| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | PX | Class A Common Stock | Conversion of derivative security | +4.15K | 4.15K | Nov 18, 2021 | By MAW Management Co. | F1, F2, F3, F4 | |||
| transaction | PX | Class A Common Stock | Sale | -$49.8K | -4.15K | -100% | $12.00 | 0 | Nov 18, 2021 | By MAW Management Co. | F1, F4 |
| transaction | PX | Class A Common Stock | Conversion of derivative security | +344K | 344K | Nov 18, 2021 | By TrueBridge Colonial Fund | F1, F2, F3, F5 | |||
| transaction | PX | Class A Common Stock | Sale | -$4.13M | -344K | -100% | $12.00 | 0 | Nov 18, 2021 | By TrueBridge Colonial Fund | F1, F5 |
| transaction | PX | Class A Common Stock | Conversion of derivative security | +340K | 340K | Nov 18, 2021 | By Mel Williams Irrevocable Trust | F1, F2, F3, F6 | |||
| transaction | PX | Class A Common Stock | Sale | -$4.08M | -340K | -100% | $12.00 | 0 | Nov 18, 2021 | By Mel Williams Irrevocable Trust | F1, F6 |
| transaction | PX | Class A Common Stock | Conversion of derivative security | +6.88K | 6.88K | Nov 18, 2021 | By TrueBridge Ascent LLC | F1, F2, F3, F7 | |||
| transaction | PX | Class A Common Stock | Sale | -$82.6K | -6.88K | -100% | $12.00 | 0 | Nov 18, 2021 | By TrueBridge Ascent LLC | F1, F7 |
| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | PX | Class B Common Stock | Conversion of derivative security | -4.15K | -3.81% | 105K | Nov 18, 2021 | Class A Common Stock | 4.15K | By MAW Management Co. | F1, F2, F3, F4 | |||
| transaction | PX | Class B Common Stock | Conversion of derivative security | -344K | -3.81% | 8.69M | Nov 18, 2021 | Class A Common Stock | 344K | By TrueBridge Colonial Fund | F1, F2, F3, F5 | |||
| transaction | PX | Class B Common Stock | Conversion of derivative security | -340K | -3.81% | 8.59M | Nov 18, 2021 | Class A Common Stock | 340K | By Mel Williams Irrevocable Trust | F1, F2, F3, F6 | |||
| transaction | PX | Class B Common Stock | Conversion of derivative security | -6.88K | -3.81% | 174K | Nov 18, 2021 | Class A Common Stock | 6.88K | By TrueBridge Ascent LLC | F1, F2, F3, F7 |
| Id | Content |
|---|---|
| F1 | This Form 4 is being filed by Edwin Poston and Mel Williams (collectively, the "Reporting Persons"). The Reporting Persons are members of a Section 13(d) group that collectively beneficially owns more than 10% of the Issuer's Common Stock. Each of the Reporting Persons disclaims beneficial ownership of the securities of the Issuer reported herein, except to the extent of his pecuniary interest therein, and the filing of this Form 4 shall not be construed as an admission that the Reporting Persons are beneficial owners of the securities of the Issuer reported herein. |
| F2 | Holders of Class B Common Stock may elect to convert such shares on a one-for-one basis into Class A Common Stock at any time. After a Sunset (as defined below) becomes effective, each share of Class B Common Stock will automatically convert into Class A Common Stock. |
| F3 | Continued from Footnote 2: A "Sunset" is triggered by any of the earlier of the following: (i) the Sunset Holders (as defined in the amended and restated certificate of incorporation of the Issuer (the "Charter")) cease to maintain direct or indirect beneficial ownership of 10% of the outstanding shares of Class A Common Stock (determined assuming all outstanding shares of Class B Common Stock have been converted into Class A Common Stock), (ii) the Sunset Holders collectively cease to maintain direct or indirect beneficial ownership of at least 25% of the aggregate voting power of the outstanding shares of Common Stock, and (iii) upon the tenth anniversary of the effective date of the Charter. On November 18, 2021, each Reporting Person directed the sale of shares of Class B Common Stock, as reported herein, resulting in the automatic conversion of the shares into Class A Common Stock upon execution of the sale. |
| F4 | Represents securities of the Issuer owned directly by MAW Management Co. ("MAW Management"). Mr. Williams, as the manager of MAW Management, may be deemed to beneficially own the securities of the Issuer owned directly by MAW Management. |
| F5 | Represents securities of the Issuer owned directly by the TrueBridge Colonial Fund (the "TrueBridge Fund"). First Republic Trust Company of Delaware, as trustee of the TrueBridge Fund, may be deemed to beneficially own the securities of the Issuer owned directly by the TrueBridge Fund. |
| F6 | Represents securities of the Issuer owned directly by the Mel Williams Irrevocable Trust (the "Mel Trust"). Alliance Trust Company, as trustee of the Mel Trust, may be deemed to beneficially own the securities of the Issuer owned directly by the Mel Trust. |
| F7 | Represents securities of the Issuer owned directly by TrueBridge Ascent LLC ("TrueBridge LLC"). Mr. Poston, as manager of TrueBridge LLC, may be deemed to beneficially own the securities of the Issuer owned directly by TrueBridge LLC. |