Insider Trading Arrangements

3 Months Ended

Dec. 31, 2023

shares

Trading Arrangements, by Individual

Material Terms of Trading Arrangement

During the quarter ended December 31, 2023, the following directors and officers, as defined in Rule 16a-1(f) of the Exchange Act, adopted a “Rule 10b5-1 trading arrangement” as defined in Regulation S-K Item 408, as follows:

On December 15, 2023, Soroush Salehian, our Chief Executive Officer and a member of our Board of Directors, adopted a Rule 10b5-1 trading arrangement that is intended to satisfy the affirmative defense conditions of Exchange Act Rule 10b5-1(c) (a “Rule 10b5-1 Trading Plan”). Mr. Salehian’s Rule 10b5-1 Trading Plan provides for the sale of up to 4,000,000 shares of our Common Stock from the third business day after filing of the annual report on Form 10-K for the year ended December 31, 2023, until February 25, 2025, or earlier if all transactions under the trading arrangement are completed.

On December 15, 2023, Mina Rezk, our Chief Technology Officer and a Chairman of our Board of Directors, adopted a Rule 10b5-1 Trading Plan. Mr. Rezk’s Rule 10b5-1 Trading Plan provides for the sale of up to 4,650,000 shares of our Common Stock from June 17, 2024 until April 18, 2025, or earlier if all transactions under the trading arrangement are completed.

On March 11, 2024, we announced a 1-for-5 reverse stock split of our outstanding shares of common stock expected to be effective as of March 18, 2024, at approximately 4:01 p.m. Eastern Time.

Soroush Salehian [Member]

Trading Arrangements, by Individual

Name

Soroush Salehian

Title

Chief Executive Officer and a member of our Board of Directors

Rule 10b5-1 Arrangement Adopted

true

Adoption Date

December 15, 2023

Aggregate Available

4,000,000

Mina Rezk [Member]

Trading Arrangements, by Individual

Name

Mina Rezk

Title

Chief Technology Officer and a Chairman of our Board of Directors

Rule 10b5-1 Arrangement Adopted

true

Adoption Date

December 15, 2023

Aggregate Available

4,650,000