SEC Form SC 13D/A filed by CarLotz Inc. (Amendment)
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The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter
disclosures provided in a prior cover page.
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CUSIP No. 1142552108
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1.
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Name of Reporting Person
Michael W. Bor
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2.
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Check the Appropriate Box if a Member of a Group
(a) ☐ (b) ☐
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3.
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SEC Use Only
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4.
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Source of Funds
OO
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5.
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Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)
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6.
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Citizenship or Place of Organization
United States
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Number of
Shares
Beneficially
Owned by
Each
Reporting
Person
With
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7.
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Sole Voting Power
4,051,075 (1)
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8.
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Shared Voting Power
1,305,186 (2)
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9.
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Sole Dispositive Power
4,051,075 (1)
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10.
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Shared Dispositive Power
1,305,186 (2)
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11.
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Aggregate Amount Beneficially Owned by Each Reporting Person
5,356,261 (1)(2)
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12.
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Check if the Aggregate Amount in Row (11) Excludes Certain Shares
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13.
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Percent of Class Represented by Amount in Row (11)
4.6% (3)
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14.
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Type of Reporting Person
IN
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(1)
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Consists of 2,927,958 shares of Class A common stock and 1,123,117 shares of Class A common stock issuable upon exercise of options.
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(2)
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Consists of 952,593 shares of Class A common stock held in trust by Katherine G. Bor, Trustee of the Michael W. Bor 2020 Irrevocable Family Trust dated October 16, 2020 (the “Family Trust”) and 352,593
shares of Class A common stock held in trust by Michael W. Bor, Trustee of the Michael W. Bor 2020 Qualified Grantor Retained Annuity Trust dated October 16, 2020 (the “GRAT Trust”).
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(3)
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Calculations of percentage ownership in this Schedule 13D are based upon a total of 114,218,814 shares of Class A common stock outstanding as of May 6, 2022, as reported in CarLotz Inc.’s Form 10-Q filed
with the Securities and Exchange Commission on May 9, 2022. The percentage ownership of Michael W. Bor also takes into account 1,123,117 shares of Class A common stock issuable upon the exercise of options to acquire shares of Class A
common stock owned by Mr. Bor that are exercisable within 60 days.
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sole power to vote or direct the vote of 4,051,075 shares of Class A common stock;
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shared power to vote or direct the vote of 1,305,186 shares of Class A common stock;
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sole power to dispose or direct the disposition of 4,051,075 shares of Class A common stock;
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shared power to dispose or direct the disposition of 1,305,186 shares of Class A common stock.
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Trade Date
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Buy/Sell
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No. of Shares
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Price (1)
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June 21, 2022
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Sell
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175,000
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$0.47 (2)
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June 22, 2022
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Sell
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236,230
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$0.47 (3)
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June 23, 2022 |
Sell | 411,356 | $0.47 (4) |
June 24, 2022 |
Sell | 537,003 | $0.47 (5) |
Date: June 27, 2022
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Michael W. Bor
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By:
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/s/ Michael W. Bor
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Name:
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Michael W. Bor
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