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 in this Form 4 was effected pursuant to a 10b5-1 trading plan adopted by the Reporting Person on June 30, 2022. |
| F2 | Includes shares to be issued in connection with the vesting of one or more restricted stock units. |
| F3 | Amount reflects an annuity payment of 24,693 shares made by the Christian Kleinerman 2022 Grantor Retained Annuity Trust dated June 24, 2022 to the Reporting Person on June 30, 2023. |
| F4 | Shares are held by the Kleinerman 2020 Dynasty LLC for which the Reporting Person is the manager and the Reporting Person's immediate family members are the beneficiaries. |
| F5 | Shares are held by the Christian Kleinerman 2021 Grantor Retained Annuity Trust dated September 2, 2021 for which the Reporting Person is the trustee. |
| F6 | Shares are held by the Christian Kleinerman 2022 Grantor Retained Annuity Trust dated June 24, 2022 for which the Reporting Person is the trustee. |