XML 55 R9.htm IDEA: XBRL DOCUMENT v3.25.0.1
Insider Trading Arrangements
 3 Months Ended
Dec. 31, 2024
shares
Trading Arrangements, by Individual  
Material Terms of Trading Arrangement

Rule 10b5-1 Trading Arrangements

On December 12, 2024, an entity affiliated with Chad Richison, Chief Executive Officer, President and Chairman of the Board of Directors, adopted a Rule 10b5-1 trading arrangement (the “Richison 10b5-1 Plan”) that is intended to satisfy the affirmative defense of Rule 10b5-1(c) of the Exchange Act. The Richison 10b5-1 Plan provides for the sale of up to 600,000 shares of common stock on behalf of the affiliated entity during the period beginning on the later of (i) March 13, 2025, and (ii) the third trading day following disclosure of the Company’s financial results on Form 10-K for the year ended December 31, 2024, and ending September 12, 2025, subject to earlier termination in accordance with the terms of the Richison 10b5-1 Plan and applicable laws, rules and regulations.

On December 12, 2024, Craig Boelte, Chief Financial Officer, adopted a Rule 10b5-1 trading arrangement (the “Boelte 10b5-1 Plan”) that is intended to satisfy the affirmative defense of Rule 10b5-1(c) of the Exchange Act. The Boelte 10b5-1 Plan provides for the sale of up to 20,000 shares of common stock on behalf of Mr. Boelte during the period beginning on the later of (i) March 13, 2025, and (ii) the third trading day following disclosure of the Company’s financial results on Form 10-K for the year ended December 31, 2024, and ending March 13, 2026, subject to earlier termination in accordance with the terms of the Boelte 10b5-1 Plan and applicable laws, rules and regulations.

On December 12, 2024, an entity affiliated with Brad Smith, Chief Information Officer, adopted a Rule 10b5-1 trading arrangement (the “Smith 10b5-1 Plan”) that is intended to satisfy the affirmative defense of Rule 10b5-1(c) of the Exchange Act. The Smith 10b5-1 Plan provides for the sale of up to 7,500 shares of common stock on behalf of the affiliated entity during the period beginning on the later of (i) March 13, 2025, and (ii) the third trading day following disclosure of the Company’s financial results on

Form 10-K for the year ended December 31, 2024, and ending March 13, 2026, subject to earlier termination in accordance with the terms of the Smith 10b5-1 Plan and applicable laws, rules and regulations.
Affiliated With Chad Richison [Member]  
Trading Arrangements, by Individual  
Name entity affiliated with Chad Richison
Title Chief Executive Officer, President and Chairman of the Board of Directors
Rule 10b5-1 Arrangement Adopted true
Adoption Date December 12, 2024
Rule 10b5-1 Arrangement Terminated true
Termination Date September 12, 2025
Arrangement Duration 184 days
Aggregate Available 600,000
Craig Boelte [Member]  
Trading Arrangements, by Individual  
Name Craig Boelte
Title Chief Financial Officer
Rule 10b5-1 Arrangement Adopted true
Adoption Date December 12, 2024
Rule 10b5-1 Arrangement Terminated true
Termination Date March 13, 2026
Arrangement Duration 366 days
Aggregate Available 20,000
Affiliated With Brad Smith [Member]  
Trading Arrangements, by Individual  
Name entity affiliated with Brad Smith
Title Chief Information Officer
Rule 10b5-1 Arrangement Adopted true
Adoption Date December 12, 2024
Rule 10b5-1 Arrangement Terminated true
Termination Date March 13, 2026
Arrangement Duration 366 days
Aggregate Available 7,500