| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | NOTE | Class A Common Stock | Sale | -$7.16K | -3.35K | -0.69% | $2.14 | 485K | Aug 31, 2023 | Direct | F1 |
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 sales reported on this Form 4 represent shares sold to satisfy the reporting person's tax obligations upon the vesting of 9,722 restricted stock units in a sell-to-cover transaction pursuant to a Rule 10b5-1 trading plan entered into by the reporting person and the Issuer. |
President and Chief Operating Officer