| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | S | Class B Common Stock | Gift | $0 | -75.6K | -1.78% | $0.00 | 4.17M | Dec 27, 2023 | Class A Common Stock | 75.6K | Direct | F1, F2, F3 | |
| transaction | S | Employee Stock Option (right to buy) | Options Exercise | $0 | -222K | -60.09% | $0.00 | 147K | Dec 28, 2023 | Class B Common Stock | 222K | $1.20 | Direct | F4 |
| transaction | S | Class B Common Stock | Options Exercise | $0 | +222K | +5.31% | $0.00 | 4.39M | Dec 28, 2023 | Class A Common Stock | 222K | Direct | F1, F2 | |
| holding | S | Class B Common Stock | 424K | Dec 27, 2023 | Class A Common Stock | 424K | By Trust | F1, F2, F5 |
| Id | Content |
|---|---|
| F1 | Each share of Class B common stock is convertible into one share of Class A common stock at any time and will convert automatically upon certain transfers and upon the earliest of (i) the date specified by a vote of the holders of 66 2/3% of the then outstanding shares of Class B common stock, (ii) seven years from the effective date of the Issuer's initial public offering ("IPO"), (iii) the first date following the IPO on which the number of shares of outstanding Class B common stock (including shares of Class B common stock subject to outstanding stock options) held by the reporting person, including certain entities that the reporting person controls, is less than 25% of the number of shares of Class B common stock (including shares of Class B common stock subject to outstanding stock options) that the reporting person originally held as of the date of the IPO, |
| F2 | (continued from footnote 2) (iv) the date fixed by the Issuer's board of directors (the "Board"), following the date the reporting person is no longer providing services to the Issuer as an officer, employee, consultant or member of the Board, (v) the date fixed by the Board following the date, if applicable, on which the reporting person is terminated for cause, as defined in the Issuer's restated certificate of incorporation, and (vi) the date that is 12 months after the reporting person's death or disability, as those terms are defined in the Issuer's restated certificate of incorporation. |
| F3 | The reported disposition represents a bona fide gift by the Reporting Person to the Weingarten Foundation, a California non-profit public benefit corporation. |
| F4 | This stock option is fully vested and exercisable. |
| F5 | These securities are held by a trust over whose trustee the Reporting Person can exercise remove and replace powers. The Reporting Person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein, if any. |