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Insider Trading Arrangements
3 Months Ended 9 Months Ended
Sep. 30, 2023
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Sep. 30, 2023
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Trading Arrangements, by Individual    
Material Terms of Trading Arrangement   On September 8, 2023, Daniel Gallagher, our Chief Legal, Compliance, and Corporate Affairs Officer adopted a “Rule 10b5-1 trading arrangement” (as defined in Item 408(a) of Regulation S-K) intended to satisfy the affirmative defense of Rule 10b5-1(c) under the Exchange Act pursuant to which he may sell up to 100,000 shares of our Class A common stock on or prior to December 20, 2024. RSUs convert into Class A common stock on a one-for-one basis upon vesting and settlement.
On September 11, 2023, Vlad Tenev, our Chair, Chief Executive Officer, Co-Founder and President, adopted a “Rule 10b5-1 trading arrangement” (as defined in Item 408(a) of Regulation S-K) intended to satisfy the affirmative defense of Rule 10b5-1(c) under the Exchange Act pursuant to which he may sell up to 4,000,000 shares of our Class A common stock on or prior to November 29, 2024. RSUs convert into Class A common stock on a one-for-one basis upon vesting and settlement.
On September 13, 2023, The Baiju Prafulkumar Bhatt Living Trust dated 11/30/17, for which Baiju Bhatt, our Chief Creative Officer, Co-Founder and a member of our Board of Directors, serves as sole trustee, adopted a “Rule 10b5-1 trading arrangement” (as defined in Item 408(a) of Regulation S-K) intended to satisfy the affirmative defense of Rule 10b5-1(c) under the Exchange Act pursuant to which he may sell up to 5,208,868 shares of our Class A common stock on or prior to December 10, 2024. RSUs convert into Class A common stock on a one-for-one basis upon vesting and settlement.
Non-Rule 10b5-1 Arrangement Adopted false  
Rule 10b5-1 Arrangement Terminated false  
Non-Rule 10b5-1 Arrangement Terminated false  
Daniel Gallagher [Member]    
Trading Arrangements, by Individual    
Name Daniel Gallagher  
Title Chief Legal, Compliance, and Corporate Affairs Officer  
Rule 10b5-1 Arrangement Adopted true  
Adoption Date September 8, 2023  
Arrangement Duration 469 days  
Aggregate Available 100,000 100,000
Vlad Tenev [Member]    
Trading Arrangements, by Individual    
Name Vlad Tenev  
Title Chair, Chief Executive Officer, Co-Founder and President  
Rule 10b5-1 Arrangement Adopted true  
Adoption Date September 11, 2023  
Arrangement Duration 445 days  
Aggregate Available 4,000,000 4,000,000
Baiju Bhatt [Member]    
Trading Arrangements, by Individual    
Name Baiju Bhatt  
Title Chief Creative Officer, Co-Founder and a member of our Board of Directors  
Rule 10b5-1 Arrangement Adopted true  
Adoption Date September 13, 2023  
Arrangement Duration 454 days  
Aggregate Available 5,208,868 5,208,868