| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | S | Class A Common Stock | Sale | -$210K | -10.6K | -2.13% | $19.77 | 488K | Mar 27, 2025 | Direct | F1, F2 |
| transaction | S | Class A Common Stock | Sale | -$204K | -10.9K | -2.22% | $18.78 | 477K | Mar 28, 2025 | Direct | F2, F3 |
Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.
Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).
| Id | Content |
|---|---|
| F1 | The sale reported on this Form 4 represents an Issuer mandated sale by the Reporting Person to cover tax withholding obligations in connection with the vesting and settlement of performance-based Restricted Stock Units, and it does not represent a discretionary trade by the Reporting Person. Pursuant to the Issuer's equity incentive plan, an award recipient's tax withholding obligations must be funded by a "sell to cover" transaction. |
| F2 | Certain of the shares are subject to forfeiture to the Issuer if underlying vesting conditions are not met. |
| F3 | This transaction represents a sale effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on April 5, 2024. |