| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | APG | Common Stock | Sale | -$5.58M | -150K | -2.51% | $37.21 | 5.83M | May 6, 2024 | by IGHA Holdings, LLLP | F1, F2, F3 |
| holding | APG | Common Stock | 1.66K | May 6, 2024 | By Mariposa Acquisition IV, LLC | F4 | |||||
| holding | APG | Common Stock | 28.1K | May 6, 2024 | By Ian G.H. Ashken Living Trust | F5 | |||||
| holding | APG | Common Stock | 200K | May 6, 2024 | See footnote | F6 |
| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| holding | APG | Series A Preferred Stock | 768K | May 6, 2024 | Common Stock | 768K | By Mariposa Acquisition IV, LLC | F4, F7 | ||||||
| holding | APG | Restricted Stock Units | 3.95K | May 6, 2024 | Common Stock | 3.95K | Direct | F8, F9 |
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 reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by IGHA Holdings, LLLP on November 29, 2023. |
| F2 | Represents the weighted average price of the shares sold on May 6, 2024. The prices of the shares sold pursuant to the transactions ranged from $36.82 to $37.53 per share. IGHA Holdings, LLLP, upon request, will provide the Securities and Exchange Commission staff, the Issuer or a security holder of the Issuer full information regarding the number of shares sold at each separate price. |
| F3 | The shares of Common Stock reported herein are held directly by IGHA Holdings, LLLP, the general partner of which is wholly-owned by The Ian G.H. Ashken Living Trust (the "Ashken Trust"), of which Mr. Ashken is the trustee and beneficiary. Mr. Ashken disclaims beneficial ownership of any shares except to the extent of his pecuniary interest therein. |
| F4 | The shares of Common Stock and Series A Preferred Stock are held directly by Mariposa Acquisition IV, LLC. IGHA Holdings, LLLP, the general partner of which is wholly-owned by The Ian G.H. Ashken Living Trust (the "Ashken Trust"), of which Mr. Ashken is the trustee and beneficiary, holds a limited liability company interest in Mariposa Acquisition IV, LLC and, as a result, may be deemed to have a pecuniary interest in 1,659 shares of Common Stock and 768,000 shares of Series A Preferred Stock held by Mariposa Acquisition IV, LLC. Mr. Ashken disclaims beneficial ownership of any shares except to the extent of his pecuniary interest therein. |
| F5 | The shares of Common Stock reported herein are held directly by the Ashken Trust, of which Mr. Ashken is the trustee and beneficiary. Mr. Ashken disclaims beneficial ownership of any shares except to the extent of his pecuniary interest therein. |
| F6 | Held jointly in an account by the Ashken Trust and the Nancy K. Ashken Living Trust. |
| F7 | The Series A Preferred Stock is convertible at any time at the election of the holder, on a one-for-one basis, into shares of Common Stock for no additional consideration. The Series A Preferred Stock shall automatically convert into Common Stock on the last day of the seventh full financial year of the Issuer following October 1, 2019 (or if such date is not a trading day, the first trading day immediately following such date). |
| F8 | Each restricted stock unit represents a contingent right to receive one share of the Issuer's Common Stock. |
| F9 | These restricted stock units vest on the earlier of (i) June 15, 2024, which is the one-year anniversary of the grant date and (ii) the date of the Issuer's 2024 annual meeting of stockholders. |