| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | IOT | Class A Common Stock | Sale | $1,051,990 | -29,509 | -5.5% | $35.65 | 510,412 | 19 Mar 2024 | See footnote | F1, F2, F3 |
| transaction | IOT | Class A Common Stock | Sale | $2,007,366 | -54,628 | -11% | $36.75 | 455,784 | 19 Mar 2024 | See footnote | F1, F3, F4 |
| transaction | IOT | Class A Common Stock | Conversion of derivative security | $0 | +344,118 | +76% | $0.000000 | 799,902 | 19 Mar 2024 | See footnote | F3 |
| transaction | IOT | Class A Common Stock | Gift | $0 | -344,118 | -43% | $0.000000 | 455,784 | 19 Mar 2024 | See footnote | F3 |
| transaction | IOT | Class A Common Stock | Sale | $427,367 | -11,863 | -2.6% | $36.03 | 443,921 | 20 Mar 2024 | See footnote | F1, F3, F5 |
| holding | IOT | Class A Common Stock | 1,703,391 | 19 Mar 2024 | Direct | F6 | |||||
| holding | IOT | Class A Common Stock | 19,200 | 19 Mar 2024 | See footnote | F7 | |||||
| holding | IOT | Class A Common Stock | 76,800 | 19 Mar 2024 | See footnote | F8 |
| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | IOT | Class B Common Stock | Conversion of derivative security | $0 | -344,118 | -0.42% | $0.000000 | 82,175,260 | 19 Mar 2024 | Class A Common Stock | 344,118 | $0.000000 | See footnote | F3, F9 |
| holding | IOT | Class B Common Stock | 4,078,571 | 19 Mar 2024 | Class A Common Stock | 4,078,571 | $0.000000 | See footnote | F7, F9 | |||||
| holding | IOT | Class B Common Stock | 17,004,964 | 19 Mar 2024 | Class A Common Stock | 17,004,964 | $0.000000 | See footnote | F8, F9 | |||||
| holding | IOT | Class B Common Stock | 790,328 | 19 Mar 2024 | Class A Common Stock | 790,328 | $0.000000 | See footnote | F9, F10 | |||||
| holding | IOT | Class B Common Stock | 250,000 | 19 Mar 2024 | Class A Common Stock | 250,000 | $0.000000 | See footnote | F9, F11 | |||||
| holding | IOT | Class B Common Stock | 250,000 | 19 Mar 2024 | Class A Common Stock | 250,000 | $0.000000 | See footnote | F9, F12 | |||||
| holding | IOT | Class B Common Stock | 250,000 | 19 Mar 2024 | Class A Common Stock | 250,000 | $0.000000 | See footnote | F9, F13 | |||||
| holding | IOT | Class B Common Stock | 250,000 | 19 Mar 2024 | Class A Common Stock | 250,000 | $0.000000 | See footnote | F9, F14 | |||||
| holding | IOT | Class B Common Stock | 1,286,597 | 19 Mar 2024 | Class A Common Stock | 1,286,597 | $0.000000 | See footnote | F9, F15 | |||||
| holding | IOT | Class B Common Stock | 790,328 | 19 Mar 2024 | Class A Common Stock | 790,328 | $0.000000 | See footnote | F9, F16 | |||||
| holding | IOT | Class B Common Stock | 295,466 | 19 Mar 2024 | Class B Common Stock | 295,466 | Direct | F9, F17, F18 |
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 were effected pursuant to a Rule 10b5-1 trading plan adopted on September 29, 2023 by SB and HB, Co-Trustees of the Biswas Family Trust u/a/d 7/13/2012, over which the Reporting Person has voting or investment power (the "Biswas Family Trust"). |
| F2 | The "Amount" and "Price" reported in this Column 4 reflect the aggregate number and weighted-average price, respectively, of shares sold. These shares were sold in multiple transactions at prices ranging from $35.195 to $36.17, inclusive. The Reporting Person undertakes to provide to the issuer, any security holder of the issuer, or the SEC staff, upon request, full information regarding the number of shares sold at each separate price within the range set forth herein. |
| F3 | Consists of shares held by the Biswas Family Trust. |
| F4 | The "Amount" and "Price" reported in this Column 4 reflect the aggregate number and weighted-average price, respectively, of shares sold. These shares were sold in multiple transactions at prices ranging from $36.20 to $36.995, inclusive. The Reporting Person undertakes to provide to the issuer, any security holder of the issuer, or the SEC staff, upon request, full information regarding the number of shares sold at each separate price within the range set forth herein. |
| F5 | The "Amount" and "Price" reported in this Column 4 reflect the aggregate number and weighted-average price, respectively, of shares sold. These shares were sold in multiple transactions at prices ranging from $35.83 to $36.285, inclusive. The Reporting Person undertakes to provide to the issuer, any security holder of the issuer, or the SEC staff, upon request, full information regarding the number of shares sold at each separate price within the range set forth herein. |
| F6 | These securities are restricted stock units (RSUs). Each RSU represents a contingent right to receive one share of Class A Common Stock, subject to the applicable vesting schedule and conditions of each RSU. |
| F7 | Consists of shares held by Jordan Park Trust Company, LLC, Trustee of The Biswas Trust I u/a/d 11/11/2021, over which the Reporting Person has voting or investment power. |
| F8 | Consists of shares held by Jordan Park Trust Company, LLC, Trustee of The Biswas Trust II u/a/d 10/14/2021, over which the Reporting Person has voting or investment power. |
| F9 | The Class B Common Stock is convertible at any time, at the holder's election, into Class A Common Stock on a 1:1 basis. |
| F10 | Consists of shares held by Sanjit Biswas, Trustee of the Sanjit Biswas 2023 Annuity Trust u/a/d 1/16/2023, over which the Reporting Person has voting or investment power. |
| F11 | Consists of shares held by Jordan Park Trust Company, LLC, Trustee of The Biswas Trust I-A u/a/d 11/11/2021, over which the Reporting Person has voting or investment power. |
| F12 | Consists of shares held by Jordan Park Trust Company, LLC, Trustee of The Biswas Trust I-A fbo REB u/a/d 11/11/2021, over which the Reporting Person has voting or investment power. |
| F13 | Consists of shares held by Jordan Park Trust Company, LLC, Trustee of The Biswas Trust I-A fbo NAmB u/a/d 11/11/2021, over which the Reporting Person has voting or investment power. |
| F14 | Consists of shares held by Jordan Park Trust Company, LLC, Trustee of The Biswas Trust I-A fbo NAlB u/a/d 11/11/2021, over which the Reporting Person has voting or investment power. |
| F15 | Consists of shares held by the Reporting Person's spouse. |
| F16 | Consists of shares held by HB, Trustee of the HB 2023 Annuity Trust u/a/d 1/16/2023, over which the Reporting Person has voting or investment power. |
| F17 | The reported shares represent RSUs, of which 126,628 shares shall vest on June 15, 2024 and the remaining shares vest in quarterly installments through December 15, 2024. |
| F18 | Each RSU represents a contingent right to receive one share of Class B Common Stock. |