| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | APLS | Common Stock | Sale | -$766K | -8.51K | -9.03% | $89.98 | 85.8K | Jul 3, 2023 | Direct | F1 |
| holding | APLS | Common Stock | 3.33K | Jul 3, 2023 | Indirect Owner (Custodial Account for Son) | F2 | |||||
| holding | APLS | Common Stock | 80.7K | Jul 3, 2023 | Indirect Owner (The David O. Watson Irrevocable Trust of 2023) | F3 | |||||
| holding | APLS | Common Stock | 6.67K | Jul 3, 2023 | Indirect Owner (The Watson Education Trust) | F4 |
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 | This is a scheduled sale from an established 10B5-1 trading plan. |
| F2 | This represents a custodial account held by the reporting person for the sole benefit of his minor son. |
| F3 | The securities are held by The David O. Watson Irrevocable Trust of 2023. William Zorn is the trustee of The David O. Watson Irrevocable Trust of 2023. The reporting person disclaims beneficial ownership over the shares held by The David O. Watson Irrevocable Trust of 2023 except to the extent of his pecuniary interest therein. |
| F4 | The securities are held by The Watson Education Trust (the "Trust"), for which the reporting person serves as trustee. The reporting person disclaims beneficial ownership over the shares held by the Trust except to the extent of his pecuniary interest therein. |