Form 4: IZEA Worldwide CFO Peter Biere Reports Changes in Beneficial Ownership

Sentiment:

SEC Form 4 1 July 2024 4:02 PM

Peter Biere, CFO of IZEA Worldwide, reports transactions involving common stock and restricted stock units, resulting in adjustments to his beneficial ownership.

Summary

On June 30, 2024, Peter Biere, the CFO of IZEA Worldwide, Inc., reported changes in his beneficial ownership of the company's securities.
These changes involve transactions in both common stock and restricted stock units (RSUs).
Biere acquired common stock through the vesting of RSUs.
He also disposed of shares to cover tax withholding obligations related to the vesting of RSUs.
Following these transactions, Biere directly owns 10,615 shares of common stock.
He also holds derivative securities, including 1,739 RSUs vesting from April 1, 2023, 903 RSUs vesting from December 31, 2022, 6,800 RSUs vesting from April 1, 2024 and 3,276 RSUs vesting from June 30, 2023.

Sentiment

Score: 5

Explanation: This is a routine filing related to stock ownership changes, with no inherently positive or negative implications.

Stakeholder Impact

The filing provides transparency to shareholders regarding the CFO's stake in the company.
The transactions have a minor impact on the overall share structure.

Key Dates

Date	Description
04/01/2022	Restricted Stock Units were issued under the Issuer's 2011 Equity Incentive Plan and vest 25% after one year and then 75% in 36 equal monthly installments commencing on the last day of each succeeding month thereafter.
12/31/2022	Restricted Stock Units were issued under the Issuer's 2011 Equity Incentive Plan on April 1, 2022 and vest in 12 equal quarterly installments commencing on June 30, 2022.
04/01/2023	Restricted Stock Units were issued under the Issuer's 2011 Equity Incentive Plan pursuant to the reporting person's employment agreement and vest 25% in one year and 75% in equal monthly installments over 36 months.
04/14/2023	Restricted Stock Units were issued under the Issuer's 2011 Equity Incentive Plan, pursuant to the reporting person's employment agreement and vest in thirty-six monthly installments.
06/30/2024	Date of earliest transaction reported: changes in beneficial ownership of common stock and restricted stock units.
07/01/2024	Date of signature for the Form 4 filing.

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