Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
holding | OS | Common Units | Jul 24, 2024 | Class D Common Stock | 424K | $0.00 | See footnote | F1, F2 | ||||||
holding | OS | Stock Option (right to buy) | Jul 24, 2024 | Class A Common Stock | 50K | $10.65 | Direct | F3 | ||||||
holding | OS | Stock Option (right to buy) | Jul 24, 2024 | Class A Common Stock | 128K | $20.00 | Direct | F4 |
Id | Content |
---|---|
F1 | The Common Units may be redeemed by the Reporting Person at any time on or following the closing of the Issuer's initial public offering for shares of Class D Common Stock on a 1:1 basis, and a corresponding number of shares of Class C Common Stock will be forfeited in connection with the redemption. The Common Units have no expiration date. The Class D Common Stock is in turn convertible at any time, at the holder's election, into Class A Common Stock on a 1:1 basis. Each outstanding share of Class D Common Stock will automatically convert into one share of Class A Common Stock on the first trading day following the seventh anniversary of the Issuer's initial public offering. |
F2 | The shares are held of record by the John E. Kinzer Trust. The Reporting Person has sole voting and dispositive power over the shares held by the John E. Kinzer Trust. |
F3 | One-fourth of the shares subject to the option vested on February 15, 2023, and 1/48th of the shares subject to the option shall vest each month thereafter, subject to the Reporting Person continuing to be a service provider through the applicable vesting date. |
F4 | One-sixteenth of the shares subject to the option shall vest October 23, 2024, and one-sixteenth of the shares subject to the option shall vest every three months thereafter, subject to the Reporting Person continuing to be a service provider through the applicable vesting date. |