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Shareholder’s Equity (Tables)
6 Months Ended
Jun. 30, 2019
Shareholders' Equity  
Schedule of voting and economic rights of common stockholders

The voting and economic rights associated with the Company’s classes of common stock are summarized in the following table:

 

 

 

 

 

 

 

Class of Common Stock

    

Holders

    

Voting rights*

    

Economic rights

 

 

 

 

 

 

 

Class A common stock

 

Public, MDP, Executive Officers, and Current and Former Employees

 

One vote per share

 

Yes

Class B common stock

 

Blueapple

 

15.9%

 

No

Class C common stock

 

Executive Officers

 

3.5 votes per share, subject to aggregate cap

 

No

Class D common stock

 

MDP and Current and Former Employees

 

One vote per share

 

No

 

*Subject to certain ownership requirements, on the third anniversary of the consummation of the IPO, the voting rights of the Company’s Class B common stock will cease and each share of the Company’s Class C common stock will automatically convert into a share of the Company’s Class D common stock.