Lev Peker - May 19, 2023 Form 4 Insider Report for PARTS iD, Inc. (ID)

Role: Chief Executive Officer, Director
Signature: /s/ Lev Peker
Stock symbol: ID
Transactions as of: May 19, 2023
Transactions value $: $750,000
Form type: 4
Date filed: 5/23/2023, 04:30 PM
Previous filing: Apr 28, 2023
Next filing: Jul 26, 2023

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	ID	Warrant (Right to Purchase)	Award		+1.56M			1.56M	May 19, 2023	Class A Common Stock	1.56M	$0.48	Direct	F1
transaction	ID	Convertible Notes	Award	$750K				$750K	May 19, 2023	Class A Common Stock			Direct	F2

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

Explanation of Responses:

Id	Content
F1	The warrants were received in consideration for the loans forwarded by Mr. Peker and which are evidenced by a convertible promissory note (the "Convertible Note").
F2	The Convertible Note accrues interest at 7.75% per annum, compounded semi-annually and such interest may be paid at the option of PARTS iD, Inc. (the "Company") either in cash or common stock. The Convertible Note matures on May 19, 2025 (the "Maturity Date"). Effective on the Maturity Date, if the Convertible Notes has not otherwise been repaid by the Company in accordance with the terms and conditions set forth therein, then at the option of the Reporting Person, the outstanding balance of the Convertible Note (including any accrued but unpaid interest thereon) (the "Note Amount") shall convert into that number of fully paid and nonassessable shares of the Company's Class A common stock at a conversion price equal to the respective Note Amount (as defined in the Convertible Note) divided by the Conversion Price (as defined in the Convertible Note).

Content

The warrants were received in consideration for the loans forwarded by Mr. Peker and which are evidenced by a convertible promissory note (the "Convertible Note").

The Convertible Note accrues interest at 7.75% per annum, compounded semi-annually and such interest may be paid at the option of PARTS iD, Inc. (the "Company") either in cash or common stock. The Convertible Note matures on May 19, 2025 (the "Maturity Date"). Effective on the Maturity Date, if the Convertible Notes has not otherwise been repaid by the Company in accordance with the terms and conditions set forth therein, then at the option of the Reporting Person, the outstanding balance of the Convertible Note (including any accrued but unpaid interest thereon) (the "Note Amount") shall convert into that number of fully paid and nonassessable shares of the Company's Class A common stock at a conversion price equal to the respective Note Amount (as defined in the Convertible Note) divided by the Conversion Price (as defined in the Convertible Note).