| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | S | Class A Common Stock | Conversion of derivative security | +62.5K | +6.51% | 1.02M | Dec 23, 2024 | Direct | F1, F2 | ||
| transaction | S | Class A Common Stock | Other | $0 | -62.5K | -6.11% | $0.00 | 960K | Dec 23, 2024 | Direct | F3 |
| transaction | S | Class A Common Stock | Conversion of derivative security | +159K | +16.57% | 1.12M | Dec 24, 2024 | Direct | F1, F2 |
| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | S | Class B Common Stock | Conversion of derivative security | $0 | -62.5K | -1.41% | $0.00 | 4.38M | Dec 23, 2024 | Class A Common Stock | 62.5K | Direct | F1, F2 | |
| transaction | S | Employee Stock Option (right to buy) | Other | $0 | -147K | -100% | $0.00 | 0 | Dec 23, 2024 | Class B Common Stock | 147K | $1.20 | Direct | F3, F4 |
| transaction | S | Class B Common Stock | Conversion of derivative security | $0 | -159K | -3.63% | $0.00 | 4.22M | Dec 24, 2024 | Class A Common Stock | 159K | Direct | F1, F2 | |
| holding | S | Class B Common Stock | 424K | Dec 23, 2024 | 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 1) (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 transaction represents a transfer of securities pursuant to a marital settlement agreement. |
| F4 | This stock option is fully vested and exercisable. |
| F5 | The securities reported in this row are held by an irrevocable trust over whose trustee the reporting person may 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. |