Jason Travis Curtis - Aug 17, 2021 Form 4 Insider Report for SHIFT TECHNOLOGIES, INC. (SFT)

Role: Chief Accounting Officer
Signature: George Arison, attorney-in-fact for Jason Travis Curtis
Stock symbol: SFT
Transactions as of: Aug 17, 2021
Transactions value $: $0
Form type: 4
Date filed: 8/18/2021, 03:42 PM
Previous filing: Jun 23, 2021
Next filing: Jun 6, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SFT	Class A Common Stock	Award	$0	+122K		$0.00	122K	Aug 17, 2021	Direct	F1, F2

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

Explanation of Responses:

Id	Content
F1	Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of Class A common stock, par value $0.0001 per share of Shift Technologies, Inc. (the "Company").
F2	On the first Vest Date falling on or after June 1, 2022, 25% of the award shall vest. The remainder shall vest in equal tranches over three years, with 1/16th of the total award vesting on each subsequent Vest Date (Vest Dates are the 20th of February, May, August and November). However, the first and last quarterly vesting tranches shall be adjusted according to the number of days elapsed during the period from June 1, 2022 to the first Vest Date.

Content

Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of Class A common stock, par value $0.0001 per share of Shift Technologies, Inc. (the "Company").

On the first Vest Date falling on or after June 1, 2022, 25% of the award shall vest. The remainder shall vest in equal tranches over three years, with 1/16th of the total award vesting on each subsequent Vest Date (Vest Dates are the 20th of February, May, August and November). However, the first and last quarterly vesting tranches shall be adjusted according to the number of days elapsed during the period from June 1, 2022 to the first Vest Date.