| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | NET | Class A Common Stock | Conversion of derivative security | +11.2K | +20.05% | 66.8K | 15 Nov 2022 | Direct | F1 | ||
| transaction | NET | Class A Common Stock | Sale | -$252K | -4.5K | -6.74% | $55.99 | 62.3K | 15 Nov 2022 | Direct | F2, F3 |
| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | NET | Employee Stock Option (right to buy) | Options Exercise | $0 | -4.5K | -2.64% | $0.00 | 166K | 15 Nov 2022 | Class B Common Stock | 4.5K | $2.04 | Direct | F1, F4 |
| transaction | NET | Restricted Stock Units | Options Exercise | $0 | -6.25K | -50% | $0.00 | 6.25K | 15 Nov 2022 | Class B Common Stock | 6.25K | Direct | F5, F6 | |
| transaction | NET | Restricted Stock Units | Options Exercise | $0 | -9.38K | -25% | $0.00 | 28.1K | 15 Nov 2022 | Class B Common Stock | 9.38K | Direct | F5, F7 | |
| transaction | NET | Class B Common Stock | Options Exercise | $0 | +20.1K | +15.4% | $0.00 | 151K | 15 Nov 2022 | Class A Common Stock | 20.1K | Direct | F1 | |
| transaction | NET | Class B Common Stock | Tax liability | -$506K | -8.97K | -5.95% | $56.40 | 142K | 15 Nov 2022 | Class A Common Stock | 8.97K | Direct | F1, F8 | |
| transaction | NET | Class B Common Stock | Conversion of derivative security | $0 | -11.2K | -7.87% | $0.00 | 131K | 15 Nov 2022 | Class A Common Stock | 11.2K | Direct | F1 |
| Id | Content |
|---|---|
| F1 | Each share of Class B Common Stock is convertible at any time into Class A Common Stock on a one-to-one basis at the reporting person's election and has no expiration date. |
| F2 | The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 29, 2021, as modified on August 31, 2022. |
| F3 | The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $55.57 to $56.47, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price. |
| F4 | The option is subject to an early exercise provision and is immediately exercisable. Shares subject to the option vest in 48 equal monthly installments following September 13, 2019. |
| F5 | Each restricted stock unit, or RSU, represents a contingent right to receive one share of Issuer Class B Common Stock. |
| F6 | The RSUs vest in 16 equal quarterly installments following February 15, 2019. |
| F7 | The RSUs vest in 16 equal quarterly installments following August 15, 2019. |
| F8 | The shares were withheld to satisfy the reporting person's tax liability in connection with the vesting of RSUs. |