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Insider Trading Arrangements
3 Months Ended 6 Months Ended
Jun. 30, 2023
shares
Jun. 30, 2023
shares
Trading Arrangements, by Individual    
Material Terms of Trading Arrangement  
During the period from April 1, 2023, to June 30, 2023, our executive officers and directors adopted or terminated contracts, instructions or written plans for the purchase or sale of our securities as noted below:
Name and TitleActionDateTrading ArrangementTotal Shares Authorized
to be Sold
Expiration
Date
Rule 10b5-1*Non-Rule 10b5-1**
David W. BoyerAdopt5/31/2023X11,590 2/15/2024
(Chief Corporate Affairs Officer)
William H. RastetterAdopt5/31/2023X10,900 2/15/2024
(Chair of the Board of Directors)plus the Additional Sell
to Cover Shares
(as defined in footnote 1)
______________
* Intended to satisfy the affirmative defense of Rule 10b5-1(c)
** Not intended to satisfy the affirmative defense of Rule 10b5-1(c)
(1) Dr. Rastetter’s plan provides for the exercise of a vested stock option to purchase 20,000 shares (the “Vested Option”) and the associated sale of 10,900 shares plus an additional number of shares as reasonably estimated by a brokerage firm such that the net proceeds from all shares sold are sufficient to cover the exercise cost and taxes associated with the exercise of the Vested Option (the “Additional Sell to Cover Shares”).
David W. Boyer [Member]    
Trading Arrangements, by Individual    
Name David W. Boyer  
Title (Chief Corporate Affairs Officer)  
Rule 10b5-1 Arrangement Adopted true  
Non-Rule 10b5-1 Arrangement Adopted false  
Adoption Date 5/31/2023  
Rule 10b5-1 Arrangement Terminated false  
Non-Rule 10b5-1 Arrangement Terminated false  
Aggregate Available 11,590 11,590
William H. Rastetter [Member]    
Trading Arrangements, by Individual    
Name William H. Rastetter  
Title (Chair of the Board of Directors)  
Rule 10b5-1 Arrangement Adopted true  
Non-Rule 10b5-1 Arrangement Adopted false  
Adoption Date 5/31/2023  
Rule 10b5-1 Arrangement Terminated false  
Non-Rule 10b5-1 Arrangement Terminated false  
William H. Rastetter Trading Arrangement, Additional Sell [Member] | William H. Rastetter [Member]    
Trading Arrangements, by Individual    
Aggregate Available 10,900 10,900
William H. Rastetter Trading Arrangement, Vested Stock Option [Member] | William H. Rastetter [Member]    
Trading Arrangements, by Individual    
Aggregate Available 20,000 20,000