Adam Nash - Jun 8, 2021 Form 4 Insider Report for SHIFT TECHNOLOGIES, INC. (SFT)

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SFT	Class A Common Stock	Award	$0	+12.5K		$0.00	12.5K	Jun 8, 2021	Direct	F1, F2
holding	SFT	Class A Common Stock						1.84K	Jun 8, 2021	Held by Adam and Carolyn Nash Family Trust, U/D/T January 25, 2012	F3

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

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	The RSUs vest on May 1, 2022, subject to continued service with the Company or an affiliate of the Company. Vested RSUs will be settled during the first open trading window of the Company following the date of vesting.
F3	Includes 262 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 the closing of the Merger (the "First Threshold"), then fifty percent (50%) of the Additional Shares will be returned to the company (and either placed into treasury or retired, at the company's discretion). 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 the closing of the Merger (the "Second Threshold"), then fifty percent (50%) of the Additional Shares will be returned to the company. If the Second Threshold is reached, such Additional Shares will be released from escrow.