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Insider Trading Arrangements | 3 Months Ended
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Sep. 28, 2024
Trading Arrangements, by Individual |
Material Terms of Trading Arrangement | During the fiscal quarter ended September 28, 2024, the individual listed below serving as a director and officer (as defined in Rule 16a-1(f) of the Exchange Act) of the Company adopted a trading arrangement for the sale of the Company’s securities as described in Item 408 of Regulation S-K of the Securities Act. The material terms of the plan which are intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) of the Exchange Act (“Rule 10b5-1 Plan”), are as follows:
● | Marc Zandman, Executive Chairman of the Board of Directors and Chief Business Development Officer of the Company, adopted a Rule 10b5-1 Plan on September 7, 2024. Under this plan, the following shares may be sold:
| (i) | the number of shares of common stock acquired as a result of the vesting on January 1, 2025 of the Restricted Stock Units previously acquired by Mr. Zandman, net of any portion of such shares which are surrendered to the Company or sold to cover withholding taxes; and
| (ii) | the number of shares of common stock, if any, acquired as a result of the vesting in February 2025 of the Performance-Based Restricted Units previously acquired by Mr. Zandman, net of any portion of such shares which are surrendered to the Company or sold to cover withholding taxes.
Marc Zandman [Member] |
Trading Arrangements, by Individual |
Name | Marc Zandman
Title | Executive Chairman of the Board of Directors and Chief Business Development Officer of the Company
Rule 10b5-1 Arrangement Adopted | true
Non-Rule 10b5-1 Arrangement Adopted | false
Adoption Date | September 7, 2024
Rule 10b5-1 Arrangement Terminated | false
Non-Rule 10b5-1 Arrangement Terminated | false

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