XML 38 R24.htm IDEA: XBRL DOCUMENT v3.26.1
Insider Trading Arrangements
 3 Months Ended 12 Months Ended
Dec. 22, 2025
Dec. 11, 2025
Dec. 31, 2025
Dec. 31, 2025
Trading Arrangements, by Individual [Table]        
Material Terms of Trading Arrangement [Text Block]      

Trading Plans

 

On December 11, 2025 and December 22, 2025, each of James Black, General Counsel, and Timothy Gray, Chief Financial Officer, respectively, entered into a “Rule 10b5-1 trading arrangement” (as defined in Item 408 of Regulation S-K), intended to satisfy the affirmative defense of Rule 10b5-1(c) of the Securities Exchange Act of 1934.  Each sales plan applies to previously awarded grants of time-based vesting restricted stock units (“RSUs”) and provides for the automatic sales of a specific percentage of shares following the settlement of vested RSUs in an amount sufficient to satisfy the applicable tax withholding obligation of such executive officer. The sale proceeds will be delivered to the Company in satisfaction of the withholding obligation.

 

On December 22, 2025, Mariam Sorond, Chief Executive Officer, entered into a Rule 10b5-1 trading arrangement intended to satisfy the affirmative defense of Rule 10b5-1(c) of the Securities Exchange Act of 1934. The sales plan applies to previously awarded grants of RSUs and performance-based vesting restricted stock units (“PSUs”) and provides for the automatic sales of a specific percentage of shares following the settlement of vested RSUs and PSUs in an amount sufficient to satisfy the applicable tax withholding obligation of Ms. Sorond. The sale proceeds will be delivered to the Company in satisfaction of the withholding obligation.

 

The exact number of shares that would be sold for withholding purposes under each of the described plans currently is unknown as that number will vary based on the market price of Company common stock on the vesting date and other factors. The sales plans for both Mr. Black and Mr. Gray expire on December 31, 2026. Ms. Sorond’s plan expires on March 31, 2027.

 

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 December 31, 2025.
Rule 10b5-1 Arrangement Adopted [Flag]     false  
Non-Rule 10b5-1 Arrangement Adopted [Flag]     false  
Non-Rule 10b5-1 Arrangement Terminated [Flag]     false  
Rule 10b5-1 Arrangement Terminated [Flag]     false  
James Black [Member]        
Trading Arrangements, by Individual [Table]        
Trading Arrangement Adoption Date   December 11, 2025    
Trading Arrangement, Individual Name   James Black    
Trading Arrangement, Individual Title   General Counsel    
Rule 10b5-1 Arrangement Adopted [Flag]   true    
Trading Arrangement Expiration Date   December 31, 2026    
Timothy Gray [Member]        
Trading Arrangements, by Individual [Table]        
Trading Arrangement Adoption Date December 22, 2025      
Trading Arrangement, Individual Name Timothy Gray      
Trading Arrangement, Individual Title Chief Financial Officer      
Rule 10b5-1 Arrangement Adopted [Flag] true      
Trading Arrangement Expiration Date December 31, 2026      
Mariam Sorond [Member]        
Trading Arrangements, by Individual [Table]        
Trading Arrangement Adoption Date December 22, 2025      
Trading Arrangement, Individual Name Mariam Sorond      
Trading Arrangement, Individual Title Chief Executive Officer      
Rule 10b5-1 Arrangement Adopted [Flag] true      
Trading Arrangement Expiration Date March 31, 2027