Luis Igancio Solorzano Aizpuru - Jun 2, 2022 Form 4 Insider Report for CarLotz, Inc. (LOTZ)

Role: Director
Signature: /s/ Rebecca C. Polak as attorney-in-fact for Mr. Solorzano
Stock symbol: LOTZ
Transactions as of: Jun 2, 2022
Transactions value $: $0
Form type: 4
Date filed: 6/6/2022, 09:44 PM
Previous filing: Jun 15, 2021
Next filing: Dec 12, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	LOTZ	Class A Common Stock	Options Exercise	$0	+24.8K		$0.00	24.8K	Jun 2, 2022	Direct	F1
holding	LOTZ	Class A Common Stock						7.33M	Jun 2, 2022	See Footnote	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	LOTZ	Restricted Stock Units	Options Exercise	$0	-24.8K	-100%	$0.00^*	0	Jun 2, 2022	Class A Common Stock	24.8K		Direct	F3, F4
transaction	LOTZ	Restricted Stock Units	Award	$0	+218K		$0.00	218K	Jun 2, 2022	Class A Common Stock	218K		Direct	F3, F4
holding	LOTZ	Private Placement Warrants						1.27M	Jun 2, 2022	Class A Common Stock	1.27M	$11.50	See Footnote	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	These shares of Class A common stock reflect the settlement of Restricted Stock Units of the Issuer on June 2, 2022. Each Restricted Stock Unit is convertible into a share of Class A common stock on a 1-for-1 basis.
F2	Represents securities held by Acamar Partners Sponsor I LLC ("Acamar Sponsor"). Mr. Solorzano is a managing member of Acamar Sponsor and shares the voting and dispositive power of the securities held by Acamar Sponsor. Accordingly, Mr. Solorzano may be deemed to have or share beneficial ownership of such securities, Mr. Solorzano disclaims any beneficial ownership of the reported securities other than to the extent of any pecuniary interest he may have therein, directly or indirectly.
F3	Each Restricted Stock Unit represents a contingent right to receive one share of Class A Common Stock.
F4	These Restricted Stock Units vest on the earlier of (i) the day immediately preceding the date of the first annual meeting of stockholders following the date of grant and (ii) the first anniversary of the date of grant.