| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | ZIP | Class A Common Stock | Options Exercise | $0 | +19.6K | +1.83% | $0.00 | 1.09M | Dec 15, 2023 | Direct | |
| transaction | ZIP | Class A Common Stock | Conversion of derivative security | $0 | +18.4K | +1.69% | $0.00 | 1.11M | Dec 15, 2023 | Direct | F1 |
| transaction | ZIP | Class A Common Stock | Tax liability | -$292K | -20.3K | -1.83% | $14.42 | 1.09M | Dec 15, 2023 | Direct | F2 |
| transaction | ZIP | Class A Common Stock | Sale | -$160K | -11.5K | -1.06% | $13.92 | 1.08M | Dec 18, 2023 | Direct | F3, 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 | -6.25K | -12.5% | 43.8K | Dec 15, 2023 | Class A Common Stock | 6.25K | Direct | F5, F6, F7 | |||
| transaction | ZIP | Restricted Stock Units | Options Exercise | -13.3K | -7.69% | 160K | Dec 15, 2023 | Class A Common Stock | 13.3K | Direct | F5, F7, F8 | |||
| transaction | ZIP | Restricted Stock Units | Options Exercise | -6.78K | -100% | 0 | Dec 15, 2023 | Class B Common Stock | 6.78K | Direct | F7, F9, F10 | |||
| transaction | ZIP | Restricted Stock Units | Options Exercise | -11.6K | -20% | 46.5K | Dec 15, 2023 | Class B Common Stock | 11.6K | Direct | F7, F9, F11 | |||
| transaction | ZIP | Class B Common Stock | Options Exercise | +18.4K | 18.4K | Dec 15, 2023 | Class A Common Stock | 18.4K | Direct | F12 | ||||
| transaction | ZIP | Class B Common Stock | Conversion of derivative security | -18.4K | -100% | 0 | Dec 15, 2023 | Class A Common Stock | 18.4K | Direct | F1, F12 |
| Id | Content |
|---|---|
| F1 | Represents the conversion of Class B Common Stock into Class A Common Stock. |
| F2 | Exempt transaction pursuant to Section 16b-3(e) - payment of exercise price or tax liability by delivering or withholding securities incident to the receipt, exercise or vesting of a security issued in accordance with Rule 16b-3. All of the shares reported as disposed of in this Form 4 were relinquished by the Reporting Person and cancelled by the Issuer in exchange for the Issuer's agreement to pay federal and state tax withholding obligations of the Reporting Person resulting from the vesting of restricted stock units (the "RSUs"). The Reporting Person did not sell or otherwise dispose of any of the shares reported on this Form 4 for any reason other than to cover required taxes. |
| F3 | The reported transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 13, 2022. |
| F4 | Represents the weighted average sale price. The lowest price at which shares were sold was $13.84 and the highest price at which shares were sold was $14.03. The Reporting Person undertakes to provide upon request to the staff of the Securities and Exchange Commission, the Issuer or its stockholders, full information regarding the total number of shares sold at each separate price within the range set forth herein. |
| F5 | Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock upon settlement. |
| F6 | The RSUs vest and are scheduled to settle as to 1/16 of the total shares quarterly beginning on March 15, 2022 until fully vested, subject to the Reporting Person's continued service to the Issuer on each vesting date. |
| F7 | RSUs do not expire; they either vest or are canceled prior to vesting date. |
| F8 | The RSUs vest and are scheduled to settle as to 1/16 of the total shares quarterly beginning on March 15, 2023 until fully vested, subject to the Reporting Person's continued service to the Issuer on each vesting date. |
| F9 | Each RSU represents a contingent right to receive one share of the Issuer's Class B Common Stock upon settlement. |
| F10 | The RSUs vested as to 25% of the total shares on January 1, 2021, and then 6.25% of the total shares vest quarterly thereafter, subject to the Reporting Person's continued service to the Issuer on each vesting date. |
| F11 | The RSUs vest and are scheduled to settle as of 1/16 of the total shares quarterly beginning on January 1, 2021 until fully vested, subject to the Reporting Person's continued service to the Issuer on each vesting date. |
| F12 | 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. |