{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-23-048945","form_type":"8-K","ticker":null,"cik":"0001762322","company_name":"SHIFT TECHNOLOGIES, INC.","filed_at":"2023-06-14T23:59:59+00:00","discovered_at":"2026-05-14T18:03:40.444113+00:00","generated_at":"2026-06-14T01:23:45.505310+00:00","sec_items":["5.02","8.01","9.01"],"event_type":"leadership","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Shift appoints auto entrepreneur Ayman Moussa as CEO; Clementz transitions to advisor","bullets":["Ayman Moussa appointed CEO effective June 9, 2023; replaces Jeff Clementz who becomes strategic advisor.","Moussa to receive $500k base salary, $500k signing bonus, and 1.9M RSUs (50% time-based, 50% performance-based).","Moussa founded Carnamic, a Northern California auto dealership group with 8 locations and >$200M annual revenue.","Board's strategic alternatives review (including debt options) remains ongoing."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-23-048945","json":"https://secwatch.observer/filing/0001213900-23-048945.json","markdown":"https://secwatch.observer/filing/0001213900-23-048945.md","text":"https://secwatch.observer/filing/0001213900-23-048945.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1762322/000121390023048945/0001213900-23-048945-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1762322/000121390023048945/ea180367-8k_shifttech.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-14T01:23:45.505310+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"35e4f2246c","claim":"Jeff Clementz changed role as strategic advisor at SHIFT TECHNOLOGIES, INC..","evidence_excerpt":"Jeff Clementz transitioned from his role as Chief Executive Officer of the Company to serving as a strategic advisor to Mr. Moussa, the Board of Directors and the management team of the Company for a transition period.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1762322/000121390023048945/0001213900-23-048945-index.htm","confidence":1.0,"family_label":"Executive change","details":[{"label":"Action","value":"transitioned"},{"label":"Role","value":"strategic advisor"}],"fact_type":"executive_change"},{"claim_id":"46658c6af8","claim":"Jeff Clementz resigned as Director at SHIFT TECHNOLOGIES, INC..","evidence_excerpt":"Also on the Transition Effective Date, Mr. Clementz resigned as a director of the Company.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1762322/000121390023048945/0001213900-23-048945-index.htm","confidence":1.0,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"ad3b58e724","claim":"Ayman Moussa was appointed as Director at SHIFT TECHNOLOGIES, INC..","evidence_excerpt":"Mr. Moussa was appointed to a vacant position on the Board of Directors on the Transition Effective Date, to serve as a Class II director.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1762322/000121390023048945/0001213900-23-048945-index.htm","confidence":1.0,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"f5be6763d1","claim":"Ayman Moussa was appointed as Chief Executive Officer at SHIFT TECHNOLOGIES, INC..","evidence_excerpt":"appointed Ayman Moussa as the Company’s Chief Executive Officer, to succeed Jeff Clementz","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1762322/000121390023048945/0001213900-23-048945-index.htm","confidence":1.0,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Chief Executive Officer"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}