IZEA Insider Filing: Biere Reports RSU Settlements and 202-Share Surrender
Rhea-AI Filing Summary
Peter J. Biere, Chief Financial Officer of IZEA Worldwide, Inc. (IZEA) reported routine equity activity reflecting vesting of Restricted Stock Units and a small share surrender to cover tax withholding. On 08/04/2025 Mr. Biere disposed of 202 shares at $3.78 to satisfy tax obligations, leaving him with 61,352 shares. On 08/31/2025 multiple vesting events were reported under the companys equity plan: 80, 200, 269, and 274 shares were recorded as acquired (Code M) at $0, bringing reported beneficial ownership levels sequentially to 60,811; 61,011; 61,280; and 61,554 shares. The filing clarifies these transactions arose from previously granted Restricted Stock Units issued under the 2011 Equity Incentive Plan with differing grant and vesting schedules.
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Insights
TL;DR: Routine executive equity vesting and tax-withholding share surrender; no material change to control or capital structure.
These entries reflect standard post-vesting mechanics rather than open-market purchases or disposals for trading. The 202-share surrender on 08/04/2025 at $3.78 appears limited to tax withholding, while the Code M entries on 08/31/2025 record settlement of Restricted Stock Units into common shares at no cash price to the reporting person. Aggregate beneficial ownership remains in the low 61k-share range per the report. For investors, this is a nondisruptive internal compensation settlement with no indicated additional cash proceeds to the reporting person.
TL;DR: Compliance filing documents vesting schedule execution and tax withholding; consistent with equity compensation governance.
The Form 4 details vesting under the 2011 Equity Incentive Plan with multiple grant dates and staggered vesting schedules. The disclosure of surrendered shares to cover taxes demonstrates administrative compliance with withholding obligations. There is no indication of accelerated vesting, discretionary grants outside stated schedules, or insider sales for liquidity beyond tax withholding. Governance implications are routine; no red flags in timing or magnitude are evident from this filing alone.