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v3.23.3

Insider Trading Arrangements shares in Thousands | 6 Months Ended
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Sep. 30, 2023 shares
Trading Arrangements, by Individual |
Material Terms of Trading Arrangement | On August 1, 2023, MAK Capital One L.L.C. (“MAK Capital”) adopted a trading plan (the “Purchase Plan”) that is intended to satisfy the affirmative defense set forth in Rule 10b5-1(c)(1) promulgated under the Securities Exchange Act of 1934, as amended, to sell up to 867,728 shares of the Company’s common stock which represents 50% of the common shares issuable to MAK Capital upon the Company’s mandatory conversion of its outstanding 5.25% Series A Convertible Preferred Shares (“Convertible Preferred Shares”) , subject to the restrictions of Rule 144 of the Securities Act of 1933, as amended. The trading period of the Purchase Plan will not commence until the Company’s mandatory conversion of its Convertible Preferred Shares, the earliest date of which is November 24, 2023 and the Purchase Plan will terminate on May 1, 2024. No trading will occur under the Purchase Plan on November 24, 2023 and from December 18, 2023 to December 29, 2023. Michael A. Kaufman, a Director of the Company, is managing member of MAK Capital.
Name | Michael A. Kaufman
Title | Director
Rule 10b5-1 Arrangement Adopted | true
Adoption Date | August 1, 2023
Rule 10b5-1 Arrangement Terminated | true
Termination Date | May 1, 2024
Aggregate Available | 867,728

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