| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | ZIP | Class A Common Stock | Conversion of derivative security | $0 | +25.4K | +10.69% | $0.00 | 263K | Jun 15, 2021 | Direct | F1, F2 |
| transaction | ZIP | Class A Common Stock | Sale | -$270K | -12.9K | -4.88% | $21.00 | 250K | Jun 15, 2021 | Direct | F3 |
| holding | ZIP | Class A Common Stock | 1.37M | Jun 15, 2021 | See Footnote | F4 |
| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | ZIP | Restricted Stock Units | Options Exercise | -11.3K | -9.09% | 113K | Jun 15, 2021 | Class B Common Stock | 11.3K | Direct | F5, F6 | |||
| transaction | ZIP | Restricted Stock Units | Options Exercise | -14.2K | -6.67% | 199K | Jun 15, 2021 | Class B Common Stock | 14.2K | Direct | F5, F7, F8 | |||
| transaction | ZIP | Class B Common Stock | Options Exercise | +25.4K | 25.4K | Jun 15, 2021 | Class A Common Stock | 25.4K | Direct | F2 | ||||
| transaction | ZIP | Class B Common Stock | Conversion of derivative security | -25.4K | -100% | 0 | Jun 15, 2021 | Class A Common Stock | 25.4K | Direct | F1, F2 |
| Id | Content |
|---|---|
| F1 | Represents the conversion of Class B Common Stock held of record by the Reporting Person into Class A Common Stock. |
| F2 | Each share of Class B Common Stock is convertible into one share of Class A Common Stock at the option of the holder and has no expiration date. |
| F3 | The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $20.70 to $21.00 per share, 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 footnote. |
| F4 | These shares are held of record by Zwelling Family LP. The Reporting Person is the general partner of Zwelling Family LP and may be deemed to have voting power and investment power over the securities held by Zwelling Family LP. |
| F5 | Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's Class B Common Stock upon settlement. |
| F6 | 25% of the total shares underlying the option vested on January 1, 2021, and the remainder will vest as to 1/16 of the total award in quarterly installments thereafter, subject to the Reporting Person's continued service to the Issuer on each vesting date. |
| F7 | Commencing on March 24, 2021, the RSUs shall vest upon satisfaction of two conditions while the recipient remains an employee or provider of services to the Issuer: (a) a time and service requirement satisfied as to 1/16 of the RSUs on each quarterly vesting date following the vesting commencement date; and (b) a liquidity event requirement satisfied on the earliest to occur of the first trading day following the expiration of the lockup period applicable to an IPO of the Issuer's equity securities pursuant to an effective registration statement, March 15 of the calendar year following the year in which an IPO occurs, or a change in control. |
| F8 | [continuation of fn7] The Issuer's Board of Directors has waived the Liquidity Event Requirement condition effective as of the earlier of (a) the first day of trading of the Issuer's Class A Common Stock on the New York Stock Exchange and (b) March 15, 2022. |