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 made pursuant to a 10b5-1 plan adopted April 8, 2024, in multiple transactions at prices ranging from $19.41192 to $19.482 per share. The reported price of $19.4179 is the weighted average price of the sales. |
| F2 | The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of their beneficial ownership for purposes of Section 16 or for any other purpose. |
| F3 | The sales were made pursuant to a 10b5-1 plan adopted April 8, 2024, in multiple transactions at prices ranging from $19.51 to $19.70055 per share. The reported price of $19.6283 is the weighted average price of the sales. The Reporting Person undertakes to provide, upon request by the staff of the SEC, the issuer, or a security holder of the issuer, full information regarding each transaction. |
| F4 | Ms. Zhang is married to the reporting person. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of their beneficial ownership for purposes of Section 16 or for any other purpose. |