| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | HCP | Class A Common Stock | Sale | -$1.11M | -38K | -2.04% | $29.30 | 1.82M | Aug 1, 2023 | See footnote | F1, F2, F3 |
| holding | HCP | Class A Common Stock | 90.4K | Aug 1, 2023 | See footnote | F4 | |||||
| holding | HCP | Class A Common Stock | 27.1K | Aug 1, 2023 | Direct | ||||||
| holding | HCP | Class A Common Stock | 282K | Aug 1, 2023 | See footnote | F5 |
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 sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on October 6, 2022. |
| F2 | The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $28.79 to $29.50, 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. |
| F3 | The shares are held of record by the Armon Dadgar 2020 Charitable Trust. |
| F4 | The shares are held of record by Black Swan III, LLC which the reporting person controls. |
| F5 | The shares are held of record by the Armon Memaran-Dadgar Living Trust for which the reporting person serves as trustee. |