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Insider Trading Arrangements
9 Months Ended
Sep. 30, 2024
shares
Trading Arrangements, by Individual [Table]  
Material Terms of Trading Arrangement

Trading Plans

 

On August 14, 2024, Robert Lantz, Senior Vice President, General Counsel and Secretary, adopted a “Rule 10b5-1 trading arrangement” (as defined in Item 408 of Regulation S-K) intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) (a “10b5-1 trading plan”) under the Exchange Act of 1934, as amended (the “Exchange Act”). This 10b5-1 trading plan provides for the potential sale of up to 56,641 shares. Pursuant to its terms, this 10b5-1 trading plan is expected to remain in place until the earlier of (i) March 31, 2025 and (ii) the date on which all transactions under such plan are completed.


On August 29, 2024, Mariam Sorond, President, Chief Executive Officer and a Director, adopted a 10b5-1 trading plan. This 10b5-1 trading plan provides for the potential sale of 45% of the gross shares of common stock to be issued to Ms. Sorond upon the vesting and settlement of her restricted stock units (“RSUs”) with vesting dates of November 29, 2024, February 28, 2025, May 29, 2025, and August 29, 2025. The aggregate number of shares of common stock that will be available for sale under this 10b5-1 plan after vesting and settlement of her RSUs is 440,075 shares. Pursuant to its terms, this 10b5-1 trading plan is expected to remain in place until the earlier of (i) September 30, 2025 and (ii) the date on which all transactions under such plan are completed.


On August 30, 2024, Christian Gates, Executive Vice President and Chief Financial Officer, adopted a 10b5-1 trading plan. This 10b5-1 trading plan provides for the potential sale of 45% of the gross shares of common stock to be issued to Mr. Gates upon the vesting and settlement of his RSUs with vesting dates of December 15, 2024, January 27, 2025, March 15, 2025, April 27, 2025, June 15, 2025, July 27, 2025, and September 15, 2025. The aggregate number of shares of common stock that will be available for sale under this 10b5-1 plan after vesting and settlement of his RSUs is 34,136 shares. Pursuant to its terms, this 10b5-1 trading plan is expected to remain in place until the earlier of (i) September 30, 2025 and (ii) the date on which all transactions under such plan are completed.


On August 30, 2024, Sammaad Shams, Chief Accounting Officer, adopted a Rule 10b5-1trading plan. This 10b5-1 trading plan provides for the potential sale of 40% of the gross shares of common stock to be issued to Mr. Shams upon the vesting and settlement of his RSUs with vesting dates of December 15, 2024, December 18, 2024, January 22, 2025, March 15, 2025, March 18, 2025, June 15, 2025, June 18, 2025, July 22, 2025, September 15, 2025 and September 18, 2025. The aggregate number of shares of common stock that will be available for sale under this 10b5-1 plan after vesting and settlement of his RSUs is 9,082 shares. Pursuant to its terms, this 10b5-1 trading plan is expected to remain in place until the earlier of (i) September 25, 2025 and (ii) the date on which all transactions under such plan are completed.


 No other officers (as defined in Rule 16a-1(f) of the Exchange Act) or directors adopted or terminated a “Rule 10b5-1 trading arrangement” or a “non-Rule 10b5-1 trading arrangement” (as such terms are defined in Item 408 of Regulation S-K) during the fiscal quarter ended September 30, 2024.

Rule 10b5-1 Arrangement Adopted false
Non-Rule 10b5-1 Arrangement Adopted false
Rule 10b5-1 Arrangement Terminated false
Non-Rule 10b5-1 Arrangement Terminated false
Robert Lantz [Member]  
Trading Arrangements, by Individual [Table]  
Name Robert Lantz
Title Senior Vice President, General Counsel and Secretary
Rule 10b5-1 Arrangement Adopted true
Adoption Date August 14, 2024
Aggregate Available 56,641
Mariam Sorond [Member]  
Trading Arrangements, by Individual [Table]  
Name Mariam Sorond
Title President, Chief Executive Officer and a Director
Rule 10b5-1 Arrangement Adopted true
Adoption Date August 29, 2024
Aggregate Available 440,075
Christian Gates [Member]  
Trading Arrangements, by Individual [Table]  
Name Christian Gates
Title Executive Vice President and Chief Financial Officer
Rule 10b5-1 Arrangement Adopted true
Adoption Date August 30, 2024
Aggregate Available 34,136
Sammaad Shams [Member]  
Trading Arrangements, by Individual [Table]  
Name Sammaad Shams
Title Chief Accounting Officer
Rule 10b5-1 Arrangement Adopted true
Adoption Date August 30, 2024
Aggregate Available 9,082