0001213900-21-006494.txt : 20210203 0001213900-21-006494.hdr.sgml : 20210203 20210203170454 ACCESSION NUMBER: 0001213900-21-006494 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20210202 FILED AS OF DATE: 20210203 DATE AS OF CHANGE: 20210203 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Russell Tobias CENTRAL INDEX KEY: 0001828617 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-38839 FILM NUMBER: 21587082 MAIL ADDRESS: STREET 1: 137 ORD ST. CITY: SAN FRANCISCO STATE: CA ZIP: 94114 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 2021-02-02 0 0001762322 SHIFT TECHNOLOGIES, INC. SFT 0001828617 Russell Tobias C/O SHIFT TECHNOLOGIES, INC. 2525 16TH STREET, SUITE 316 SAN FRANCISCO CA 94103 1 1 0 0 See Remarks Restricted Stock Units 2021-02-02 4 A 0 1522136 0 A Class A Common Stock 1522136 1522136 D Restricted Stock Units 2021-02-02 4 A 0 761068 0 A Class A Common Stock 761068 761068 D Restricted Stock Units 2021-02-02 4 A 0 761068 0 A Class A Common Stock 761068 761068 D Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of Class A common stock, par value $0.001 per share, of Shift Technologies, Inc. (the "Company"). The RSUs vest quarterly over the two-year period following October 13, 2020, subject to continued employment with the Company or an affiliate of the Company. Vested RSUs are settled during the first open trading window of the Company following each calendar quarter; however, any RSUs vested on or before December 31, 2021 shall be settled during the first open trading window of the Company following December 31, 2021. The RSUs vest quarterly over the two-year period commencing on October 13, 2022, subject to continued employment with the Company or an affiliate of the Company. Vested RSUs are settled during the first open trading window of the Company following each calendar quarter; however, any RSUs vested on or before December 31, 2021 shall be settled during the first open trading window of the Company following December 31, 2021. The RSUs vest quarterly over the two-year period commencing on October 13, 2022, subject to the achievement of the applicable pre-determined performance target for the applicable performance year and the continued employment with the Company or an affiliate of the Company (subject to certain exceptions for termination without cause or for good reason as described in the RSU Agreement). Vested RSUs are settled during the first open trading window of the Company following each calendar quarter. Co-Chief Executive Officer and President. /s/ Amanda Bradley, attorney-in-fact for Tobias Russell 2021-02-03