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Insider Trading Arrangements | 12 Months Ended
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Aug. 31, 2023 shares
Trading Arrangements, by Individual |
Material Terms of Trading Arrangement | On May 15, 2023, Sanjay Mehrotra, our President, Chief Executive Officer and Director, adopted a Rule 10b5-1 trading arrangement providing for the sale of an aggregate of up to 812,284 shares of our common stock, including up to 612,284 shares subject to outstanding stock options, which were granted in calendar 2017 and would otherwise expire in calendar 2025. The remaining shares subject to the trading arrangement are shares acquired by Mr. Mehrotra pursuant to our Restricted Stock Awards. The trading arrangement is intended to satisfy the affirmative defense in Rule 10b5-1(c). The first date that sales of any shares were permitted to be sold under the trading arrangement was August 14, 2023, and subsequent sales under the trading arrangement may occur on a regular basis for the duration of the trading arrangement until May 8, 2025, or earlier if all transactions under the trading arrangement are completed.
Name | Sanjay Mehrotra
Title | President, Chief Executive Officer and Director
Rule 10b5-1 Arrangement Adopted | true
Adoption Date | May 15, 2023
Termination Date | May 8, 2025
Aggregate Available | 812,284

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