| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | SPT | Class A Common Stock | Sale | -$303K | -6.66K | -2.51% | $45.55 | 259K | Jul 5, 2023 | See Footnote | F1, F2 |
| transaction | SPT | Class A Common Stock | Sale | -$211K | -4.54K | -1.76% | $46.43 | 254K | Jul 5, 2023 | See Footnote | F2, F3 |
| holding | SPT | Class A Common Stock | 481K | Jul 5, 2023 | Direct | F4, F5 |
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 reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $45.06 to $46.01 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or to the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. |
| F2 | After giving effect to the transactions reported herein: (i) 60,000 shares of Issuer Class A Common Stock held by the Ryan Paul Barretto 2020 Gift Trust, of which Mr. Barretto's spouse is the sole trustee; and (ii) 194,175 shares of Issuer Class A Common Stock held by the Ryan Paul Barretto Revocable Trust, of which Mr. Barretto serves as the sole trustee. |
| F3 | The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $46.09 to $46.76 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or to the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. |
| F4 | The total reported in Column 5 includes: (1) 22,500 reported Restricted Stock Units ("RSUs") which vest in 4 equal quarterly installments beginning on September 1, 2023; (2) 45,000 reported RSUs which vest in 6 equal quarterly installments beginning on September 1, 2023; (3) 26,250 reported RSUs which vest in 7 equal quarterly installments beginning on September 1, 2023; (4) 67,500 reported RSUs which vest in 9 equal quarterly installments beginning on September 1, 2023; (5) 41,250 reported RSUs which vest in 11 equal quarterly installments beginning on September 1, 2023; (6) 120,000 reported RSUs of which 25% will vest on March 1, 2024, with the remaining portion vesting in 12 equal quarterly installments beginning on June 1, 2024; and (7) 60,134 reported RSUs of which 25% will vest on March 1, 2024, with the remaining portion vesting in 12 equal quarterly installments beginning on June 1, 2024. |
| F5 | Each RSU represents the contingent right to receive one share of Class A Common Stock of the Issuer and does not expire. |
The transactions reported on this Form 4 occurred under a 10b5-1 plan adopted by the Reporting Person on November 8, 2022.