| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | SLVM | Common Stock | Tax liability | -$1.45M | -23.9K | -14.8% | $60.41 | 138K | Mar 1, 2024 | Direct | F1 |
| transaction | SLVM | Common Stock | Award | $0 | +31.6K | +22.94% | $0.00 | 169K | Mar 1, 2024 | Direct | F2 |
| transaction | SLVM | Common Stock | Sale | -$783K | -12.6K | -7.44% | $62.17 | 157K | Mar 4, 2024 | Direct | F3 |
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 | Represents shares withheld for taxes in connection with vesting of RSUs. The deemed disposition of the withheld shares is exempt pursuant to Rule 16b-3(e). |
| F2 | The reported securities represent time-based restricted stock units ("RSUs") that settle one-for-one in common stock upon vesting. The RSUs will vest, subject to the reporting person's continued service, one-third on each of March 1, 2025, March 1, 2026, and March 1, 2027. Accelerated vesting of a prorated number of the RSUs would occur, based upon length of service during the RSU vesting period and subject to the RSU award terms and conditions, upon employment termination resulting in severance rights, resulting from a business divestiture, or due to death, disability or retirement. |
| F3 | Sale pursuant to Rule 10b5-1 plan dated December 1, 2023. |