| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | HCP | Class A Common Stock | Sale | $38,940 | -1,873 | -4.7% | $20.79 | 37,709 | 20 Oct 2023 | Direct | F1 |
| holding | HCP | Class A Common Stock | 1,672,000 | 20 Oct 2023 | See footnote | F2 | |||||
| holding | HCP | Class A Common Stock | 90,440 | 20 Oct 2023 | See footnote | F3 | |||||
| holding | HCP | Class A Common Stock | 281,994 | 20 Oct 2023 | See footnote | 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 | The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on July 21, 2023. |
| F2 | The shares are held of record by the Armon Dadgar 2020 Charitable Trust. |
| F3 | The shares are held of record by Black Swan III, LLC which the reporting person controls. |
| F4 | The shares are held of record by the Armon Memaran-Dadgar Living Trust for which the reporting person serves as trustee. |