Form 8-K - Current report

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported) July 25, 2024

SHIFT TECHNOLOGIES, INC.

(Exact name of registrant as specified in its charter)

Delaware		001-38839		82-5325852
(State or other jurisdiction of incorporation or organization)		(Commission File Number)		(I.R.S. Employer Identification No.)

P.O. Box 1664, San Bruno, CA		94066
(Address of principal executive offices)		(Zip Code)

Registrant’s telephone number, including area code: (855) 575-6739

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240a-12)

☐

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13a-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Class A common stock, par value $0.0001 per share		N/A		N/A

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 8.01. Other Events.

As previously disclosed, Shift Technologies, Inc. (the “Company”) and certain of its direct and indirect subsidiaries commenced bankruptcy cases by filing voluntary petitions under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the Northern District of California (the “Bankruptcy Court”). As part of these cases, the Company filed the attached operating report for the month ended June 30, 2024.

Cautionary Note Regarding the Company’s Securities

The Company cautions that trading in its securities, including the Common Stock, during the pendency of the Chapter 11 Case is highly speculative and poses substantial risks. Trading prices for the Company’s securities may bear little or no relationship to the actual recovery, if any, by holders of the Company’s securities in the Chapter 11 Case. In particular, the Company expects that its stockholders could experience a complete loss on their investment, depending on the outcome of the Chapter 11 Case.

Forward-Looking Statements

Certain statements in this Current Report on Form 8-K constitute “forward-looking statements” within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Words contained in this Current Report on Form 8-K such as “believe,” “anticipate,” “expect,” “estimate,” “plan,” “intend,” “should,” “would,” “could,” “may,” “might,” “will” and variations of such words and similar future or conditional expressions, are intended to identify forward-looking statements. These forward-looking statements include, but are not limited to, statements related to the Company’s business operations, financial position, financial performance, liquidity, strategic alternatives, market outlook, future capital needs, capital allocation plans, the impact and timing of any cost-savings measures; business strategies, the ability to negotiate suitable restructuring or refinancing options and other such matters. These forward-looking statements are not guarantees of future results and are subject to a number of risks and uncertainties, many of which are difficult to predict and beyond our control. Important assumptions and other important factors that may cause actual results to differ materially from those in the forward-looking statements include, but are not limited to: the Company’s ability to negotiate, finalize and enter into suitable restructuring or refinancing options on satisfactory terms, if at all; the effects of the Company’s ongoing review of strategic alternatives, and any other cost-savings measures, including increased legal and other professional costs necessary to execute the Company’s strategy; general economic conditions, including inflation, recession, unemployment levels, consumer confidence and spending patterns, credit availability and debt levels; the Company’s ability to attract, motivate and retain key executives and other employees; potential adverse reactions or changes to business relationships resulting from the announcement of the Company’s restructuring plan and associated workforce reduction; unexpected costs, charges or expenses resulting from the Company’s restructuring plan and associated workforce reduction or other cost-saving measures; the Company’s ability to generate or maintain liquidity; legal and regulatory proceedings; and those additional risks, uncertainties and factors described in more detail in the Company’s filings with the Securities and Exchange Commission (“SEC”) from time to time, including under the caption “Risk Factors” in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2022 (including any amendments thereto), and in the Company’s other filings with the SEC (including any amendments thereto). The Company disclaims any obligation or undertaking to update, supplement or revise any forward-looking statements contained in this Current Report on Form 8-K except as required by applicable law or regulation. Given these risks and uncertainties, readers are cautioned not to place undue reliance on the forward-looking statements, which speak only as of the date hereof.

Item 9.01. Financial Statements and Exhibits.

Exhibit Number		Description
99.1		Monthly Operating Report for Shift Technologies, Inc. for period ended June 30, 2024
104		Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101).

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	SHIFT TECHNOLOGIES, INC.

Dated: July 25, 2024	/s/ Ayman Moussa
	Name:	Ayman Moussa
	Title:	Chief Executive Officer

Exhibit 99.1

UNITED STATES BANKRUPTCY COURT NORTHERN DISTRICT OF CALIFORNIA SAN FRANCISCO In Re. Shift Technologies, Inc. Debtor(s) † † † † Case No. 23 - 30687 Lead Case No. 23 - 30687 Jointly Administered Monthly Operating Report Chapter 11 Petition Date: 10/09/2023 Reporting Period Ended: 06/30/2024 Months Pending: 9 Reporting Method: 1 1 4 4 Industry Classification: Accrual Basis Cash Basis Debtor's Full - Time Employees (current): 0 Debtor's Full - Time Employees (as of date of order for relief): 0 Supporting Documentation (check all that are attached): (For jointly administered debtors, any required schedules must be provided on a non - consolidated basis for each debtor) Statement of cash receipts and disbursements Balance sheet containing the summary and detail of the assets, liabilities and equity (net worth) or deficit Statement of operations (profit or loss statement) Accounts receivable aging Postpetition liabilities aging Statement of capital assets Schedule of payments to professionals Schedule of payments to insiders All bank statements and bank reconciliations for the reporting period Description of the assets sold or transferred and the terms of the sale or transfer Date /s/ Thomas B. Rupp Signature of Responsible Party 07/22/2024 Thomas B. Rupp 1 12 UST Form 11 - MOR (12/01/2021) Printed Name of Responsible Party Keller Benvenutti Kim LLP 425 Market Street, 26th Floor San Francisco, CA 94105 Address STATEMENT: This Periodic Report is associated with an open bankruptcy case; therefore, Paperwork Reduction Act exemption 5 C.F.R. † 1320.4(a)(2) applies. Case: 23 - 30687 Doc# 701 Filed: 07/22/24 Entered: 07/22/24 21:26:50 Page 1 of

Debtor's Name Shift Technologies, Inc. Case No. 23 - 30687 Part 1: Cash Receipts and Disbursements Current Month Cumulative a. Cash balance beginning of month b. Total receipts (net of transfers between accounts) c. Total disbursements (net of transfers between accounts) d. Cash balance end of month (a+b - c) e. Disbursements made by third party for the benefit of the estate f. Total disbursements for quarterly fee calculation (c+e) $1,622,676 $9,701 $8,001,017 $788,066 $7,171,505 $844,311 $0 $0 $788,066 $7,171,505 Current Month Part 2: Asset and Liability Status (Not generally applicable to Individual Debtors. See Instructions.) $0 $0 (attach explanation)) a. Accounts receivable (total net of allowance) b. Accounts receivable over 90 days outstanding (net of allowance) c. d e. f. g. h. i. j. k. l. m. n. o. Inventory ( Book Market Other Total current assets Total assets Postpetition payables (excluding taxes) Postpetition payables past due (excluding taxes) Postpetition taxes payable Postpetition taxes past due Total postpetition debt (f+h) Prepetition secured debt Prepetition priority debt Prepetition unsecured debt Total liabilities (debt) (j+k+l+m) Ending equity/net worth (e - n) $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Part 3: Assets Sold or Transferred Current Month Cumulative $0 $0 $0 $0 c. a. Total cash sales price for assets sold/transferred outside the ordinary course of business b. Total payments to third parties incident to assets being sold/transferred outside the ordinary course of business Net cash proceeds from assets sold/transferred outside the ordinary course of business (a - b) $0 $0 Cumulative Current Month Part 4: Income Statement (Statement of Operations) (Not generally applicable to Individual Debtors. See Instructions.) $0 a. Gross income/sales (net of returns and allowances) $0 b. Cost of goods sold (inclusive of depreciation, if applicable) $0 c. Gross profit (a - b) $0 d. Selling expenses $0 e. General and administrative expenses $0 f. Other expenses $0 g. Depreciation and/or amortization (not included in 4b) $0 h. Interest $0 i. Taxes (local, state, and federal) $0 j. Reorganization items $ 0 $0 k. Profit (loss) Case: 23 - 30687 Doc# 701 UST Form 11 - MOR (12/01/2021) Filed: 07/22/24 4 12 Entered: 07/22/24 21:26:50 Page 2 of

Debtor's Name Shift Technologies, Inc. Case No. 23 - 30687 Part 5: Professional Fees and Expenses Case: 23 - 30687 Doc# 701 UST Form 11 - MOR (12/01/2021) Filed: 07/22/24 4 12 Entered: 07/22/24 21:26:50 Page 3 of Paid Cumulative Paid Current Month Approved Cumulative Approved Current Month a. Debtor's professional fees & expenses (bankruptcy) Aggregate Total Itemized Breakdown by Firm Role Firm Name i ii iii iv v vi vii viii ix x xi xii xiii xiv xv xvi xvii xviii xix xx xxi xxii xxiii xxiv xxv xxvi xxvii xxviii xxix xxx xxxi xxxii xxxiii xxxiv xxxv xxxvi

Case: 23 - 30687 Doc# 701 UST Form 11 - MOR (12/01/2021) Filed: 07/22/24 4 12 Entered: 07/22/24 21:26:50 Page 4 of Debtor's Name Shift Technologies, Inc. Case No. 23 - 30687 xxxvi i xxxvi i xxxix xl xli xlii xliii xliv xlv xlvi xlvii xlviii xlix l li lii liii liv lv lvi lvii lviii lix lx lxi lxii lxiii lxiv lxv lxvi lxvii lxviii lxix lxx lxxi lxxii lxxiii lxxiv lxxv lxxvi lxxvii lxxvii

Case: 23 - 30687 Doc# 701 UST Form 11 - MOR (12/01/2021) Filed: 07/22/24 4 12 Entered: 07/22/24 21:26:50 Page 5 of Debtor's Name Shift Technologies, Inc. Case No. 23 - 30687 lxxix lxxx lxxxi lxxxii lxxxii lxxxi v lxxxv lxxxv i lxxxv i lxxxv i lxxxi x xc xci xcii xciii xciv xcv xcvi xcvii xcviii xcix c ci Paid Cumulativ e Paid Current Month Approved Cumulative Approved Current Month b. Debtor's professional fees & expenses (nonbankruptcy) Aggregate Total Itemized Breakdown by Firm Role Firm Name i ii iii iv v vi vii viii ix x xi xii xiii xiv

Case: 23 - 30687 Doc# 701 UST Form 11 - MOR (12/01/2021) Filed: 07/22/24 4 12 Entered: 07/22/24 21:26:50 Page 6 of Debtor's Name Shift Technologies, Inc. Case No. 23 - 30687 xv xvi xvii xviii xix xx xxi xxii xxiii xxiv xxv xxvi xxvii xxviii xxix xxx xxxi xxxii xxxiii xxxiv xxxv xxxvi xxxvi i xxxvi i xxxix xl xli xlii xliii xliv xlv xlvi xlvii xlviii xlix l li lii liii liv lv lvi

Case: 23 - 30687 Doc# 701 UST Form 11 - MOR (12/01/2021) Filed: 07/22/24 4 12 Entered: 07/22/24 21:26:50 Page 7 of Debtor's Name Shift Technologies, Inc. Case No. 23 - 30687 lvii lviii lix lx lxi lxii lxiii lxiv lxv lxvi lxvii lxviii lxix lxx lxxi lxxii lxxiii lxxiv lxxv lxxvi lxxvii lxxvii lxxix lxxx lxxxi lxxxii lxxxii lxxxi v lxxxv lxxxv i lxxxv i lxxxv i lxxxi x xc xci xcii xciii xciv xcv xcvi xcvii xcviii

Debtor's Name Shift Technologies, Inc. Case No. 23 - 30687 xcix c $0 $0 $0 $0 c. All professional fees and expenses (debtor & committees) Part 6: Postpetition Taxes Current Month Cumulative $0 $0 a. Postpetition income taxes accrued (local, state, and federal) $0 $0 b. Postpetition income taxes paid (local, state, and federal) $0 $0 c. Postpetition employer payroll taxes accrued $0 $0 d. Postpetition employer payroll taxes paid $0 $0 e. Postpetition property taxes paid $0 $0 f. Postpetition other taxes accrued (local, state, and federal) $0 $0 g. Postpetition other taxes paid (local, state, and federal) Part 7: Questionnaire - During this reporting period: Yes Yes No No Yes Yes Yes Yes Yes No No No No No h. a. Were any payments made on prepetition debt? (if yes, see Instructions) b. Were any payments made outside the ordinary course of business without court approval? (if yes, see Instructions) c. Were any payments made to or on behalf of insiders? d. Are you current on postpetition tax return filings? e. Are you current on postpetition estimated tax payments? f. Were all trust fund taxes remitted on a current basis? g. Was there any postpetition borrowing, other than trade credit? (if yes, see Instructions) Were all payments made to or on behalf of professionals approved by the court? Yes No N/A i. Do you have: Worker's compensation insurance? If yes, are your premiums current? Casualty/property insurance? If yes, are your premiums current? General liability insurance? If yes, are your premiums current? Yes Yes Yes Yes Yes Yes Yes Yes Yes No No No No No No No No No N/A (if no, see Instructions) N/A (if no, see Instructions) N/A (if no, see Instructions) j. Has a plan of reorganization been filed with the court? k. Has a disclosure statement been filed with the court? l. Are you current with quarterly U.S. Trustee fees as set forth under 28 U.S.C. † 1930 ? Case: 23 - 30687 Doc# 701 UST Form 11 - MOR (12/01/2021) Filed: 07/22/24 4 12 Entered: 07/22/24 21:26:50 Page 8 of

Shift Technologies, Inc. Debtor's Name Case No. 23 - 30687 Part 8: Individual Chapter 11 Debtors (Only) a. Gross income (receipts) from salary and wages b. Gross income (receipts) from self - employment c. Gross income from all other sources d. Total income in the reporting period (a+b+c) e. Payroll deductions f. Self - employment related expenses g. Living expenses h. All other expenses i. Total expenses in the reporting period (e+f+g+h) j. Difference between total income and total expenses (d - i) k. List the total amount of all postpetition debts that are past due l. Are you required to pay any Domestic Support Obligations as defined by 11 U.S.C † 101(14A)? m. If yes, have you made all Domestic Support Obligation payments? $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Yes No Yes No N/A Privacy Act Statement 28 U.S.C. † 589b authorizes the collection of this information, and provision of this information is mandatory under 11 U.S.C. †† 704, 1106, and 1107. The United States Trustee will use this information to calculate statutory fee assessments under 28 U.S.C. † 1930(a)(6). The United States Trustee will also use this information to evaluate a chapter 11 debtor's progress through the bankruptcy system, including the likelihood of a plan of reorganization being confirmed and whether the case is being prosecuted in good faith. This information may be disclosed to a bankruptcy trustee or examiner when the information is needed to perform the trustee's or examiner's duties or to the appropriate federal, state, local, regulatory, tribal, or foreign law enforcement agency when the information indicates a violation or potential violation of law. Other disclosures may be made for routine purposes. For a discussion of the types of routine disclosures that may be made, you may consult the Executive Office for United States Trustee's systems of records notice, UST - 001, "Bankruptcy Case Files and Associated Records." See 71 Fed. Reg. 59,818 et seq. (Oct. 11, 2006). A copy of the notice may be obtained at the following link: http:// www.justice.gov/ust/eo/rules_regulations/index.htm. Failure to provide this information could result in the dismissal or conversion of your bankruptcy case or other action by the United States Trustee. 11 U.S.C. † 1112(b)(4)(F). I declare under penalty of perjury that the foregoing Monthly Operating Report and its supporting documentation are true and correct and that I have been authorized to sign this report on behalf of the estate. /s/ Ayman Moussa Signature of Responsible Party Chief Executive Officer Printed Name of Responsible Party 07/22/2024 Date Title Ayman Moussa Case: 23 - 30687 Doc# 701 UST Form 11 - MOR (12/01/2021) Filed: 07/22/24 4 12 Entered: 07/22/24 21:26:50 Page 9 of

Debtor's Name Shift Technologies, Inc. Case No. 23 - 30687 PageOnePartOne PageOnePartTwo PageTwoPartOne P ag e T woP a r tT w o Case: 23 - 30687 UST Form 11 - MOR (12/01/2021) Doc# 701 Filed : 07/22/24 1 1 0 2 Entered: 07/22/24 21:26:50 Page 10 of

Debtor's Name Shift Technologies, Inc. Case No. 23 - 30687 Bankruptcy51to100 NonBankruptcy1to50 NonBankruptcy51to100 Bankruptcy1to50 Case: 23 - 30687 UST Form 11 - MOR (12/01/2021) Doc# 701 Filed : 07/22/24 1 1 0 2 Entered: 07/22/24 21:26:50 Page 11 of

Debtor's Name Shift Technologies, Inc. Case No. 23 - 30687 PageFour PageThree Case: 23 - 30687 UST Form 11 - MOR (12/01/2021) Doc# 701 Filed : 07/22/24 1 1 0 2 Entered: 07/22/24 21:26:50 Page 12 of

Case: 23 - 30687 Doc# 701 - 1 Filed: 07/22/24 of 2 Entered: 07/22/24 21:26:50 Page 1 In re Shift Technologies, Inc., et al. Lead Case No. 23 - 30687 (HLB) Global Notes to Monthly Operating Reports General Notes : October 9, 2023 (the “ Petition Date ”), Shift Technologies, Inc.; Shift Platform, Inc.; Shift Finance LLC; Shift Operations LLC; Shift Transportation LLC; Shift Insurance Services LLC; Shift Marketplace Holdings, LLC; Shift Marketplace, LLC; Fair Dealer Services, LLC; CarLotz, Inc., a Delaware Corporation; CarLotz Group, Inc.; CarLotz Nevada, LLC; CarLotz California, LLC; CarLotz, Inc., an Illinois Corporation; CarLotz Logistics, LLC; Orange Peel, LLC; and Orange Grove Fleet Solutions, LLC, as debtors and debtors in possession (collectively, the “ Debtors ”) in the above - captioned chapter 11 cases (the “ Chapter 11 Cases ”), each filed a voluntary petition for relief under chapter 11 of title 11 of the United States Code (the “ Bankruptcy Code ”) with the United States Bankruptcy Court for the Northern District of California (San Francisco Division) (the “ Bankruptcy Court ”). The Debtors are authorized to operate their businesses and manage their properties as debtors in possession pursuant to sections 1107(a) and 1108 of the Bankruptcy Code. The Debtors are providing the information and documents provided herewith (collectively, and for all Debtors, the “ Monthly Operating Reports ”) in response to the Uniform Periodic Reports in Cases Filed Under Chapter 11 of Title 11 , promulgated by the United States Trustee Program, and the United States Trustee Chapter 11 Operating and Reporting Guidelines for Debtors in Possession (Revised March 31, 2023). All information in these Monthly Operating Reports relates solely to the Debtors, and not to any non - Debtor affiliate. The following notes and statements and limitations should be referred to, and referenced in connection with, any review of the Monthly Operating Reports. Basis of Presentation : The Debtors are submitting their Monthly Operating Reports solely for the purposes of complying with requirements applicable in these Chapter 11 Cases. The financial information included in the Monthly Operating Reports is unaudited and has not been prepared in accordance with accounting principles generally accepted in the United States of America (“ U.S. GAAP ”) and does not include all of the information and footnotes required by U.S. GAAP. The Monthly Operating Reports are not intended to reconcile to any financial statements otherwise prepared or distributed by the Debtors. The financial information contained herein is presented per the Debtors’ books and records without, among other things, all adjustments or reclassification that may be necessary or typical in accordance with U.S. GAAP. It is possible that not all assets, liabilities, income, or expenses have been recorded at the time of production. The financial information included in the Monthly Operating Reports has not been subjected to procedures that would typically be applied to financial information presented in accordance with U.S. GAAP or any other recognized financial reporting framework, and, upon application of such procedures, the Debtors believe that the financial information could be subject to changes, and these changes could be material. The results of operations contained in the financial statements provided with these Monthly Operating Reports are not necessarily

Case: 23 - 30687 Doc# 701 - 1 Filed: 07/22/24 of 2 Entered: 07/22/24 21:26:50 Page 2 indicative of results that may be expected from any other period or for the full year and may not necessarily reflect the results of operations and financial position of the Debtors in the future. Reservation of Rights : The Debtors reserve all rights to amend or supplement their Monthly Operating Reports in all respects, as may be necessary or appropriate. Nothing contained in these Monthly Operating Reports shall constitute a waiver of any of the Debtors’ rights under any applicable law or an admission with respect to any issue in the Chapter 11 Case. Bank Accounts : Prior to the Petition Date, the Debtors historically maintained bank accounts associated with specific legal entities, but utilized these accounts for general corporate purposes, without regard to legal entity. After the Petition Date, debtor - in - possession accounts in the name of Shift Technologies, Inc., were established with the Debtors’ new banking partner, Axos Bank. These new accounts are being utilized for all of the Debtors. Additionally, the Debtors are in the process of closing pre - petition bank accounts, but this process is not complete as of the filing of these Monthly Operating Reports. As a result, receipts and disbursements have continued to occur with various Debtors based upon bank accounts held by those Debtors. For the purposes of book and record keeping, all of these activities are associated with the winddown of the Debtors’ business through Shift Operations LLC or Orange Grove Fleet Solutions, LLC. Internal Transfers : Internal transfers between the Debtors are not included as receipts in the financial statements for each Debtor. Because the Monthly Operating Reports have not been prepared on a consolidated basis, this has resulted in negative cash balances for some Debtors. Attachments and Exhibits: Bank statements and other supporting documents and exhibits for all Debtors are attached only to the Monthly Operating Report of Shift Technologies, Inc. Any documents, exhibits, or statements attached to the Monthly Operating Report of Shift Technologies, Inc. are incorporated by reference into the Monthly Operating Reports for all Debtors. Payments Made on Prepetition Debt : On or about October 11 and 12, 2023, the Bankruptcy Court entered interim orders (the “ Interim Orders ”) authorizing, but not directing, the Debtors to, among other things, pay certain prepetition claims relating to (a) employee wages, salaries, and other compensation and benefits; (b) insurance premiums; (c) taxes; and (d) the continued use of the Debtors’ Cash Management System. Final orders granting such relief were entered on or about November 9, 2023 (the “ Final Orders ,” and, collectively with the Interim Orders, the “ First Day Orders ”). Payments made on prepetition debt pursuant to the First Day Orders are not recorded in attachment MOR - 5. Payments to Insiders : All payments made by the Debtors to “Insiders,” as such term is defined in 11 U.S.C. † 101(31), constituted the regular compensation owed to those individuals or reimbursements in the ordinary course of business as recorded in attachment MOR - 5.

MOR - 1 Lead Case No: 23 - 30687 Reporting Period: June 1 - June 30, 2024 In re: SHIFT TECHNOLOGIES, INC., et al. Statement of Cash Receipts and Disbursements - (Unaudited) Shift Technologies, Inc. Carlotz, Inc. Carlotz Group, Inc. Orange Grove Fleet Solutions, LLC Shift Platform, Inc. F ai r De a l er S e r v i ces, LLC Shift Operations, LLC Receipts Custo m er Col l ect i ons Interest Income $ 9,701 $ – $ – $ – $ – $ – $ – – – – – – – – – – $ – $ – $ – $ – $ $ 9,701 $ Total Receipts Disbursements – – $ – $ – $ – $ – $ $ – $ DMV and Tax Payments – – – – – – (261,060) P a y ro ll & Be n efits – – – – – – – Insurance – – – – – – – Security – – – – – – – Inventory Payments – – – – – – (74,458) Expenses – – – – – – – Rent – – – – – – – B an k C har ges – – – – – – (2,045) Employee Reimbursements – – – – – – – LOC Draw – – – – – – – Professional Fees – – – – – – (503) Worker's Compensation (450,000) – – – – – – Settlement Expense To t a l D i sb u r se m e n t s Intercompany Intercompany Transfers (receipts) Intercompany Transfers (disbursements) Intercompany Transfers (net) Net Cash Flow – – $ – $ – $ – $ – $ $ (788,066) $ – – – – – – 930,290 – – – – – – (930,290) $ 930,290 $ – $ – $ – $ – $ – $ (930,290) $ 151,925 $ – $ – $ – $ – $ – $ (930,290) Beginning Bank Cash $ 3,383,193 $ 5,058,612 $ 123,467 – $ – – $ 974,899 Net Cash Flow 151,925 – – – – – (930,290) Ending Bank Cash $ 3,535,118 $ 5,058,612 $ 123,467 $ – $ – $ – $ 44,609 Case: 23 - 30687 Doc# 701 - 2 Filed: 07/22/24 of 5 Entered: 07/22/24 21:26:50 Page 1

MOR - 2 Lead Case No: 23 - 30687 Reporting Period: June 1 - June 30, 2024 I n r e : SHI F T T E CH N O L O G I ES , I N C. , e t al. B a l a n c e Sheet as o f J un e 30, 2024 - ( U n a u d i t e d ) Shift Technologies, Inc. Carlotz, Inc. Carlotz Group, Inc. Orange Grove Fleet Solutions, LLC Shift Platform, Inc. Fair Dealer Services, LLC Shift Operations, LLC Assets Current A sset s 44,609 – $ – $ $ – – $ $ $ 5,182,079 $ 3,535,118 Cash and Cash Equivalents – – – – – – – Restricted Cash 29,123 – – – – – – Accounts Receivable, net 8,800,088 – – (82,890) – (5,182,079) (3,535,118) Elimination 100,275 – – – – – – Inventory 1,588,155 – – 114,836 – – – Prepaid Expenses and Other – $ 10,562,250 – $ $ 31,946 – $ – $ – $ $ Total Current Assets – – – – – – – Fixed Assets – – – – – – – Accumulated Depreciation – – – – – – – Other Assets $ 10,562,250 $ – $ – $ 31,946 $ – $ – $ – Total Assets Liabilities & Equity Current Liabilities Acc o u n ts P a ya b l e Other Current Liabilities $ – $ – $ – $ – $ – $ – $ 1,412,788 – – – – – – 193,318 – $ 1,606,106 – $ $ – – $ – $ – $ $ Total Current Liabilities – 22,714,534 – 31,946 – – – Liabilities Subject to Compromise – 164,972,985 – – – – – Long Term Liabilities – (178,731,375) – – – – – Equity Total Liabilities & Equity $ – $ – $ – $ 31,946 $ – $ – $ 10,562,250 Case: 23 - 30687 Doc# 701 - 2 Filed: 07/22/24 of 5 Entered: 07/22/24 21:26:50 Page 2

Case: 23 - 30687 Doc# 701 - 2 Filed: 07/22/24 of 5 Entered: 07/22/24 21:26:50 Page 3 MOR - 3 Lead Case No: 23 - 30687 Reporting Period: June 1 - June 30, 2024 I n r e : SHI F T T E CH N O L O G I ES , I N C. , e t al. Statement of Operations for the month of June 2024 - (Unaudited) Shift Technologies, Inc. Carlotz, Inc. Carlotz Group, Inc. Orange Grove Fleet Solutions, LLC Shift Platform, Inc. Fair Dealer Services, LLC Shift Operations, LLC 9,701 $ – $ – $ – $ – $ – $ – $ Revenue Vehicle sales – – – – – – – F&I/Other 9,701 – – – – – – Total Revenue – – – – – – – Cost of Sales $ 9,701 $ – $ – $ – $ – $ – $ – Adjusted Gross Profit 256,395 – – – – – – SG&A Payroll and benefits 503 – – – – – – Insurance – – – – – – – Real Estate (ex HQ) 69,542 – – – – – – Technology 14,166 – – – – – – Professional Services 15,425 – – – – – – Contractors 29,131 – – – – – – Finance 124,500 – – – – – – EBITDA Adjustments – – – – – – – Other Selling Expense 88,256 – – – – – – Facilities – – – – – – – Marketing Expense 5,064 – – – – – – Supplies – – – – – – – Doc Ops – – – – – – – People Ops – – – – – – – Travel 450,000 – – – – – – Legal – – – – – – – Bonus $ (1,043,281) $ – $ – $ – $ – $ – $ – Net Ordinary Income – – – – – – – Interest Expense – – – – – – – Interest Income $ (1,043,281) $ – $ – $ – $ – $ – $ – Net Income (Loss)

Case: 23 - 30687 Doc# 701 - 2 Filed: 07/22/24 of 5 Entered: 07/22/24 21:26:50 Page 4 MOR - 4 Lead Case No: 23 - 30687 Reporting Period: June 1 - June 30, 2024 In re: SHIFT TECHNOLOGIES, INC., et al. A ccou n t s R e ce i v able A g i n g Total Allowance for Doubtful Accounts Unapplied / refunds 90+ 61 - 90 31 - 60 21 - 30 11 - 20 06 - 10 0 - 5 Shift Operations LLC $ 29,156 $ (109,392) $ – – $ 138,549 – $ – $ – $ – $ – $ $ Loan Partners (34) – (300) – 266 – – – – – F&I – (260,752) – – 260,752 – – – – – Auction – (9,184) – – 9,184 – – – – – Others $ 29,122 $ (379,328) $ (300) – $ 408,751 – $ – $ – $ – $ – $ $ Total Accounts Receivable Total Allowance for Doub t fu l Accoun ts U n a pp l ie d / refunds 90+ 61 - 90 31 - 60 21 - 30 11 - 20 06 - 10 0 - 5 Orange Grove Fleet Solutions, LLC – $ – $ – $ – $ – – $ – $ – $ – $ – $ $ Loan Partners – – – – – – – – – – F&I – – – – – – – – – – Auction – – (239,094) – 239,094 – – – – – Others – $ – $ (239,094) $ – $ 239,094 – $ – $ – $ – $ – $ $ Total Accounts Receivable Total Allowance for Doub t fu l Accoun ts U n a pp l ie d / refunds 90+ 61 - 90 31 - 60 21 - 30 11 - 20 06 - 10 0 - 5 Total $ 29,156 $ (109,392) $ – – $ 138,549 – $ – $ – $ – $ – $ $ Loan Partners (34) – (300) – 266 – – – – – F&I – (260,752) – – 260,752 – – – – – Auction – (248,278) – – 248,278 – – – – – Others $ 29,122 $ (618,422) $ (300) – $ 647,845 – $ – $ – $ – $ – $ $ Total Accounts Receivable

Case: 23 - 30687 Doc# 701 - 2 Filed: 07/22/24 of 5 Entered: 07/22/24 21:26:50 Page 5 Entity Vendor Category Amount Check Number Date Shift Technologies, Inc. Benefits Cigna (50,368.32) 6/3/2024 Shift Technologies, Inc. Se tt le m ent E x pens e A ll y Fin a nci a l (450,000.00) 6/3/2024 Shift Technologies, Inc. Employee reimbursements Dora Lacayo (143.70) 176 6/4/2024 Shift Technologies, Inc. P a yroll P a yroll T a x (257.08) 6/5/2024 Shift Technologies, Inc. P a yroll P a y rol l T a x (5,008.55) 6/5/2024 Shift Technologies, Inc. Payroll Internal Revenue Service (22,364.19) 6/6/2024 Shift Technologies, Inc. Expenses BABU Inc. / Compuzone (30,000.00) 6/6/2024 Shift Technologies, Inc. Worke r Co m pens a t ion S t a t e F u nd (503.07) 6/7/2024 Shift Technologies, Inc. Expenses Bill.com (1,633.00) 6/7/2024 Shift Technologies, Inc. Payroll Intuit Payroll (200.00) 6/10/2024 Shift Technologies, Inc. P a yroll P a y rol l T a x (1,238.16) 6/10/2024 Shift Technologies, Inc. Payroll Intuit Payroll (2,546.94) 6/10/2024 Shift Technologies, Inc. Payroll Intuit Payroll (3,422.35) 6/10/2024 Shift Technologies, Inc. Payroll Intuit Payroll (3,630.06) 6/10/2024 Shift Technologies, Inc. Payroll Intuit Payroll (3,932.36) 6/10/2024 Shift Technologies, Inc. Payroll Intuit Payroll (5,720.69) 6/10/2024 Shift Technologies, Inc. Payroll Intuit Payroll (7,603.04) 6/10/2024 Shift Technologies, Inc. Payroll Intuit Payroll (8,822.44) 6/10/2024 Shift Technologies, Inc. Payroll Intuit Payroll (12,551.89) 6/10/2024 Shift Technologies, Inc. Benefits Cigna (62,708.02) 6/10/2024 Shift Technologies, Inc. Benefits Wex Health Inc. (495.00) 6/11/2024 Shift Technologies, Inc. Expense - BOD fees Kimberly Sheehy (10,000.00) 6/13/2024 Shift Technologies, Inc. E x pens e - BOD f ees A d a m Na sh (10,000.00) 6/13/2024 Shift Technologies, Inc. Expense - BOD fees James Skinner (22,500.00) 6/13/2024 Shift Technologies, Inc. Benefits Wex Health Inc. 6,815.36 6/14/2024 Shift Technologies, Inc. P a yroll P a y rol l T a x (257.08) 6/20/2024 Shift Technologies, Inc. P a yroll P a y rol l T a x (5,008.55) 6/20/2024 Shift Technologies, Inc. Payroll Internal Revenue Service (22,364.19) 6/21/2024 Shift Technologies, Inc. Payroll Intuit Payroll (10.60) 6/24/2024 Shift Technologies, Inc. Payroll Intuit Payroll (10.61) 6/24/2024 Shift Technologies, Inc. Payroll Intuit Payroll (10.62) 6/24/2024 Shift Technologies, Inc. Payroll Intuit Payroll (200.00) 6/24/2024 Shift Technologies, Inc. Payroll Intuit Payroll (2,546.95) 6/24/2024 Shift Technologies, Inc. Payroll Intuit Payroll (3,458.19) 6/24/2024 Shift Technologies, Inc. Payroll Intuit Payroll (3,630.07) 6/24/2024 Shift Technologies, Inc. Payroll Intuit Payroll (3,932.36) 6/24/2024 Shift Technologies, Inc. Payroll Intuit Payroll (5,720.68) 6/24/2024 Shift Technologies, Inc. Payroll Intuit Payroll (7,603.05) 6/24/2024 Shift Technologies, Inc. Payroll Intuit Payroll (9,206.55) 6/24/2024 Shift Technologies, Inc. Payroll Intuit Payroll (12,551.89) 6/24/2024 Shift Technologies, Inc. Employee ReimbursementsScott Hodgdon (759.06) 177 6/25/2024 Shift Technologies, Inc. Benefits Wex Health Inc. (495.00) 6/26/2024 Shift Technologies, Inc. Employee ReimbursementsAaron Chu (1,141.96) 178 6/26/2024 Shift Technologies, Inc. Expenses Quickbooks (325.00) 6/28/2024 Shift Technologies, Inc. Subtotal $ (788,065.91) Grand Total $ (788,065.91) MOR - 5 Lead Case No: 23 - 30687 Reporting Period: June 1 - June 30, 2024 In re: SHIFT TECHNOLOGIES, INC., et al. D i sbur se m e n t s b y E n t i t y

3,520,843.20 3,520,843.20 4 Number of Enclosures C o m m e r c i a l C h e c k i n g Account Number Previous Balance 4 Deposits/Credits 4 3 C h e c k s / D e b i t s Maintenance Fee Interest Paid Ending Balance Case: 23 - 30687 Doc# 701 - 3 Filed: 07/22/24 of 5 Entered: 07/22/24 21:26:50 Page 5 xxx x x x x 2 2 3 8 S t a t e m e nt D a t e s 6/03/2 4 t h r u 6/ 3 0 / 2 4 2,5 8 7 , 2 0 6 . 1 4 Day s i n th e s t a t e m e nt per i o d 28 1,296,806.31 Avg Daily Ledger 348 , 7 3 1 . 27 Av g D a i ly C o l l e c t ed .00 .00 3,5 3 5 , 2 8 1 . 1 8 Date 6/28/24 Primary Account 1 Page xxx x x x x 2 2 3 8 SHIFT TECHNOLOGIES, INC. Debtor in Possession Case #23 - 30687, Operating 290 DIVISION ST STE 400 SAN FRANCISCO CA 94103 Account Title: SHIFT TECHNOLOGIES, INC. Debtor in Possession Case #23 - 30687, Operating DEPOSITS AND OTHER CREDITS Amount Description Date 930,289.95 Wire Transfer Credit 6/03 SHIFT OPERATIONS LLC 290 DIVISION ST STE 400 SAN FRANCISCO, CA 94103 - 4893 WHITTIER LOC 20240603I1B7031R021996 20240603MMQFMP9N000392 06031344FT03 350,000.00 From DDA *2246,To DDA *2238 6/12 9,701.00 PAYMENTS ADESA CORP LLC CCD 021000028445532 Shift Technologies 6/13

Date 6/28/24 Primary Account Case: 23 - 30687 Doc# 701 - 3 Filed: 07/22/24 of 23 Entered: 07/22/24 21:26:50 Page 2 2 Page xxx x x x x 2 2 3 8 Commercial Checking x x x x x x x 2 2 38 ( C o n t i n u e d ) DEPOSITS AND OTHER CREDITS Amount Description Date NTE*ZZZ*ADESA GOLDEN GATE 1444 9 NTE * Z Z Z * N A 6,815.36 DBI COBRA WEX COBRA CCD 091310529326203 Shift Technologies Inc 6/14 CHEC K S A ND W I T H D R A WA LS Amount Description Date 50,368.32 - Domestic Wire Transfer - DL 6/03 SHIFT PLATFORM, INC 021000089 31333078 UNITED STATES CITIBANK, N.A. 20240603MMQFMP9N000178 20240603B1Q8021R030362 06031129FT03 257.08 - TAX PAYROLL CCD 111000025905163 SHIFT OPERATIONS, LLC 6/04 5,008.55 - TAX PAYROLL CCD 111000025927024 SHIFT OPERATIONS, LLC 6/04 22,364.19 - USATAXPYMT IRS CCD 061036010077404 SHIFT OPERATIONS LLC 6/05 503.07 - deb i t p m t Stat e Comp PPD 042000012517866 Shift Technologies Inc 6/06 30,000.00 - Domestic Wire Transfer - DL 6/06 BABU Inc. 026009593 002141352863 UNITED STATES BANK OF AMERICA, N 20240606MMQFMP9N000037 20240606B6B7HU1R003979

Date 6/28/24 Primary Account Case: 23 - 30687 Doc# 701 - 3 Filed: 07/22/24 of 23 Entered: 07/22/24 21:26:50 Page 3 3 Page xxx x x x x 2 2 3 8 Commercial Checking x x x x x x x 2 2 38 ( C o n t i n u e d ) CHEC K S A ND W I T H D R A WA LS Amount Description Date 06060825FT03 1,633.00 - BILLING BILL.COM LLC CCD 021000026179465 Shift Technologies Inc 6/06 1,238.16 - TAX PAYROLL CC D 1 1 1 0 0 0 0 2 4 9 2 3 1 9 2 SHIFT OPERATIONS, LLC 6/07 200.00 - PAYROLL INTUIT 30305168 CCD 111000023467035 SHIFT OPERATIONS, LLC 6/10 2,546.94 - PAYROLL INTUIT 30305168 CCD 111000023467040 SHIFT OPERATIONS, LLC 6/10 3,422.35 - PAYROLL INTUIT 30305168 CCD 111000023467037 SHIFT OPERATIONS, LLC 6/10 3,630.06 - PAYROLL INTUIT 30305168 CCD 111000023467038 SHIFT OPERATIONS, LLC 6/10 3,932.36 - PAYROLL INTUIT 30305168 CCD 111000023467034 SHIFT OPERATIONS, LLC 6/10 5,720.69 - PAYROLL INTUIT 30305168 CCD 111000023467041 SHIFT OPERATIONS, LLC 6/10 7,603.04 - PAYROLL INTUIT 30305168 CCD 111000023467036 SHIFT OPERATIONS, LLC 6/10 8,822.44 - PAYROLL INTUIT 30305168 CCD 111000023467039 SHIFT OPERATIONS, LLC 6/10 12,551.89 - PAYROLL INTUIT 30305168 CCD 111000023467033 SHIFT OPERATIONS, LLC 6/10 62,708.02 - Domestic Wire Transfer - DL 6/10 SHIFT PLATFORM, INC 021000089 31333078 UNITED STATES CITIBANK, N.A.

Date 6/28/24 Primary Account Case: 23 - 30687 Doc# 701 - 3 Filed: 07/22/24 of 23 Entered: 07/22/24 21:26:50 Page 4 4 Page xxx x x x x 2 2 3 8 Commercial Checking x x x x x x x 2 2 38 ( C o n t i n u e d ) CHEC K S A ND W I T H D R A WA LS Amount Description Date FDAL1100 - 211770 20240610MMQFMP9N000110 20240610B1Q8021R017431 06100951FT03 495.00 - Domestic Wire Transfer - DL 6/11 WEX Health Inc 091310521 600066492 UNITED STATES Bell Bank Shift Technologies Inc (41820) 20240611MMQFMP9N000070 20240611GMQFMP01006236 06110853FT03 10,000.00 - Domestic Wire Transfer - DL 6/13 Adam Nash 256072691 2005172602 UNITED STATES E Trade Bank 20240613MMQFMP9N000750 20240613E6B7011C000172 06131551FT03 10,000.00 - Domestic Wire Transfer - DL 6/13 Kimberly Sheehy 111000614 201168961 UNITED STATES Chase 20240613MMQFMP9N000752 20240613MMQFMP2H100229 06131551FT03 22,500.00 - Domestic Wire Transfer - DL 6/13 James Skinner 111000614 514331811 UNITED STATES JP Morgan 20240613MMQFMP9N000748 20240613MMQFMP2H100201

Date 6/28/24 Primary Account Case: 23 - 30687 Doc# 701 - 3 Filed: 07/22/24 of 23 Entered: 07/22/24 21:26:50 Page 5 5 Page xxx x x x x 2 2 3 8 Commercial Checking x x x x x x x 2 2 38 ( C o n t i n u e d ) CHEC K S A ND W I T H D R A WA LS Amount Description Date 06131551FT03 257.08 - TAX PAYROLL CCD 111000022516477 SHIFT OPERATIONS, LLC 6/18 5,008.55 - TAX PAYROLL CC D 1 1 1 0 0 0 0 2 2 5 2 5 5 2 9 SHIFT OPERATIONS, LLC 6/18 22,364.19 - USATAXPYMT IRS CCD 061036010069689 SHIFT OPERATIONS LLC 6/20 10.60 - USATAXPYMT IRS CCD 061036010007538 SHIFT OPERATIONS LLC 6/21 10.61 - USATAXPYMT IRS CCD 061036010007539 SHIFT OPERATIONS LLC 6/21 10.62 - USATAXPYMT IRS CCD 061036010007540 SHIFT OPERATIONS LLC 6/21 200.00 - PAYROLL INTUIT 32220939 CCD 111000026345791 SHIFT OPERATIONS, LLC 6/24 2,546.95 - PAYROLL INTUIT 32220939 CCD 111000026345793 SHIFT OPERATIONS, LLC 6/24 3,458.19 - PAYROLL INTUIT 32220939 CCD 111000026345796 SHIFT OPERATIONS, LLC 6/24 3,630.07 - PAYROLL INTUIT 32220939 CCD 111000026345798 SHIFT OPERATIONS, LLC 6/24 3,932.36 - PAYROLL INTUIT 32220939 CCD 111000026345790 SHIFT OPERATIONS, LLC 6/24 5,720.68 - PAYROLL INTUIT 32220939 CCD 111000026345794 SHIFT OPERATIONS, LLC 6/24 7,603.05 - PAYROLL INTUIT 32220939 CCD 111000026345792 SHIFT OPERATIONS, LLC 6/24

Date 6/28/24 Primary Account Case: 23 - 30687 Doc# 701 - 3 Filed: 07/22/24 of 23 Entered: 07/22/24 21:26:50 Page 6 6 Page xxx x x x x 2 2 3 8 Commercial Checking x x x x x x x 2 2 38 ( C o n t i n u e d ) CHEC K S A ND W I T H D R A WA LS Amount Description Date 9,206.55 - PAYROLL INTUIT 32220939 CCD 111000026345795 SHIFT OPERATIONS, LLC 6/24 12,551.89 - PAYROLL INTUIT 32220939 CCD 111000026345797 SHIFT OPERATIONS, LLC 6/24 495.00 - Domestic Wire Transfer - DL 6/26 WEX Health, Inc. 091310521 600066492 UNITED STATES Bell Bank Shift Technologies Inc (41820) 20240626MMQFMP9N000026 20240626GMQFMP01003434 06260800FT03 325.00 - QBooks Onl INTUIT * CCD 021000023786912 SHIFT TECHNOLOGIES, IN 6/27 CHECKS IN SERIAL NUMBER ORDER Amount Check No Date Date Check No Amount 759.06 177 6/25 6/06 166 3,850.00 1,141.96 178 6/26 6/04 176* 143.70 * Indicates Skip In Check Number Sequence DAI LY B AL A NCE I N FO RM A T I O N Balance Balance Date Balance Date Date 3,586,851.94 3,290,497.23 6/21 3,467,127.77 6/11 6/03 3,538,002.20 3,640,497.23 6/24 3,461,718.44 6/12 6/04 3,537,243.14 3,607,698.23 6/25 3,439,354.25 6/13 6/05 3,535,606.18 3,614,513.59 6/26 3,403,368.18 6/14 6/06 3,535,281.18 3,609,247.96 6/27 3,402,130.02 6/18 6/07 3,586,883.77 3,290,992.23 6/20 6/10

Date 6/28/24 Primary Account Case: 23 - 30687 Doc# 701 - 3 Filed: 07/22/24 of 23 Entered: 07/22/24 21:26:50 Page 7 7 Page xxx x x x x 2 2 3 8 Commercial Checking x x x x x x x 2 2 38 ( C o n t i n u e d ) *** END OF STATEMENT ***

Check 166 Date: 06/06 Amount: $3,850.00 Check 176 Date: 06/04 Amount: $143.70 Check 177 Date: 06/25 Amount: $759.06 Check 178 Date: 06/26 Amount: $1,141.96 Case: 23 - 30687 Doc# 701 - 3 Filed: 07/22/24 of 23 Entered: 07/22/24 21:26:50 Page 8

IMPORTANT DISCLOSURE TO OUR CONSUMER CUSTOMERS In Case of Errors or Questions About Your Electronic Transfers In Case of Errors or Questions About Your Electronic Transfers, Telephone us at 1 - 888 - 502 - 2967 or Write us at the address on the front of this statement as soon as you can, if you think your statement or receipt is wrong or if you need more information about a transfer on the statement or receipt . We must hear from you no later than 60 days after we sent you the FIRST statement on which the error or problem appeared . • Tell us your name and account number (if any). • Describe the error or the transfer you are unsure about, and explain as clearly as you can why you believe it is an error or why you need more information. • Tell us the dollar amount of the suspected error. We will tell you all the results of our investigation within 10 business days and will correct any error promptly. If we need more time, we may take up to 45 days to investigate your complaint. In that case, we will provisionally credit your account for the amount you think is in error, so that you may have use of the money during the time it takes us to complete our investigation. For transfers initiated outside the United States or transfers resulting from a point of sale (POS) debit card transactions, the time period for provisional credit is 10 business days and the time to resolve the investigation is 90 days. IMPORTANT DISCLOSURES TO OUR BUSINESS CUSTOMERS Errors related to any transaction on a business account will be governed by any agreement between us and/or all applicable rules and regulations governing such transactions, including the rules of the Automated Clearing House Association (NACHA Rules) as may be amended from time to time . If you think this statement is wrong, please telephone us at the number listed on the front of this statement immediately . For our 24 - hour Automated Banking System, please call the number located on the front of the Statement. CONSUMER BILLING RIGHTS SUMMARY REGARDING YOUR RESERVE LINE What to do if you think you find a mistake on your statement: Contact us at the address shown on the front of this statement as soon as you can, if you think your statement or receipt is wrong or if you need more information about a transfer on the statement or receipt . We must hear from you within 60 days after the error appeared on your statement. • Te ll us y ou r na m e and a c c o u n t nu m ber . • Tell us the dollar amount of the suspected error. • Describe the error you are unsure about, and explain as clearly as you can why you believe there is an error or why you need more information. You must notify us of any potential errors in writing or electronically. You may call us, but if you do, we are not required to investigate any potential errors and you may have to pay the amount in question. While we investigate whether or not there has been an error, the following are true: • We cannot try to collect the amount in question,or report you as delinquent on that amount. • The amount in question may remain on your statement, and we may continue to charge you interest on that amount. But, if we determine that we made a mistake,you will not have to pay the amount in question or other fees related to that amount. • While you do not have to pay the amount in question, you are responsible for the remainder of your balance. • We c an a pp l y a n y un p aid a m o un t a g ai n s t y ou r c r e di t li m i t . REPORTS TO AND FROM CREDIT BUREAUS FOR RESERVE LINES We may report information about your account to credit bureaus. Late payments, missed payments or other defaults on your account may be reflected in your credit report. CONSUMER REPORT DISPUTES We may report information about negative account activity on consumer and small business deposit accounts and consumer reserve lines to Consumer Reporting Agencies (CRA). As a result, this may prevent you from obtaining services at other financial institutions. If you believe we have inaccurately reported information to a CRA, you may submit a dispute by calling 1 - 800 - 428 - 9623 or by writing to Chex Systems, Attention Consumer Relations, 7805 Hudson Road, Suite 100, Woodbury, MN 55125. In order to assist you with your dispute, you must provide your name, address and phone number; the account number; the specific information you are disputing; the explanation of why it is incorrect; and any supporting documentation (i.e. affidavit of identity theft). If applicable. ©2018 Axos B C an a k s . A e ll : R 2 ig 3 ht - s 3 R 0 e 6 se 8 rv 7 ed. Doc# 701 - 3 DEP 950 (10/18) Filed: 07/22/24 of 23 Entered: 07/22/24 21:26:50 Page 9

28 112 , 5 0 0 . 00 112 , 5 0 0 . 00 S t a t e m e nt D a t e s 6/03/2 4 t h r u 6/ 3 0 / 2 4 Days in the statement period Avg Daily Ledger Avg Daily Collected Numbe r o f E n c l o s u r es 0 C o m m e r c i a l C h e c k i n g Account Number Previous Balance Deposits/Credits 2 C h e c k s / D e b i ts Maintenance Fee Interest Paid Ending Balance Case: 23 - 30687 Doc# 701 - 3 Filed: 07/22/24 of 23 Entered: 07/22/24 21:26:50 Page 10 xxx x x x x x 2 2 4 6 800 , 0 0 0 . 00 .00 800,000.00 .00 .00 .00 Date 6/28/24 Primary Account Page 1 xxxxxxxx2246 SHIFT TECHNOLOGIES, INC. Debtor in Possession Case #23 - 30687, Ally Collateral 290 DIVISION ST STE 400 SAN FRANCISCO CA 94103 Account Title: SHIFT TECHNOLOGIES, INC. Debtor in Possession Case #23 - 30687, Ally Collateral CHEC K S A ND W I T H D R A WA LS Amount Description Date 450,000.00 - Domestic Wire Transfer - DL 6/03 Ally Financial 021000021 103291671 UNITED STATES JPMORGAN CHASE BAN Shift Operations Settlement 20240603MMQFMP9N001143 20240603MMQFMP2H132273 06031711FT03 350,000.00 - From DDA *2246,To DDA *2238 6/12

Date 6/28/24 Primary Account Case: 23 - 30687 Doc# 701 - 3 Filed: 07/22/24 of 23 Entered: 07/22/24 21:26:50 Page 11 Page 2 xxxxxxxx2246 Commercial Checking x x x x x x x x 2 2 4 6 ( C o n t i n u ed ) DAI LY B AL A NCE I N FO RM A T I O N Balance Balance Date Date .00 350,000.00 6/12 6/03 *** END OF STATEMENT ***

IMPORTANT DISCLOSURE TO OUR CONSUMER CUSTOMERS In Case of Errors or Questions About Your Electronic Transfers In Case of Errors or Questions About Your Electronic Transfers, Telephone us at 1 - 888 - 502 - 2967 or Write us at the address on the front of this statement as soon as you can, if you think your statement or receipt is wrong or if you need more information about a transfer on the statement or receipt . We must hear from you no later than 60 days after we sent you the FIRST statement on which the error or problem appeared . • Tell us your name and account number (if any). • Describe the error or the transfer you are unsure about, and explain as clearly as you can why you believe it is an error or why you need more information. • Tell us the dollar amount of the suspected error. We will tell you all the results of our investigation within 10 business days and will correct any error promptly. If we need more time, we may take up to 45 days to investigate your complaint. In that case, we will provisionally credit your account for the amount you think is in error, so that you may have use of the money during the time it takes us to complete our investigation. For transfers initiated outside the United States or transfers resulting from a point of sale (POS) debit card transactions, the time period for provisional credit is 10 business days and the time to resolve the investigation is 90 days. IMPORTANT DISCLOSURES TO OUR BUSINESS CUSTOMERS Errors related to any transaction on a business account will be governed by any agreement between us and/or all applicable rules and regulations governing such transactions, including the rules of the Automated Clearing House Association (NACHA Rules) as may be amended from time to time . If you think this statement is wrong, please telephone us at the number listed on the front of this statement immediately . For our 24 - hour Automated Banking System, please call the number located on the front of the Statement. CONSUMER BILLING RIGHTS SUMMARY REGARDING YOUR RESERVE LINE What to do if you think you find a mistake on your statement: Contact us at the address shown on the front of this statement as soon as you can, if you think your statement or receipt is wrong or if you need more information about a transfer on the statement or receipt . We must hear from you within 60 days after the error appeared on your statement. • Te ll us y ou r na m e and a c c o u n t nu m ber . • Tell us the dollar amount of the suspected error. • Describe the error you are unsure about, and explain as clearly as you can why you believe there is an error or why you need more information. You must notify us of any potential errors in writing or electronically. You may call us, but if you do, we are not required to investigate any potential errors and you may have to pay the amount in question. While we investigate whether or not there has been an error, the following are true: • We cannot try to collect the amount in question,or report you as delinquent on that amount. • The amount in question may remain on your statement, and we may continue to charge you interest on that amount. But, if we determine that we made a mistake,you will not have to pay the amount in question or other fees related to that amount. • While you do not have to pay the amount in question, you are responsible for the remainder of your balance. • We c an a pp l y a n y un p aid a m o un t a g ai n s t y ou r c r e di t li m i t . REPORTS TO AND FROM CREDIT BUREAUS FOR RESERVE LINES We may report information about your account to credit bureaus. Late payments, missed payments or other defaults on your account may be reflected in your credit report. CONSUMER REPORT DISPUTES We may report information about negative account activity on consumer and small business deposit accounts and consumer reserve lines to Consumer Reporting Agencies (CRA). As a result, this may prevent you from obtaining services at other financial institutions. If you believe we have inaccurately reported information to a CRA, you may submit a dispute by calling 1 - 800 - 428 - 9623 or by writing to Chex Systems, Attention Consumer Relations, 7805 Hudson Road, Suite 100, Woodbury, MN 55125. In order to assist you with your dispute, you must provide your name, address and phone number; the account number; the specific information you are disputing; the explanation of why it is incorrect; and any supporting documentation (i.e. affidavit of identity theft). If applicable. ©2018 Axos C Ba a n s k. e A : ll R 2 i 3 gh - t 3 s 0 Re 6 s 8 er 7 ved. Doc# 701 - 3 DEP 950 (10/18) Filed: 07/22/24 of 23 Entered: 07/22/24 21:26:50 Page 12

Date 6/28/24 Primary Account 1 Page xxx x x x x 6 1 7 1 CARLOTZ GROUP, INC. Debtor in Possession, Case #23 - 30698 290 DIVISION ST. STE. 400 SAN FRANCISCO CA 94103 Account Title: CARLOTZ GROUP, INC. Debtor in Possession, Case #23 - 30698 Numbe r o f E n c l o s u r es 0 S t a t e m e nt D a t e s 6/03/2 4 t h r u 6/ 3 0 / 2 4 28 Days in the statement period Avg Daily Ledger Avg Daily Collected 123 , 4 6 6 . 87 123 , 4 6 6 . 87 C o m m e r c i a l C h e c k i n g Account Number Previous Balance Dep o s i t s / C r e d i ts Checks/Debits Maintenance Fee Interest Paid Ending Balance xxx x x x x 6 1 7 1 123 , 4 6 6 . 87 .00 .00 .00 .00 123,466.87 DAI LY B AL A NCE I N FO RM A T I O N Date Balance 6/03 123,466.87 *** END OF STATEMENT *** Case: 23 - 30687 Doc# 701 - 3 Filed: 07/22/24 of 23 Entered: 07/22/24 21:26:50 Page 13

IMPORTANT DISCLOSURE TO OUR CONSUMER CUSTOMERS In Case of Errors or Questions About Your Electronic Transfers In Case of Errors or Questions About Your Electronic Transfers, Telephone us at 1 - 888 - 502 - 2967 or Write us at the address on the front of this statement as soon as you can, if you think your statement or receipt is wrong or if you need more information about a transfer on the statement or receipt . We must hear from you no later than 60 days after we sent you the FIRST statement on which the error or problem appeared . • Tell us your name and account number (if any). • Describe the error or the transfer you are unsure about, and explain as clearly as you can why you believe it is an error or why you need more information. • Tell us the dollar amount of the suspected error. We will tell you all the results of our investigation within 10 business days and will correct any error promptly. If we need more time, we may take up to 45 days to investigate your complaint. In that case, we will provisionally credit your account for the amount you think is in error, so that you may have use of the money during the time it takes us to complete our investigation. For transfers initiated outside the United States or transfers resulting from a point of sale (POS) debit card transactions, the time period for provisional credit is 10 business days and the time to resolve the investigation is 90 days. IMPORTANT DISCLOSURES TO OUR BUSINESS CUSTOMERS Errors related to any transaction on a business account will be governed by any agreement between us and/or all applicable rules and regulations governing such transactions, including the rules of the Automated Clearing House Association (NACHA Rules) as may be amended from time to time . If you think this statement is wrong, please telephone us at the number listed on the front of this statement immediately . For our 24 - hour Automated Banking System, please call the number located on the front of the Statement. CONSUMER BILLING RIGHTS SUMMARY REGARDING YOUR RESERVE LINE What to do if you think you find a mistake on your statement: Contact us at the address shown on the front of this statement as soon as you can, if you think your statement or receipt is wrong or if you need more information about a transfer on the statement or receipt . We must hear from you within 60 days after the error appeared on your statement. • Te ll us y ou r na m e and a c c o u n t nu m ber . • Tell us the dollar amount of the suspected error. • Describe the error you are unsure about, and explain as clearly as you can why you believe there is an error or why you need more information. You must notify us of any potential errors in writing or electronically. You may call us, but if you do, we are not required to investigate any potential errors and you may have to pay the amount in question. While we investigate whether or not there has been an error, the following are true: • We cannot try to collect the amount in question,or report you as delinquent on that amount. • The amount in question may remain on your statement, and we may continue to charge you interest on that amount. But, if we determine that we made a mistake,you will not have to pay the amount in question or other fees related to that amount. • While you do not have to pay the amount in question, you are responsible for the remainder of your balance. • We c an a pp l y a n y un p aid a m o un t a g ai n s t y ou r c r e di t li m i t . REPORTS TO AND FROM CREDIT BUREAUS FOR RESERVE LINES We may report information about your account to credit bureaus. Late payments, missed payments or other defaults on your account may be reflected in your credit report. CONSUMER REPORT DISPUTES We may report information about negative account activity on consumer and small business deposit accounts and consumer reserve lines to Consumer Reporting Agencies (CRA). As a result, this may prevent you from obtaining services at other financial institutions. If you believe we have inaccurately reported information to a CRA, you may submit a dispute by calling 1 - 800 - 428 - 9623 or by writing to Chex Systems, Attention Consumer Relations, 7805 Hudson Road, Suite 100, Woodbury, MN 55125. In order to assist you with your dispute, you must provide your name, address and phone number; the account number; the specific information you are disputing; the explanation of why it is incorrect; and any supporting documentation (i.e. affidavit of identity theft). If applicable. ©2018 Axos C Ba a n s k. e A : ll R 2 i 3 gh - t 3 s 0 Re 6 s 8 er 7 ved. Doc# 701 - 3 DEP 950 (10/18) Filed: 07/22/24 of 23 Entered: 07/22/24 21:26:50 Page 14

Account Information Report Shift Technologies Inc Case: 23 - 30687 Doc# 701 - 3 Filed: 07/22/24 of 23 Entered: 07/22/24 21:26:50 Page 15 June 01, 2024 - June 30, 2024 Account: *3638 (Shift Operations LLC) Posted Date Description Check Number Credit Debit 06/11/2024 DDA Deposit Next Day Avail $31,087.37 Report Generated on: 07/11/24 03:27:49 PM

Date 6/28/24 Primary Account 1 Page xxx x x x x 6 1 6 3 CARLOTZ, INC. Debtor in Possession, Case #23 - 30697 290 DIVISION ST. STE. 400 SAN FRANCISCO CA 94103 Account Title: CARLOTZ, INC. Debtor in Possession, Case #23 - 30697 Number of Enclosures 0 xxx x x x x 6 1 6 3 S t a t e m e nt D a t e s 6/03/2 4 t h r u 6/ 3 0 / 2 4 5,0 5 8 , 6 1 2 . 4 2 Day s i n th e s t a t e m e nt per i o d 28 5,058,612.42 5,058,612.42 Commercial Checking Account Number Previous Balance Dep o s i t s / C r e d i ts Checks/Debits Maintenance Fee Interest Paid Ending Balance .00 Avg Daily Ledger .00 Avg Daily Collected .00 .00 5,058,612.42 DAI LY B AL A NCE I N FO RM A T I O N Date Balance 6/03 5,058,612.42 *** END OF STATEMENT *** Case: 23 - 30687 Doc# 701 - 3 Filed: 07/22/24 of 23 Entered: 07/22/24 21:26:50 Page 16

IMPORTANT DISCLOSURE TO OUR CONSUMER CUSTOMERS In Case of Errors or Questions About Your Electronic Transfers In Case of Errors or Questions About Your Electronic Transfers, Telephone us at 1 - 888 - 502 - 2967 or Write us at the address on the front of this statement as soon as you can, if you think your statement or receipt is wrong or if you need more information about a transfer on the statement or receipt . We must hear from you no later than 60 days after we sent you the FIRST statement on which the error or problem appeared . • Tell us your name and account number (if any). • Describe the error or the transfer you are unsure about, and explain as clearly as you can why you believe it is an error or why you need more information. • Tell us the dollar amount of the suspected error. We will tell you all the results of our investigation within 10 business days and will correct any error promptly. If we need more time, we may take up to 45 days to investigate your complaint. In that case, we will provisionally credit your account for the amount you think is in error, so that you may have use of the money during the time it takes us to complete our investigation. For transfers initiated outside the United States or transfers resulting from a point of sale (POS) debit card transactions, the time period for provisional credit is 10 business days and the time to resolve the investigation is 90 days. IMPORTANT DISCLOSURES TO OUR BUSINESS CUSTOMERS Errors related to any transaction on a business account will be governed by any agreement between us and/or all applicable rules and regulations governing such transactions, including the rules of the Automated Clearing House Association (NACHA Rules) as may be amended from time to time . If you think this statement is wrong, please telephone us at the number listed on the front of this statement immediately . For our 24 - hour Automated Banking System, please call the number located on the front of the Statement. CONSUMER BILLING RIGHTS SUMMARY REGARDING YOUR RESERVE LINE What to do if you think you find a mistake on your statement: Contact us at the address shown on the front of this statement as soon as you can, if you think your statement or receipt is wrong or if you need more information about a transfer on the statement or receipt . We must hear from you within 60 days after the error appeared on your statement. • Te ll us y ou r na m e and a c c o u n t nu m ber . • Tell us the dollar amount of the suspected error. • Describe the error you are unsure about, and explain as clearly as you can why you believe there is an error or why you need more information. You must notify us of any potential errors in writing or electronically. You may call us, but if you do, we are not required to investigate any potential errors and you may have to pay the amount in question. While we investigate whether or not there has been an error, the following are true: • We cannot try to collect the amount in question,or report you as delinquent on that amount. • The amount in question may remain on your statement, and we may continue to charge you interest on that amount. But, if we determine that we made a mistake,you will not have to pay the amount in question or other fees related to that amount. • While you do not have to pay the amount in question, you are responsible for the remainder of your balance. • We c an a pp l y a n y un p aid a m o un t a g ai n s t y ou r c r e di t li m i t . REPORTS TO AND FROM CREDIT BUREAUS FOR RESERVE LINES We may report information about your account to credit bureaus. Late payments, missed payments or other defaults on your account may be reflected in your credit report. CONSUMER REPORT DISPUTES We may report information about negative account activity on consumer and small business deposit accounts and consumer reserve lines to Consumer Reporting Agencies (CRA). As a result, this may prevent you from obtaining services at other financial institutions. If you believe we have inaccurately reported information to a CRA, you may submit a dispute by calling 1 - 800 - 428 - 9623 or by writing to Chex Systems, Attention Consumer Relations, 7805 Hudson Road, Suite 100, Woodbury, MN 55125. In order to assist you with your dispute, you must provide your name, address and phone number; the account number; the specific information you are disputing; the explanation of why it is incorrect; and any supporting documentation (i.e. affidavit of identity theft). If applicable. ©2018 Axos C Ba a n s k. e A : ll R 2 i 3 gh - t 3 s 0 Re 6 s 8 er 7 ved. Doc# 701 - 3 DEP 950 (10/18) Filed: 07/22/24 of 23 Entered: 07/22/24 21:26:50 Page 17

Payouts paused until requirements met Provide some additional required information to resume payouts. R epo r ts Shift (acct_xxxxxxxxxxxxxUzYi) 2525 16 th Street Unit 316 San Francisco, CA, 94103 , US Balance Activity Payout reconciliation View account status Payments fees Changes to your Stripe balance from Jun 1 – Jun 30 , based on the date of the balance change . Useful to record how your Stripe balance changed. Shift Balance summary — Platform Shows starting and ending balance in your Stripe account. Starting balance is the sum of your available balance, pending balance, and Connect reserved balance. Changes to your balance come from activity (payments, refunds, transfers, etc.) and from payouts to yo ur bank (aggregated here and broken out in detail in the reports below). - $8,321.06 S tarting balance — Jun 1 U T C $0.00 Balance change from activity Account activity before fees - $0.25 Less fees - $0.25 Net balance change from activity 7/10/24, 4:44 AM Case: 23 - 30687 Doc# 701 - 3 Filed: 07/22/24 Entered: 07/22/24 21:26:50 Page 18 https://dashboard.stripe.com/reports/balance?startDate=2024 - 06 - 01&endDate=2024 - 06 - 30&currency= o u f sd 2 & 3 templateType=merchant 1/2 Balance – Shift – Stripe

T otal payouts $0.00 Ending balance — Jun 30 UTC - $8,321.31 Balance change from activity Detailed breakdown of the balance change from activity line from the above Balance Summary report . Includes changes to your Stripe balance from activity (payments, refunds, transfers, etc.), excluding payouts, as well as itemized downloads. 0 Count Charges $0.00 Gross amount 0 Count Refunds $0.00 Gross amount 1 Count Additional Stripe fees - $0.25 Gross amount - $0.25 1 Balance change from activity Payouts Detailed breakdown of the total payouts line from the above Balance Summary report. Includes changes to your Stripe balance, from payouts to your bank, as well as itemized downloads. Payouts Count Case: 23 - 30687 Doc# 701 - 3 Filed: 07/22/24 Entered: 07/22/24 21:26:50 Page 19 https://dashboard.stripe.com/reports/balance?startDate=2024 - 06 - 01&endDate=2024 - 06 - 30&currency= o u f sd 2 & 3 templateType=merchant 2/2 0 Gross amount $0.00 7/10/24, 4:44 AM Balance – Shift – Stripe

Reply directly from your inbox In order to restore your account’s ability to receive payouts, please check your email for next steps or reach out to our support team. R epo r ts Shift sellers (acct_xxxxxxxxxxxx9Pco) 2525 16th st #316 San Francisco, CA, 94103, US Balance Activity Payments fees Changes to your Stripe balance from Jun 1 – Jun 30 , based on the date of the balance change . Useful to record how your Stripe balance changed. Shift sellers Balance summary — Platform Get started with revenue recognition Access out - of - the - box revenue reports that automatically capture your latest Stripe data and streamline accrual accounting. You can also import non - Stripe transactions and terms or set custom rules to recognize revenue in line with your accounting practices. View features 7/10/24, 4:44 AM Preparing file for download… Case: 23 - 30687 Doc# 701 - 3 Filed: 07/22/24 Entered: 07/22/24 21:26:50 Page 20 https://dashboard.stripe.com/reports/balance?startDate=2024 - 06 - 01&endDate=2024 - 06 - 30&currency= o u f sd 2 & 3 templateType=merchant&timezone=America%2FLos_Angeles 1/3 Balance – Shift sellers – Stripe

$11,345.37 S tarting balance — Jun 1 P D T $0.00 Net balance change from activity $0.00 Total payouts $11,345.37 Ending balance — Jun 30 PDT Balance change from activity Detailed breakdown of the balance change from activity line from the above Balance Summary report . Includes changes to your Stripe balance from activity (payments, refunds, transfers, etc.), excluding payouts, as well as itemized downloads. 0 Count Charges $0.00 Gross amount 0 Count Refunds $0.00 Gross amount $0.00 0 Balance change from activity Payouts Detailed breakdown of the total payouts line from the above Balance Summary report. Includes changes to your Stripe balance, from payouts to your bank, as well as itemized downloads. P a y outs Count 0 7/10/24, 4:44 AM Balance – Shift sellers – Stripe Shows starting and ending balance in your Stripe account. Starting balance is the sum of your available balance, pending balance, and Connect reserved balance. Changes to your balance come from activity (payments, refunds, transfers, etc.) and from payouts to yo ur bank (aggregated here and broken out in detail in the reports below). Preparing file for download… Case: 23 - 30687 Doc# 701 - 3 Filed: 07/22/24 Entered: 07/22/24 21:26:50 Page 21 https://dashboard.stripe.com/reports/balance?startDate=2024 - 06 - 01&endDate=2024 - 06 - 30&currency= o u f sd 2 & 3 templateType=merchant&timezone=America%2FLos_Angeles 2/3

Gross amount $0.00 7/10/24, 4:44 AM Preparing file for download… Case: 23 - 30687 Doc# 701 - 3 Filed: 07/22/24 Entered: 07/22/24 21:26:50 Page 22 https://dashboard.stripe.com/reports/balance?startDate=2024 - 06 - 01&endDate=2024 - 06 - 30&currency= o u f sd 2 & 3 templateType=merchant&timezone=America%2FLos_Angeles 3/3 Balance – Shift sellers – Stripe

W ChosenPayment report online Amount Count Opened Closed Errors BatchRefNum Seq Amount Date Not yet deposited $2,995.00 1 10/6/2023 11:47 10/6/2023 20:05 15 120116646 $33,595.97 10/04/2023 Not yet deposited $724.40 3 10/4/2023 20:54 10/5/2023 20:02 14 120052960 $2,000.00 10/04/2023 Not yet deposited $4,378.25 4 10/4/2023 14:10 10/4/2023 19:54 13 120047062 $311.02 10/04/2023 Not yet deposited $2,000.00 1 10/3/2023 20:23 10/3/2023 22:10 12 120016379 $11,000.00 10/03/2023 Not yet deposited $400.00 1 10/3/2023 18:18 10/3/2023 20:05 11 120015383 $2,200.00 10/03/2023 X $2,000.00 1 10/2/2023 18:33 10/2/2023 20:07 10 119978783 ($311.02) 10/02/2023 x $35,795.97 2 10/2/2023 14:54 10/2/2023 17:36 9 119975129 $9,700.00 10/02/2023 X $11,000.00 3 9/30/2023 20:22 10/1/2023 20:02 8 119919423 $7,500.00 10/02/2023 X $9,700.00 5 9/30/2023 13:06 9/30/2023 20:03 7 119914786 $6,050.00 10/02/2023 X $6,050.00 2 9/29/2023 13:10 9/29/2023 20:07 6 119889567 $1,000.00 09/28/2023 X $7,500.00 3 9/27/2023 21:02 9/28/2023 20:07 5 119822404 $12,000.00 09/27/2023 X $1,000.00 1 9/26/2023 19:38 9/26/2023 20:05 4 119784744 $4,400.00 09/26/2023 X $12,000.00 3 9/25/2023 13:18 9/25/2023 20:02 3 119741032 $3,000.00 09/15/2023 X $4,400.00 3 9/24/2023 14:35 9/24/2023 20:01 2 119709024 X $3,000.00 1 9/13/2023 14:03 9/13/2023 20:05 1 119356830 $92,445.97 $102,943.62 $10,497.65 $10,497.65 Case: 23 - 30687 Doc# 701 - 3 Filed: 07/22/24 of 23 Entered: 07/22/24 21:26:50 Page 23

Cover	Jul. 25, 2024
Cover [Abstract]
Document Type	8-K
Amendment Flag	false
Document Period End Date	Jul. 25, 2024
Entity File Number	001-38839
Entity Registrant Name	SHIFT TECHNOLOGIES, INC.
Entity Central Index Key	0001762322
Entity Tax Identification Number	82-5325852
Entity Incorporation, State or Country Code	DE
Entity Address, Address Line One	P.O. Box 1664
Entity Address, City or Town	San Bruno
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	94066
City Area Code	855
Local Phone Number	575-6739
Written Communications	false
Soliciting Material	false
Pre-commencement Tender Offer	false
Pre-commencement Issuer Tender Offer	false
Title of 12(b) Security	Class A common stock, par value $0.0001 per share
Entity Emerging Growth Company	true
Elected Not To Use the Extended Transition Period	false