| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | NET | Class A Common Stock | Conversion of derivative security | +41K | 41K | Apr 11, 2022 | See footnote | F1, F2 | |||
| transaction | NET | Class A Common Stock | Sale | -$101K | -960 | -2.34% | $104.79 | 40.1K | Apr 11, 2022 | See footnote | F2, F3, F4 |
| transaction | NET | Class A Common Stock | Sale | -$161K | -1.52K | -3.8% | $105.76 | 38.5K | Apr 11, 2022 | See footnote | F2, F3, F5 |
| transaction | NET | Class A Common Stock | Sale | -$344K | -3.22K | -8.34% | $106.94 | 35.3K | Apr 11, 2022 | See footnote | F2, F3, F6 |
| transaction | NET | Class A Common Stock | Sale | -$498K | -4.61K | -13.06% | $108.00 | 30.7K | Apr 11, 2022 | See footnote | F2, F3, F7 |
| transaction | NET | Class A Common Stock | Sale | -$1.1M | -10.1K | -32.97% | $109.03 | 20.6K | Apr 11, 2022 | See footnote | F2, F3, F8 |
| transaction | NET | Class A Common Stock | Sale | -$1.93M | -17.5K | -85.23% | $109.85 | 3.04K | Apr 11, 2022 | See footnote | F2, F3, F9 |
| transaction | NET | Class A Common Stock | Sale | -$337K | -3.04K | -100% | $110.68 | 0 | Apr 11, 2022 | See footnote | F2, F3, F10 |
| transaction | NET | Class A Common Stock | Conversion of derivative security | +10.3K | 10.3K | Apr 11, 2022 | See footnote | F1, F11 | |||
| transaction | NET | Class A Common Stock | Sale | -$25.1K | -240 | -2.34% | $104.79 | 10K | Apr 11, 2022 | See footnote | F3, F4, F11 |
| transaction | NET | Class A Common Stock | Sale | -$40K | -378 | -3.77% | $105.76 | 9.64K | Apr 11, 2022 | See footnote | F3, F5, F11 |
| transaction | NET | Class A Common Stock | Sale | -$85.9K | -803 | -8.33% | $106.94 | 8.84K | Apr 11, 2022 | See footnote | F3, F6, F11 |
| transaction | NET | Class A Common Stock | Sale | -$125K | -1.16K | -13.1% | $108.00 | 7.68K | Apr 11, 2022 | See footnote | F3, F7, F11 |
| transaction | NET | Class A Common Stock | Sale | -$282K | -2.58K | -33.65% | $109.04 | 5.09K | Apr 11, 2022 | See footnote | F3, F11, F12 |
| transaction | NET | Class A Common Stock | Sale | -$480K | -4.37K | -85.69% | $109.86 | 729 | Apr 11, 2022 | See footnote | F3, F11, F13 |
| transaction | NET | Class A Common Stock | Sale | -$80.7K | -729 | -100% | $110.69 | 0 | Apr 11, 2022 | See footnote | F3, F11, F14 |
| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | NET | Employee Stock Option (right to buy) | Options Exercise | $0 | -41K | -1.03% | $0.00 | 3.96M | Apr 11, 2022 | Class B Common Stock | 41K | $2.04 | Direct | F15 |
| transaction | NET | Class B Common Stock | Options Exercise | $0 | +41K | $0.00 | 41K | Apr 11, 2022 | Class A Common Stock | 41K | Direct | F1 | ||
| transaction | NET | Class B Common Stock | Conversion of derivative security | $0 | -41K | -100% | $0.00* | 0 | Apr 11, 2022 | Class A Common Stock | 41K | Direct | F1, F16 | |
| transaction | NET | Class B Common Stock | Conversion of derivative security | $0 | -10.3K | -0.65% | $0.00 | 1.57M | Apr 11, 2022 | Class A Common Stock | 10.3K | See footnote | F1, F11 | |
| holding | NET | Class B Common Stock | 3.72M | Apr 11, 2022 | Class A Common Stock | 3.72M | See footnote | F1, F2 | ||||||
| holding | NET | Class B Common Stock | 294K | Apr 11, 2022 | Class A Common Stock | 294K | See footnote | F1, F17 | ||||||
| holding | NET | Class B Common Stock | 2M | Apr 11, 2022 | Class A Common Stock | 2M | See footnote | F1, F18 |
| Id | Content |
|---|---|
| F1 | Each share of Class B Common Stock is convertible at any time into Class A Common Stock on a one-to-one basis at the reporting person's election and has no expiration date. |
| F2 | The shares are held of record by The Sutherland/Zatlyn Revocable Trust dated November 17, 2016, for which the reporting person serves as co-trustee (the "Revocable Trust"). |
| F3 | The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 29, 2021. |
| F4 | The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $104.31 to $105.28, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes (4) through (10) and (12) through (14) to this Form 4. |
| F5 | The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $105.345 to $106.30, inclusive. |
| F6 | The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $106.42 to $107.38, inclusive. |
| F7 | The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $107.42 to $108.41, inclusive. |
| F8 | The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $108.42 to $109.41, inclusive |
| F9 | The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $109.42 to $110.41, inclusive. |
| F10 | The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $110.42 to $111.20, inclusive. |
| F11 | The shares are held of record by The SZ 2021 Irrevocable Trust dated November 6, 2021, for which the reporting person serves as the appointer. |
| F12 | The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $108.43 to $109.425, inclusive. |
| F13 | The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $109.43 to $110.425, inclusive. |
| F14 | The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $110.43 to $111.20, inclusive. |
| F15 | The option is subject to an early exercise provision and is immediately exercisable. Shares subject to the option vest in 48 equal monthly installments following September 13, 2019. |
| F16 | Upon the conversion of the shares of Class B Common Stock to Class A Common Stock, the shares were re-registered and are now held directly by the Revocable Trust. |
| F17 | The shares are held of record by SZ 2020 Irrevocable Trust dated November 25, 2020, for which the reporting person serves as an investment advisor. |
| F18 | The shares are held of record by The Sutherland/Zatlyn 2021 Annuity Trust dated May 22, 2021, for which the reporting person serves as co-trustee. |