X0306 4 2022-05-16 0 0001759008 CarLotz, Inc. LOTZ 0001761840 Peker Lev C/O CARLOTZ, INC. 3301 W. MOORE STREET RICHMOND VA 23230 1 1 0 0 CEO Restricted Stock Units 2022-05-16 4 A 0 2820000 0 A Class A Common Stock 2820000 2820000 D Restricted Stock Units 2022-05-16 4 A 0 3500000 0 A Class A Common Stock 3500000 3500000 D Restricted Stock Units 2022-05-16 4 A 0 680000 0 A Class A Common Stock 680000 680000 D Each restricted stock unit is convertible into a share of Class A common stock on a 1-for-1 basis. These restricted stock units remain subject to a time-vesting requirement and are scheduled to vest and settle in Class A common stock as follows: (i) 1,311,892 restricted stock units will vest in substantially equal installments on the first thirty (30) monthly anniversaries of April 18, 2022; (ii) 631,087 restricted stock units will vest in substantially equal installments on the first four (4) quarterly anniversaries of April 18, 2022; (iii) 329,781 restricted stock units will vest on each of January 13, 2023 and January 13, 2024; and (iv) 217,459 restricted stock units will vest on January 13, 2025. These restricted stock units will vest if the following provisions are met: (i) one-third of the shares will vest on the first day the Issuer's stock achieves a 20-trading day volume-weighted average price of $4.00; (ii) one-third of the shares will vest on the first day the Issuer's stock achieves a 20-trading day volume-weighted average price of $8.00; and (iii) one-third of the shares will vest on the first day the Issuer's stock achieves a 20-trading day volume-weighted average price of $12.00, subject to the Reporting Person's continuous service with the Issuer through the relevant vesting dates. These restricted stock units remain subject to a time-vesting requirement and are scheduled to vest and settle in Class A common stock as follows: one-fourth of these restricted stock units vest on April 18, 2023, one-fourth of these restricted stock units vest on April 18, 2024, one-fourth of these restricted stock units vest on April 18, 2025 and one-fourth of these restricted stock units vest on April 18, 2026, assuming continued employment through the applicable vesting date. /s/ Rebecca C. Polak as attorney-in-fact for Mr. Peker 2022-05-18