INC.
CENTRAL INDEX KEY: 0001762322
STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-AUTO DEALERS & GASOLINE STATIONS [5500]
IRS NUMBER: 825325852
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 2525 16TH STREET
STREET 2: SUITE 316
CITY: SAN FRANCISCO
STATE: CA
ZIP: 94103
BUSINESS PHONE: (815) 575-6739
MAIL ADDRESS:
STREET 1: 2525 16TH STREET
STREET 2: SUITE 316
CITY: SAN FRANCISCO
STATE: CA
ZIP: 94103
FORMER COMPANY:
FORMER CONFORMED NAME: Insurance Acquisition Corp.
DATE OF NAME CHANGE: 20181218
4
1
ownership.xml
X0306
4
2020-11-25
0
0001762322
SHIFT TECHNOLOGIES, INC.
SFT
0001828627
Foy Sean
C/O SHIFT TECHNOLOGIES, INC.
2525 16TH STREET, SUITE 316
SAN FRANCISCO
CA
94103
0
1
0
0
See Remarks
Class A Common Stock
2020-11-25
2020-11-25
4
P
0
12500
8.0980
A
138301
D
Price reported constitutes the average weighted price of shares purchased. Shares were purchased at varying prices in the range of $8.05 - $8.10. The reporting person hereby undertakes, upon request of the Commission, the issuer or a security holder of the issuer, to provide full information regarding the number of shares purchased at each separate price.
Includes 17,949 shares held in escrow ("Additional Shares"). If the reported closing sale price of the company's common stock does not exceed $12.00 per share for 20 out of any 30 consecutive trading days during the first 12 months following October 13, 2020, which we refer to as the First Threshold, then fifty percent (50%) of the Additional Shares will be returned to the company (and either placed into treasury or retired, in the discretion of the company). If the First Threshold is reached, such Additional Shares will be released from escrow. If the reported closing sale price of our common stock does not exceed $15.00 per share for 20 out of any 30 consecutive trading days during the first 30 months following October 13, 2020, which we refer to as the Second Threshold, then fifty percent (50%) of the Additional Shares will be returned to the company (and either placed into treasury or retired, in the discretion of the company). If the Second Threshold is reached, such Additional Shares will be released from escrow.
Chief Operating Officer
/s/ Amanda Bradley, attorney-in-fact for Sean Foy
2020-11-25