Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
transaction | U | Common Stock | Sale | -$500K | -12.5K | -0.14% | $40.00 | 9.1M | Sep 6, 2023 | See Footnote | F1, F2 |
holding | U | Common Stock | 10.3K | Sep 6, 2023 | Direct | F3 |
Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.
Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).
Id | Content |
---|---|
F1 | The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $40.0000 to $40.0050, 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 range set forth in this Form 4. |
F2 | By investment vehicles owned and controlled by Mr. Helgason. |
F3 | Represents restricted stock units granted to the Reporting Person. The shares subject to this award vest in full on the earlier of (i) June 7, 2024 and (ii) the date of the Issuer's next annual meeting of stockholders, subject to the Reporting Person's continued service through such date. |