Form 4 • Statement of Changes in Beneficial Ownership
Type
Sell
Net shares
-109,498
% of shares
-1.20%
Amount (USD)
$2,731,361
Insider confidence score
43.8 out of 100
Positive
Negative
Security
Class A Common Stock
Action
Exercise
Date
2026-03-02
Code
C
Net shares
+109,498.0
Acquired/Disposed
Acquired
Shares Owned Before
0.0
Shares Owned After
109,498.0
Security
Class A Common Stock
Action
Sell
Date
2026-03-02
Code
S
Net shares
-109,498.0
Price per Share
$24.94
Amount (USD)
$2,731,361.91
Acquired/Disposed
Disposed
Shares Owned Before
109,498.0
Shares Owned After
0.0
Security
Class B Common Stock
Action
Exercise
Date
2026-03-02
Code
C
Net shares
-109,498.0
Acquired/Disposed
Disposed
Shares Owned Before
66,617,123.0
Shares Owned After
66,507,625.0
1. 109,498 shares of Class B Common Stock were converted into 109,498 shares of Class A Common Stock at the election of the Reporting Person and had no expiration date.
2. Shares held by the Andrew Houston Revocable Trust u/a/d 9/7/2011, for which Reporting Person serves as trustee.
3. These shares were sold pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on March 12, 2025.
4. This transaction was executed in multiple trades at prices ranging from $24.57 to $25.16. The price reported above reflects the weighted average sale price. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
5. These securities are restricted stock awards of Class A Common Stock. The restricted stock awards vest over a period of up to ten years following the closing of the Issuer's initial public offering of Class A Common Stock, or March 27, 2028, upon achievement of service-based, market-based, and liquidity event-related performance vesting conditions.
6. Shares held by the Houston Remainder Trust u/a/d 12/30/2010, for which the Reporting Person serves as trustee.
7. Shares held by The Erin Yu Houston Revocable Trust u/a/d 1/18/2024, for which the Reporting Person's spouse serves as trustee.
8. The Issuer's Class B Common Stock is convertible into the Issuer's Class A Common Stock on a one-for-one basis at the Reporting Person's election and has no expiration date.
9. Shares held by the Houston 2012 Irrevocable Children's Trust u/a/d 4/12/2012, for which Reporting Person serves as trustee.
ℹ️ Filed under Rule 10b5-1 trading plan
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.