IZEA Worldwide (IZEA) CEO exercises RSUs, surrenders shares for tax
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
IZEA Worldwide, Inc. Chief Executive Officer Patrick James Venetucci reported routine equity compensation activity involving Restricted Stock Units. On April 30, 2026, he exercised RSUs into 30,650 shares of common stock and simultaneously surrendered 13,578 shares to the company to cover tax withholding obligations.
The filing notes that each RSU converts into one share of common stock and that these RSUs were granted on September 9, 2024 under the company’s 2011 Equity Incentive Plan, vesting in 16 equal quarterly installments beginning October 31, 2024. Following these transactions, Venetucci directly holds 356,260 shares of common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
30,650 shares exercised/converted
Mixed
3 txns
Insider
Venetucci Patrick James
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 30,650 | $0.00 | -- |
| Exercise | Common Stock | 30,650 | $0.00 | -- |
| Tax Withholding | Common Stock | 13,578 | $4.10 | $56K |
Holdings After Transaction:
Restricted Stock Units — 275,850 shares (Direct, null);
Common Stock — 356,260 shares (Direct, null)
Footnotes (1)
- Reflects shares surrendered to the Issuer to satisfy tax withholding obligations upon vesting of the Restricted Stock Units Each Restricted Stock Unit represents a contingent right to receive at settlement one share of Issuer common stock. These Restricted Stock Units were issued under the Issuer's 2011 Equity Incentive Plan on September 9, 2024 and vest quarterly in 16 equal quarterly installments commencing October 31, 2024.
Key Figures
RSUs exercised: 30,650 shares
Shares surrendered for tax: 13,578 shares
Post-transaction holdings: 356,260 shares
+3 more
6 metrics
RSUs exercised
30,650 shares
Restricted Stock Units converted into common stock on April 30, 2026
Shares surrendered for tax
13,578 shares
Surrendered to issuer to satisfy tax withholding at $4.10 per share
Post-transaction holdings
356,260 shares
Common stock directly held by CEO after April 30, 2026 transactions
RSU grant date
September 9, 2024
RSUs issued under 2011 Equity Incentive Plan
RSU vesting schedule
16 quarterly installments
Vesting commenced October 31, 2024
Tax-withholding price
$4.10 per share
Implied value for shares surrendered for tax withholding
Key Terms
Restricted Stock Units, 2011 Equity Incentive Plan, tax withholding obligations, derivative exercise/conversion, +1 more
5 terms
Restricted Stock Units financial
"Reflects shares surrendered to the Issuer to satisfy tax withholding obligations upon vesting of the Restricted Stock Units"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
2011 Equity Incentive Plan financial
"These Restricted Stock Units were issued under the Issuer's 2011 Equity Incentive Plan on September 9, 2024"
tax withholding obligations financial
"Reflects shares surrendered to the Issuer to satisfy tax withholding obligations upon vesting"
derivative exercise/conversion financial
"transaction_action: derivative exercise/conversion"
Payment of exercise price or tax liability by delivering securities financial
"transaction_code_description: Payment of exercise price or tax liability by delivering securities"
FAQ
What insider transactions did IZEA (IZEA) disclose in this Form 4?
IZEA’s CEO reported exercising 30,650 Restricted Stock Units into common shares and surrendering 13,578 shares to the company to satisfy tax withholding obligations. These transactions are compensation-related, not open-market purchases or sales of stock.
What are the terms of the IZEA (IZEA) Restricted Stock Units in this filing?
Each Restricted Stock Unit converts into one IZEA common share upon settlement. The RSUs were granted on September 9, 2024 under the 2011 Equity Incentive Plan and vest in 16 equal quarterly installments starting October 31, 2024.