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Insider Trading Arrangements
3 Months Ended
Dec. 31, 2025
shares
Trading Arrangements, by Individual  
Material Terms of Trading Arrangement

ITEM 9B—OTHER INFORMATION

 

Rule 10b5-1 Trading Plans

 

During the three months ended December 31, 2025, none of the Company’s Section 16 officers or directors adopted or terminated contracts, instructions, or written plans for the purchase or sale of Company securities.

 

Due to an administrative oversight, two plans for the purchase and sale of the Company’s securities which are intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) under the Exchange Act (“Rule 10b5-1 Plan”) were adopted during the three months ended September 27, 2025 by a Director and a Section 16 officer of Company securities were not reported in the Form 10-Q filed with respect to such period. The details of such Rule 10b5-1 Plans are as follows:

 

Name Title Action Date
Adopted
Expiration
Date
Aggregate # of
Securities to be
Purchased/Sold
Amir P. Rosenthal (1) Director Adoption of Rule 10b5-1 Plan August 13, 2025 March 13, 2026 3,000
Timothy M. Lowney (2) Vice President of Operations Adoption of Rule 10b5-1 Plan August 12, 2025 May 13, 2026 2,537

 

(1) Amir P. Rosenthal., a director of the Company, entered into a Rule 10b5-1 Plan on August 13, 2025. Mr. Rosenthal’s Rule 10b5-1 Plan provides for the potential sale of up to 3,000 shares of the Company’s common stock. The Rule 10b5-1 Plan expires on March 13, 2026, or upon the earlier completion of all authorized transactions under such Rule 10b5-1 Plan.

 

(2) Timothy M. Lowney, an officer of the Company, entered into a Rule 10b5-1 Plan on August 12, 2025. Mr. Lowney’s Rule 10b5-1 Plan provides for the potential sale of up to 2,537 shares of the Company’s common stock. The Rule 10b5-1 Plan expires on November 14, 2025, or upon the earlier completion of all authorized transactions under such Rule 10b5-1 Plan.

 

None of the Company’s directors or Section 16 officers adopted or terminated a “non-Rule 10b5-1 trading arrangement” as defined in Item 408 of Regulation S-K during the three months ended December 31, 2025.

 

Non-Rule 10b5-1 Arrangement Adopted false
Rule 10b5-1 Arrangement Terminated false
Non-Rule 10b5-1 Arrangement Terminated false
Amir P. Rosenthal [Member]  
Trading Arrangements, by Individual  
Name Amir P. Rosenthal
Title Director
Rule 10b5-1 Arrangement Adopted true
Adoption Date August 13, 2025
Expiration Date March 13, 2026
Aggregate Available 3,000
Timothy M. Lowney [Member]  
Trading Arrangements, by Individual  
Name Timothy M. Lowney
Title Vice President of Operations
Rule 10b5-1 Arrangement Adopted true
Adoption Date August 12, 2025
Expiration Date May 13, 2026
Aggregate Available 2,537