Form 4: Lindsay Gardner Receives 4,032 Restricted Shares at $3.72
Rhea-AI Filing Summary
Director Lindsay A. Gardner received 4,032 restricted shares of IZEA Worldwide, Inc. as director compensation on 09/30/2025. The award was valued at $15,000 based on the closing price of $3.72 on the grant date and the shares vested immediately. Following the transaction Gardner beneficially owned 123,585 shares. The Form 4 was signed by an attorney-in-fact on 10/01/2025.
Positive
- 4,032 restricted shares were granted as director fees
- The award was valued at $15,000 based on the closing price of $3.72
- The restricted shares vested immediately
- Beneficial ownership after the grant: 123,585 shares
Negative
- None.
Insights
TL;DR: Routine director compensation granted 4,032 restricted shares worth $15,000, immediately vested; modest in size relative to typical equity grants.
The filing documents a non-derivative grant of 4,032 restricted common shares to a director as quarterly fees, valued at $15,000 using the $3.72 closing price on 09/30/2025. The award vests immediately and increases the reporting person's beneficial ownership to 123,585 shares. This appears to be a standard director compensation action with limited direct impact on capital structure or cash flows.
TL;DR: Immediate-vesting restricted stock for director fees is disclosed; disclosure is complete and follows Section 16 reporting requirements.
The Form 4 clearly lists the transaction code, share amount, valuation and immediate vesting of the restricted stock grant. The signature by an attorney-in-fact is included. The disclosure meets the filing requirements by reporting the change in beneficial ownership and the nature of the award.