FORM 4
[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

Palella Salvatore
2. Issuer Name and Ticker or Trading Symbol

Helbiz, Inc. [ HLBZ HLBZW ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

__X__ Director                    __X__ 10% Owner
__X__ Officer (give title below)    _____ Other (specify below)
Chief Executive Officer
(Last)          (First)          (Middle)

C/O HELBIZ, INC., 32 OLD SLIP,, 32ND FLOOR
3. Date of Earliest Transaction (MM/DD/YYYY)

8/12/2021
(Street)

NEW YORK, NY 10005
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

_X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock (Class A) 3/8/2022  P  50000 A$3.05 550000 D  

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security3. Trans. Date3A. Deemed Execution Date, if any4. Trans. Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
6. Date Exercisable and Expiration Date7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Stock Options $2.16 8/12/2021 (1) A   1484721     (2)4/1/2030 Class A Common Stock 1484721 $3.05 1484721 D (1) 
Performance Based Restricted $0.00 (3)8/12/2021  A   600000     (4)4/1/2030 Class A Common Shares 600000 $3.05 600000 D  

Explanation of Responses:
(1) Granted by Helbiz Holdings Inc., under the 2020 Equity Incentive Plan adopted on April 1, 2020. Upon the merger by and among Green Vision Acquisition Corp., Helbiz Holdings Inc., and Green Vision Merge Sub Inc. on August 12, 2021, the options were exchanged for options of Helbiz, Inc., the successor to GreenVision Acquisition Corp.
(2) 50% of the options vest on the one-year anniversary of the 2020 Equity Incentive Plan. The remaining stock options vest at a rate of 1.4% a month over the next 36 months. As of the date of this filing 969,244 Stock Options have vest.
(3) Granted by Helbiz Holdings Inc. under the 2020 CEO Performance Plan adopted on April 1,2020. Upon the merger by and among GreenVision Acquisition Corp., Helbiz Holdings Inc., and GreenVision Merger Sub Inc. on August 12,2021, the performance-based restricted shares were exchanged for performance-based restricted shares of Helbiz Inc., the successor to GreenVision Acquisition Corp.
(4) The vesting of these performance-based restricted shares is subject to the attainment of certain performance objectives between 4/1/2020 and 4/1/2030 (the "2020-2030 Performance Period"). The target number (100%) of the total performance-based restricted shares is reported in the table set forth above. The portion of the target number of performance-based restricted shares allocated to each applicable performance objective will vest upon the attainment of the applicable performance objective.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director10% OwnerOfficerOther
Palella Salvatore
C/O HELBIZ, INC., 32 OLD SLIP,
32ND FLOOR
NEW YORK, NY 10005
XXChief Executive Officer

Signatures
/s/ Salvatore Palella3/11/2022
**Signature of Reporting PersonDate


Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
*If the form is filed by more than one reporting person, see Instruction 4(b)(v).
**Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note:File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
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