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Form 4: Lindsay Gardner Receives 4,032 Restricted Shares at $3.72

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
4

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.

SEC Form 4
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
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
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*
GARDNER LINDSAY A

(Last) (First) (Middle)
1317 EDGEWATER DR #1880

(Street)
ORLANDO FL 32804

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
IZEA Worldwide, Inc. [ IZEA ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
09/30/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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 09/30/2025 A 4,032(1) A $0(1) 123,585 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
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
Explanation of Responses:
1. Restricted Stock received for Q3 2025 director fees valued at $15,000 based on the closing market price of $3.7200 on the grant date of September 30, 2025. The award vests immediately at the grant date.
Remarks:
By: /s/ Peter J. Biere as attorney-in-fact for Lindsay A. Gardner 10/01/2025
** 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.

FAQ

What transaction is reported on the IZEA (IZEA) Form 4?

The Form 4 reports a grant of 4,032 restricted shares to director Lindsay A. Gardner on 09/30/2025 as director fees.

How was the director award valued on the Form 4 for IZEA?

The award was valued at $15,000 using the closing market price of $3.72 on the grant date.

Did the restricted shares on the Form 4 for IZEA vest immediately?

Yes. The filing states the restricted stock award vested immediately on the grant date, 09/30/2025.

How many IZEA shares did Lindsay A. Gardner own after the reported transaction?

Following the transaction the reporting person beneficially owned 123,585 shares.

Who signed the Form 4 for the Lindsay A. Gardner transaction?

The Form 4 was signed by /s/ Peter J. Biere as attorney-in-fact for Lindsay A. Gardner on 10/01/2025.
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