Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
transaction | NET | Employee Stock Option (right to buy) | Options Exercise | $0 | -3K | -3.97% | $0.00 | 72.5K | Oct 2, 2024 | Class B Common Stock | 3K | $2.04 | Direct | F1, F3 |
transaction | NET | Class B Common Stock | Options Exercise | $0 | +3K | +4.24% | $0.00 | 73.7K | Oct 2, 2024 | Class A Common Stock | 3K | Direct | F1 | |
transaction | NET | Class B Common Stock | Conversion of derivative security | $0 | -3K | -4.07% | $0.00 | 70.7K | Oct 2, 2024 | Class A Common Stock | 3K | Direct | F1 |
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 | Each share of Class B Common Stock is convertible at any time into Class A Common Stock on a one-to-one basis at the reporting person's election and has no expiration date. |
F2 | The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 29, 2023. |
F3 | Shares subject to the option are fully vested and immediately exercisable. |