Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
holding | VRT | Class A Common Stock | 62.3K | Mar 10, 2025 | See Footnote | F1 | |||||
holding | VRT | Class A Common Stock | 200 | Mar 10, 2025 | See Footnote | F2 |
Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
transaction | VRT | Stock Option | Gift | -116K | -100% | 0 | Mar 10, 2025 | Class A Common Stock | 116K | $12.05 | Direct | F3, F4, F5 | ||
transaction | VRT | Stock Option | Gift | +116K | 116K | Mar 10, 2025 | Class A Common Stock | 116K | $12.05 | See Footnote | F3, F4, F5 | |||
transaction | VRT | Stock Option | Gift | -116K | -100% | 0 | Mar 10, 2025 | Class A Common Stock | 116K | $20.56 | Direct | F3, F4, F5 | ||
transaction | VRT | Stock Option | Gift | +116K | 116K | Mar 10, 2025 | Class A Common Stock | 116K | $20.56 | See Footnote | F3, F4, F5 | |||
transaction | VRT | Stock Option | Gift | -87K | -75% | 29K | Mar 10, 2025 | Class A Common Stock | 87K | $11.50 | Direct | F3, F4, F5 | ||
transaction | VRT | Stock Option | Gift | +87K | 87K | Mar 10, 2025 | Class A Common Stock | 87K | $11.50 | See Footnote | F3, F4, F5 | |||
transaction | VRT | Stock Option | Gift | -25K | -25% | 75K | Mar 10, 2025 | Class A Common Stock | 25K | $15.84 | Direct | F3, F4, F5 | ||
transaction | VRT | Stock Option | Gift | +25K | 25K | Mar 10, 2025 | Class A Common Stock | 25K | $15.84 | See Footnote | F3, F4, F5 | |||
holding | VRT | Stock Option | 50K | Mar 10, 2025 | Class A Common Stock | 50K | $72.09 | Direct | F3, F4 |
Id | Content |
---|---|
F1 | Reflects securities held directly by the Reporting Person's spouse. |
F2 | Reflects securities held directly by David M. Cote 2018 Revocable Trust, of which the Reporting Person is the trustee. |
F3 | The Reporting Person holds an aggregate of 497,826 stock options, including (i) 115,942 stock options granted on February 7, 2020, which vested as to 28,985 on February 7, 2021, 28,986 on February 7, 2022, 28,985 on February 7, 2023, and 28,986 on February 7, 2024 (the "2020 Vested Options"), (ii) 115,942 stock options granted on February 4, 2021, which vested as to 28,986 on each of February 4, 2022 and February 4, 2023, 28,985 on February 4, 2024, and 28,985 on February 4, 2025 (the "2021 Vested Options"), (iii) 115,942 stock options granted on March 3, 2022, which vested as to 28,985 on each of March 3, 2023 and March 3, 2024, and 28,986 on March 3, 2025 (the "2022 Vested Options"), and which will vest as to 28,986 on March 3, 2026, (cont'd in FN4) |
F4 | (cont'd from FN3) (iv) 100,000 stock options granted on March 7, 2023, which vested as to 25,000 on March 15, 2024 (the "2023 Vested Options," and together with the 2020 Vested Options, the 2021 Vested Options and the 2022 Vested Options, the "Fully Vested Options"), and which will vest as to 25,000 on each of March 15, 2025, March 15, 2026 and March 15, 2027, and (v) 50,000 stock options granted to the reporting person on March 7, 2024, which will vest as to 12,500 on each of March 15, 2025, March 15, 2026, March 15, 2027 and March 15, 2028. No exercises with respect to the stock options are being reported in this Form 4. |
F5 | The Reporting Person previously directly beneficially owned these options. On March 10, 2025, the Reporting Person gifted the Fully Vested Options to a grantor retained annuity trust (the "trust"), of which the Reporting Person is the trustee and annuitant and over which securities the Reporting Person maintains indirect beneficial ownership. As of the date of this Form 4, these options have not been exercised and remain held by the trust. |