Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
transaction | S | Class A Common Stock | Sale | -$186K | -12.7K | -2.12% | $14.67 | 586K | Jul 6, 2023 | Direct | F1, F2, F3 |
Id | Content |
---|---|
F1 | The sale reported on this Form 4 represents an Issuer mandated sale by the Reporting Person to cover tax withholding obligations in connection with the vesting and settlement of Restricted Stock Units, and it does not represent a discretionary trade by the Reporting Person. Pursuant to the Issuer's equity incentive plan, an award recipient's tax withholding obligations must be funded by a "sell to cover" transaction. |
F2 | Includes 1,882 shares acquired pursuant to the Issuer's Employee Stock Purchase Plan on July 5, 2023 in a transaction that was exempt under Rules 16b-3(c) and 16b-3(d). |
F3 | Certain of the shares are subject to forfeiture to the Issuer if underlying vesting conditions are not met. |