Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
transaction | APPF | Class B Common Stock | Other | $0 | -40K | -5.25% | $0.00 | 723K | Jun 5, 2023 | Class A Common Stock | $0.00 | Direct | F1, F2, F3 | |
transaction | APPF | Class B Common Stock | Other | $0 | +40K | $0.00 | 40K | Jun 5, 2023 | Class A Common Stock | $0.00 | See footnote | F1, F2, F3, F4 | ||
holding | APPF | Class B Common Stock | 536K | Jun 5, 2023 | Class A Common Stock | $0.00 | By Family Trust | F2, F3 | ||||||
holding | APPF | Class B Common Stock | 37.6K | Jun 5, 2023 | Class A Common Stock | $0.00 | See footnote | F2, F3, F5 | ||||||
holding | APPF | Class B Common Stock | 2.2K | Jun 5, 2023 | Class A Common Stock | $0.00 | See footnote | F2, F3, F6 | ||||||
holding | APPF | Class B Common Stock | 34K | Jun 5, 2023 | Class A Common Stock | $0.00 | See footnote | F2, F3, F6 | ||||||
holding | APPF | Class B Common Stock | 49K | Jun 5, 2023 | Class A Common Stock | $0.00 | See footnote | F2, F3, F6 |
Id | Content |
---|---|
F1 | Reflects transfers for no consideration from the Reporting Person's individual retirement accounts to two limited liability companies, of which the Report Person acts as manager. |
F2 | Each share of the Issuer's Class B Common Stock ("Class B Shares") is convertible, at any time at the option of the holder, into one share of the Issuer's Class A Common Stock ("Class A Share"). In addition, Class B Shares that are sold or otherwise transferred will convert automatically, on a one-for-one basis, into Class A Shares, except for (i) any transfer by a partnership or limited liability company that was a registered holder of Class B Shares prior to June 30, 2015 that is made to anyone who was a partner or member of any such partnership or limited liability company prior to June 30, 2015, and (ii) any transfer to a "qualified recipient" (as defined in the Issuer's Amended and Restated Certificate of Incorporation). |
F3 | (Continued from Footnote 2) The Issuer's Class B Shares do not have an expiration date. However, all of the outstanding Class B Shares will convert automatically into Class A Shares, on a one-for-one basis, on the date when the number of the Issuer's outstanding Class B Shares represents less than 10% of the sum of its outstanding Class A Shares and Class B Shares. |
F4 | These Class B Shares are held in two limited liability companies, of which the Report Person acts as manager. The Reporting Person maintains sole voting and dispositive power over these Class B Shares. The Reporting Person disclaims any beneficial ownership over these shares except to the extent of his pecuniary interest therein. |
F5 | These Class B Shares are owned by a grantor trust established for one of the Reporting Person's adult children. The Reporting Person's spouse is the trustee of that trust and, in that capacity, possesses sole voting and dispositive power over these Class B Shares. However, neither she nor the Reporting Person is a beneficiary of the trust and neither of them has, and they disclaim, any pecuniary interest in these Class B Shares. |
F6 | These Class B Shares are owned by another grantor trust also established for one of the Reporting Person's adult children. The Reporting Person's spouse is the trustee of that trust and, in that capacity, possesses sole voting and dispositive power over these Class B Shares. However, neither she nor the Reporting Person is a beneficiary of the trust and neither of them has, and they disclaim, any pecuniary interest in these Class B Shares. |