Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
transaction | ZIP | Class A Common Stock | Sale | -$78.4K | -5.51K | -2.78% | $14.23 | 193K | Feb 20, 2024 | See footnote | F1, F2, F3 |
holding | ZIP | Class A Common Stock | 176K | Feb 20, 2024 | Direct | 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 transactions reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on September 12, 2023. |
F2 | The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $14.05 to $14.20 per share, 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 within the range set forth herein. |
F3 | These shares are held of record by the Yarbrough Family Trust, dated March 23, 2017, a living trust, of which the Reporting Person is co-trustee. |
F4 | Includes 812 shares of Class A Common Stock acquired by the Reporting Person on February 14, 2024 pursuant to the Issuer's employee stock purchase plan. |