Form 4 • Statement of Changes in Beneficial Ownership
Type
Sell
Net shares
-2,000
% of shares
-9.16%
Amount (USD)
$52,000
Insider confidence score
30.0 out of 100
Positive
Negative
Security
Class A Common Stock
Action
Exercise
Date
2026-03-03
Code
C
Net shares
+2,000.0
Acquired/Disposed
Acquired
Shares Owned Before
19,839.0
Shares Owned After
21,839.0
Security
Class A Common Stock
Action
Sell
Date
2026-03-03
Code
S
Net shares
-2,000.0
Price per Share
$26.00
Amount (USD)
$52,000.00
Acquired/Disposed
Disposed
Shares Owned Before
21,839.0
Shares Owned After
19,839.0
Security
Stock Option (Right to Buy)
Action
Exercise
Date
2026-03-03
Code
M
Net shares
-2,000.0
Acquired/Disposed
Disposed
Shares Owned Before
458,700.0
Shares Owned After
456,700.0
Security
Class B Common Stock
Action
Exercise
Date
2026-03-03
Code
M
Net shares
+2,000.0
Acquired/Disposed
Acquired
Shares Owned Before
0.0
Shares Owned After
2,000.0
Security
Class B Common Stock
Action
Exercise
Date
2026-03-03
Code
C
Net shares
-2,000.0
Acquired/Disposed
Disposed
Shares Owned Before
2,000.0
Shares Owned After
0.0
1. Each share of Class B Common Stock, par value $0.001 per share (the "Class B Common Stock"), converted into one share of Class A Common Stock, par value $0.001 per share (the "Class A Common Stock"), at the option of the holder.
2. The sales reported in this Form 4 occurred automatically pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on November 12, 2024.
3. The stock option vested in 36 equal monthly installments after March 27, 2020, subject to the Reporting Person's continuous service relationship with the Issuer through each applicable vesting date. The stock option was granted on June 10, 2020.
4. Each share of Class B Common Stock is convertible into one share of Class A Common Stock at any time at the option of the holder. Each share of Class B Common Stock held by the Reporting Person will automatically convert into one share of Class A Common Stock, upon the following: (1) the sale or transfer of such share of Class B Common Stock, except for certain permitted transfers described in the Issuer's amended and restated certificate of incorporation; (2) the death or incapacity of the Reporting Person; and (3) on the final conversion date, defined as the earlier of (a) the tenth anniversary of the effectiveness of the registration statement in connection with the Issuer's initial public offering; or (b) the date specified by a vote of the holders of at least 66 2/3% of the outstanding shares of Class B Common Stock, voting as a single class.
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.