FORM 4 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). |
1. Name and Address of Reporting Person*
(Street)
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2. Issuer Name and Ticker or Trading Symbol
IZEA Worldwide, Inc. [ IZEA ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 06/30/2023 | ||||||||||||||||||||||||||
4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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1. Title of Security (Instr. 3) | 2. Transaction Date (Month/Day/Year) | 2A. Deemed Execution Date, if any (Month/Day/Year) | 3. Transaction Code (Instr. 8) | 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) | 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) | 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 7. Nature of Indirect Beneficial Ownership (Instr. 4) | |||
Code | V | Amount | (A) or (D) | Price | ||||||
Common Stock | 06/30/2023 | M | 1,346 | A | $0 | 207,792(1) | D | |||
Common Stock | 06/30/2023 | M | 112 | A | $0 | 207,904 | D | |||
Common Stock | 06/30/2023 | M | 186 | A | $0 | 208,090 | D | |||
Common Stock | 06/30/2023 | M | 274 | A | $0 | 208,364 | D | |||
Common Stock | 06/30/2023 | M | 102 | A | $0 | 208,466 | D | |||
Common Stock | 06/30/2023 | M | 187 | A | $0 | 208,653 | D | |||
Common Stock | 06/30/2023 | M | 1,042 | A | $0 | 209,695 | D | |||
Common Stock | 06/30/2023 | M | 190 | A | $0 | 209,885 | D | |||
Common Stock | 06/30/2023 | M | 325 | A | $0 | 210,210 | D | |||
Common Stock | 06/30/2023 | M | 139 | A | $0 | 210,349 | D | |||
Common Stock | 06/30/2023 | F | 1,462(2) | D | $2.42 | 208,887 | D | |||
Common Stock | 06/30/2023 | P | 500 | A | $1.8462 | 209,387 | D | |||
Common Stock | 3,282 | I | By Dogfish Ventures LLLP(3) | |||||||
Common Stock | 1 | I | By Spouse |
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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1. Title of Derivative Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date (Month/Day/Year) | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) | ||||
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Restricted Stock Units | (4) | 06/30/2023 | M | 1,346 | 08/31/2019 | (5) | Common Stock | 1,346 | $0 | 1,346(6) | D | ||||
Restricted Stock Units | (4) | 06/30/2023 | M | 112 | 08/31/2020 | (7) | Common Stock | 112 | $0 | 112(8) | D | ||||
Restricted Stock Units | (4) | 06/30/2023 | M | 186 | 11/30/2020 | (9) | Common Stock | 186 | $0 | 744(10) | D | ||||
Restricted Stock Units | (4) | 06/30/2023 | M | 274 | 04/30/2022 | (11) | Common Stock | 274 | $0 | 5,754(12) | D | ||||
Restricted Stock Units | (4) | 06/30/2023 | M | 102 | 05/31/2022 | (13) | Common Stock | 102 | $0 | 2,244(14) | D | ||||
Restricted Stock Units | (4) | 06/30/2023 | M | 187 | 11/30/2022 | (15) | Common Stock | 187 | $0 | 4,870(16) | D | ||||
Restricted Stock Units | (4) | 06/30/2023 | M | 1,042 | 08/27/2022 | (17) | Common Stock | 1,042 | $0 | 38,538(18) | D | ||||
Restricted Stock Units | (4) | 06/30/2023 | M | 190 | 12/31/2022 | (19) | Common Stock | 190 | $0 | 5,517(20) | D | ||||
Restricted Stock Units | (4) | 06/30/2023 | M | 325 | 04/30/2023 | (21) | Common Stock | 325 | $0 | 10,732(22) | D | ||||
Restricted Stock Units | (4) | 06/30/2023 | M | 139 | 05/31/2023 | (23) | Common Stock | 139 | $0 | 4,746(24) | D |
Explanation of Responses: |
1. On June 16, 2023 the Issuer effected a 1-for-4 reverse stock split (the "Reverse Stock Split"). The number of securities reported on this Form 4 have been adjusted to reflect the Reverse Stock Split. |
2. Reflects shares surrendered to the Issuer to satisfy tax withholding obligations upon vesting of the Restricted Stock Units. |
3. Edward Murphy, as a partner of Dogish Ventures LLLP, has voting power and investment power over the securities held by Dogfish Ventures LLLP. |
4. Each Restricted Stock Unit represents a contingent right to receive at settlement one share of Issuer common stock. |
5. These Restricted Stock Units were issued under the Issuer's 2011 Equity Incentive Plan on August 29, 2019 and vest in 48 equal monthly installments commencing on the grant date and on the last day of each succeeding month thereafter. |
6. As a result of the Reverse Stock Split, the Reporting Person's ownership of unvested restricted stock units ("RSUs") representing underlying shares of Common Stock, which were issued to the Reporting Person under the Issuer's 2011 Equity Incentive Plan, being reduced from 5,382 RSUs to 1,346 RSUs. |
7. These Restricted Stock Units were issued under the Issuer's 2011 Equity Incentive Plan on August 31, 2020 and vest in 36 equal monthly installments commencing on the last day of the month in which the grant occurred and on the last day of each succeeding month thereafter. |
8. As a result of the Reverse Stock Split, the Reporting Person's ownership of unvested restricted stock units ("RSUs") representing underlying shares of Common Stock, which were issued to the Reporting Person under the Issuer's 2011 Equity Incentive Plan, being reduced from 446 RSUs to 112 RSUs. |
9. These Restricted Stock Units were issued under the Issuer's 2011 Equity Incentive Plan on November 30, 2020 and vest in 36 equal monthly installments commencing on the last day of the month in which the grant occurred and on the last day of each succeeding month thereafter. |
10. As a result of the Reverse Stock Split, the Reporting Person's ownership of unvested restricted stock units ("RSUs") representing underlying shares of Common Stock, which were issued to the Reporting Person under the Issuer's 2011 Equity Incentive Plan, being reduced from 2,968 RSUs to 744 RSUs. |
11. These Restricted Stock Units were issued under the Issuer's 2011 Equity Incentive Plan on April 1, 2022 and vest in 36 equal monthly installments commencing on the last day of the month in which the grant occurred and on the last day of each succeeding month thereafter. |
12. As a result of the Reverse Stock Split, the Reporting Person's ownership of unvested restricted stock units ("RSUs") representing underlying shares of Common Stock, which were issued to the Reporting Person under the Issuer's 2011 Equity Incentive Plan, being reduced from 22,986 RSUs to 5,754 RSUs. |
13. These Restricted Stock Units were issued under the Issuer's 2011 Equity Incentive Plan on May 19, 2022 and vest in 36 equal monthly installments commencing on the last day of the month in which the grant occurred and on the last day of each succeeding month thereafter. |
14. As a result of the Reverse Stock Split, the Reporting Person's ownership of unvested restricted stock units ("RSUs") representing underlying shares of Common Stock, which were issued to the Reporting Person under the Issuer's 2011 Equity Incentive Plan, being reduced from 8,963 RSUs to 2,244 RSUs. |
15. These Restricted Stock Units were issued under the Issuer's 2011 Equity Incentive Plan on August 16, 2022, and vest 1/12th cliff vesting on November 30, 2022 then in equal monthly installments over the next 33 months. |
16. As a result of the Reverse Stock Split, the Reporting Person's ownership of unvested restricted stock units ("RSUs") representing underlying shares of Common Stock, which were issued to the Reporting Person under the Issuer's 2011 Equity Incentive Plan, being reduced from 19,473 RSUs to 4,870 RSUs. |
17. This Option was issued under the Issuer's May 2011 Equity Incentive Plan on August 27, 2022, pursuant to the reporting person's employment agreement and vests in 48 equal monthly installments commencing on the grant date and on the last day of each succeeding month thereafter. |
18. As a result of the Reverse Stock Split, the Reporting Person's ownership of unvested restricted stock units ("RSUs") representing underlying shares of Common Stock, which were issued to the Reporting Person under the Issuer's 2011 Equity Incentive Plan, being reduced from 154,163 RSUs to 38,538 RSUs. |
19. These Restricted Stock Units were issued under the Issuer's 2011 Equity Incentive Plan on November 18, 2022, and vest in equal monthly installments over 12 months. |
20. As a result of the Reverse Stock Split, the Reporting Person's ownership of unvested restricted stock units ("RSUs") representing underlying shares of Common Stock, which were issued to the Reporting Person under the Issuer's 2011 Equity Incentive Plan, being reduced from 22,061 RSUs to 5,517 RSUs. |
21. These Restricted Stock Units were issued under the Issuer's 2011 Equity Incentive Plan on April 14, 2023, pursuant to the reporting person's employment agreement and vest in thirty-six monthly installments. |
22. As a result of the Reverse Stock Split, the Reporting Person's ownership of unvested restricted stock units ("RSUs") representing underlying shares of Common Stock, which were issued to the Reporting Person under the Issuer's 2011 Equity Incentive Plan, being reduced from 42,924 RSUs to 10,732 RSUs. |
23. These Restricted Stock Units were issued on May 26, 2023, under the Issuer's 2011 Equity Incentive Plan pursuant to the reporting person's employment agreement and vest in 12 equal monthly installments on the last day of each month. |
24. As a result of the Reverse Stock Split, the Reporting Person's ownership of unvested restricted stock units ("RSUs") representing underlying shares of Common Stock, which were issued to the Reporting Person under the Issuer's 2011 Equity Incentive Plan, being reduced from 18,976 RSUs to 4,746 RSUs. |
Remarks: |
By: /s/ Peter J. Biere as attorney-in-fact for Edward H. Murphy | 07/03/2023 | |
** Signature of Reporting Person | Date | |
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v). | ||
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. |