Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
transaction | SPT | Class A Common Stock | Sale | -$585K | -11.1K | -2.31% | $52.62 | 470K | Sep 5, 2023 | Direct | F1, F2, F3 |
transaction | SPT | Class A Common Stock | Sale | -$295K | -5.6K | -2.3% | $52.66 | 237K | Sep 5, 2023 | See Footnote | F4, F5, F6 |
Id | Content |
---|---|
F1 | Shares sold pursuant to an irrevocable election made on November 21, 2022, in conformity with the requirements of Rule 10b5-1 for the purpose of covering tax obligations upon settlement of restricted stock units ("RSUs"). |
F2 | After giving effect to the transaction reported herein, the total reported in column 5 includes: (1) 16,875 reported RSUs which vest in 3 equal quarterly installments beginning on December 1, 2023; (2) 37,500 reported RSUs which vest in 5 equal quarterly installments beginning on December 1, 2023; (3) 22,500 reported RSUs which vest in 6 equal quarterly installments beginning on December 1, 2023; (4) 60,000 reported RSUs which vest in 8 equal quarterly installments beginning on December 1, 2023; (5) 37,500 reported RSUs which vest in 10 equal quarterly installments beginning on December 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. |
F3 | Each RSU represents the contingent right to receive one share of Class A Common Stock of the Issuer and does not expire. |
F4 | This transaction occurred under a 10b5-1 plan adopted by the Reporting Person on November 8, 2022. |
F5 | The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $52.02 to $52.86 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. |
F6 | This amount represents: (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) 177,375 shares of Issuer Class A Common Stock held by the Ryan Paul Barretto Revocable Trust, of which Mr. Barretto serves as the sole trustee. |