Form 4 • Statement of Changes in Beneficial Ownership
Type
Neutral
Net shares
-60,000
% of shares
-6.35%
Amount (USD)
$0
Insider confidence score
27.5 out of 100
Positive
Negative
Security
Class A Common Stock
Action
Exercise
Date
2026-03-02
Code
C
Net shares
+60,000.0
Acquired/Disposed
Acquired
Shares Owned Before
885,122.0
Shares Owned After
945,122.0
Security
Class A Common Stock
Action
Grant
Date
2026-03-02
Code
G
Net shares
-60,000.0
Acquired/Disposed
Disposed
Shares Owned Before
945,122.0
Shares Owned After
885,122.0
Security
Class B Common Stock
Action
Exercise
Date
2026-03-02
Code
C
Net shares
-60,000.0
Acquired/Disposed
Disposed
Shares Owned Before
2,318,424.0
Shares Owned After
2,258,424.0
1. Each share of Class A Common Stock was issued upon conversion of one share of Class B Common Stock at the election of, and at no cost to, the reporting person.
2. On March 2, 2026, the reporting person converted 60,000 shares of Class B Common Stock into a like number of shares of Class A Common Stock and gifted (i) 20,000 of such shares of Class A Common Stock to his mother, (ii) 20,000 of such shares of Class A Common Stock to his niece, and (iii) 20,000 of such shares of Class A Common Stock to his nephew. The gift transactions are exempt from Section 16(b) by virtue of Rule 16b-5 promulgated under the Securities Act of 1933, as amended.
3. Certain of these securities are restricted stock units ("RSUs"). Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock, subject to the applicable vesting schedule and conditions of each RSU.
4. Shares of Class B Common Stock are convertible into shares of Class A Common Stock on a 1-for-1 basis at no cost, at any time, at the election of the holder.
5. By Spouse as Trustee for the Elysian 2021 Legacy Trust u/a/d May 11, 2021.
6. By Spouse as Trustee for the Orion 2021 Legacy Trust u/a/d May 11, 2021.
7. By Spouse as Trustee for the Elysian 2024 GST Trust u/a/d March 20, 2024.
8. By Spouse as Trustee for the Orion 2024 GST Trust u/a/d March 20, 2024.
This page is for informational purposes only. While we strive for accuracy, the summary may contain inaccuracies or omissions. Please refer to the official SEC filing for authoritative information. Open the SEC filing.