Form 4 • Statement of Changes in Beneficial Ownership
Type
Sell
Net shares
-35,000
% of shares
-51.04%
Amount (USD)
$3,150,000
Insider confidence score
8.8 out of 100
Positive
Negative
Security
Class A Common Stock
Action
Exercise
Date
2026-03-02
Code
C
Net shares
+30,000.0
Acquired/Disposed
Acquired
Shares Owned Before
0.0
Shares Owned After
30,000.0
Security
Class A Common Stock
Action
Sell
Date
2026-03-02
Code
S
Net shares
-30,000.0
Price per Share
$90.00
Amount (USD)
$2,700,000.00
Acquired/Disposed
Disposed
Shares Owned Before
30,000.0
Shares Owned After
0.0
Security
Class A Common Stock
Action
Exercise
Date
2026-03-02
Code
C
Net shares
+5,000.0
Acquired/Disposed
Acquired
Shares Owned Before
0.0
Shares Owned After
5,000.0
Security
Class A Common Stock
Action
Sell
Date
2026-03-02
Code
S
Net shares
-5,000.0
Price per Share
$90.00
Amount (USD)
$450,000.00
Acquired/Disposed
Disposed
Shares Owned Before
5,000.0
Shares Owned After
0.0
Security
Stock Option (Right to Buy)
Action
Exercise
Date
2026-03-02
Code
M
Net shares
-30,000.0
Acquired/Disposed
Disposed
Shares Owned Before
1,999,073.0
Shares Owned After
1,969,073.0
Security
Class B Common Stock
Action
Exercise
Date
2026-03-02
Code
M
Net shares
+30,000.0
Acquired/Disposed
Acquired
Shares Owned Before
2,366,356.0
Shares Owned After
2,396,356.0
Security
Class B Common Stock
Action
Exercise
Date
2026-03-02
Code
C
Net shares
-30,000.0
Acquired/Disposed
Disposed
Shares Owned Before
2,396,356.0
Shares Owned After
2,366,356.0
Security
Class B Common Stock
Action
Exercise
Date
2026-03-02
Code
C
Net shares
-5,000.0
Acquired/Disposed
Disposed
Shares Owned Before
157,842.0
Shares Owned After
152,842.0
1. Each share of Class B common stock is convertible into Class A common stock on a one-for-one basis at the option of the Reporting Person. In addition, each share of Class B common stock will convert automatically into Class A common stock on a one-for-one basis upon any transfer of such share, except for certain permitted transfers described in the Issuer's Amended and Restated Certificate of Incorporation. Shares of Class B common stock do not expire.
2. On March 2, 2026, the Reporting Person converted 30,000 shares of Class B common stock into Class A common stock to facilitate a sale pursuant to a 10b5-1 trading plan.
3. Represents shares of Class B common stock held through an irrevocable grantor trust, of which the Reporting Person is the sole trustee and the Reporting Person is a beneficiary. The Reporting Person is entitled to annuity payments from the trust, with any remaining assets to be distributed to the Calico Trust, of which the Reporting Person's child is the beneficiary. The Reporting Person disclaims beneficial ownership of the shares of Class B common stock except to the extent of his pecuniary interest therein.
4. On March 2, 2026, the Reporting Person converted 5,000 shares of Class B common stock into Class A common stock to facilitate a sale pursuant to a 10b5-1 trading plan.
5. Represents shares of Class A Common stock held through an irrevocable grantor trust, of which the Reporting Person's wife, daughter and brother-in-law are trustees and the Reporting Person's children are beneficiaries. The Reporting Person disclaims beneficial ownership of the shares of Class A Common Stock except to the extent of his pecuniary interest therein.
6. The options are fully vested.
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.