| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | NET | Class A Common Stock | Conversion of derivative security | +25,000 | +50% | 75,156 | 30 Aug 2021 | Direct | F1 | ||
| transaction | NET | Class A Common Stock | Gift | $0 | -25,000 | -33% | $0.000000 | 50,156 | 30 Aug 2021 | Direct | F2 |
| transaction | NET | Class A Common Stock | Conversion of derivative security | +20,000 | +40% | 70,156 | 31 Aug 2021 | Direct | F1 | ||
| transaction | NET | Class A Common Stock | Sale | $1,480,660 | -12,218 | -17% | $121.19 | 57,938 | 31 Aug 2021 | Direct | F3, F4 |
| transaction | NET | Class A Common Stock | Sale | $936,597 | -7,682 | -13% | $121.92 | 50,256 | 31 Aug 2021 | Direct | F3, F5 |
| transaction | NET | Class A Common Stock | Sale | $12,305 | -100 | -0.2% | $123.05 | 50,156 | 31 Aug 2021 | Direct | F3 |
| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | NET | Class B Common Stock | Conversion of derivative security | $0 | -25,000 | -8.8% | $0.000000 | 258,925 | 30 Aug 2021 | Class A Common Stock | 25,000 | Direct | F1 | |
| transaction | NET | Employee Stock Option (right to buy) | Options Exercise | $0 | -20,000 | -4.4% | $0.000000 | 434,058 | 31 Aug 2021 | Class B Common Stock | 20,000 | $1.95 | Direct | F1, F6 |
| transaction | NET | Class B Common Stock | Options Exercise | $0 | +20,000 | +7.7% | $0.000000 | 278,925 | 31 Aug 2021 | Class A Common Stock | 20,000 | Direct | F1 | |
| transaction | NET | Class B Common Stock | Conversion of derivative security | $0 | -20,000 | -7.2% | $0.000000 | 258,925 | 31 Aug 2021 | Class A Common Stock | 20,000 | Direct | F1 | |
| holding | NET | Class B Common Stock | 76,100 | 30 Aug 2021 | Class A Common Stock | 76,100 | See footnote | F1, F7 | ||||||
| holding | NET | Class B Common Stock | 76,100 | 30 Aug 2021 | Class A Common Stock | 76,100 | See footnote | F1, F8 | ||||||
| holding | NET | Class B Common Stock | 76,100 | 30 Aug 2021 | Class A Common Stock | 76,100 | See footnote | F1, F9 |
| Id | Content |
|---|---|
| F1 | Each share of Class B Common Stock is convertible at any time into Class A Common Stock on a one-to-one basis at the reporting person's election and has no expiration date. |
| F2 | The reported transaction represents a conversion of Class B Common Stock to Class A Common Stock on a one-to-one basis, followed by a gift of such shares of Class A Common Stock to a donor-advised fund. The remaining shares of Class B Common Stock and Class A Common Stock held by the Revocable Trust following such gift remain subject to the lock-up agreement with the representatives of the initial purchasers of the Company's 0% Convertible Senior Notes due 2026, issued on August 13, 2021. |
| F3 | The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 9, 2020. |
| F4 | The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $120.61 to $121.60, 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 ranges set forth in footnotes (4) and (5) to this Form 4. |
| F5 | The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $121.61 to $122.50, inclusive. |
| F6 | The option is subject to an early exercise provision and is immediately exercisable. One-fourth of the total shares vested on June 1, 2018 and the remaining shares vest in 36 equal monthly installments thereafter. |
| F7 | The shares are held of record by Center Court 2020 Trust 1 UA 12/11/20, for which the reporting person serves as trustee. |
| F8 | The shares are held of record by Center Court 2020 Trust 2 UA 12/11/20, for which the reporting person serves as trustee. |
| F9 | The shares are held of record by Center Court 2020 Trust 3 UA 12/11/20, for which the reporting person serves as trustee. |