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Insider Trading Arrangements | 3 Months Ended
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Dec. 31, 2025 shares
Trading Arrangements, by Individual |
Material Terms of Trading Arrangement | During the three months ended December 31, 2025, certain directors and officers of the Company adopted a "Rule 10b5-1 trading arrangement," as defined in Item 408(a) of Regulation S-K, as set forth in the table below:
| Action | Date | Trading Arrangement | Total Shares to be Sold(3) | Expiration Date
| Rule 10b5-1(1) | Non-Rule 10b5-1(2)
Lauren Freeman-Bosworth (Executive Vice President, General Counsel, and Corporate Secretary) | Adopt | October 31, 2025 | x |  | 42,199 (4) | December 31, 2026
Kurtis James Wolf (Chief Executive Officer) (5) | Adopt | November 10, 2025 | x |  | 6,000,000 | December 31, 2026
(1) Intended to satisfy the affirmative defense of Rule 10b5-1(c). (2) Not intended to satisfy the affirmative defense of Rule 10b5-1(c). (3) Represents the maximum number of shares that may be sold pursuant to the 10b5-1 trading arrangement. The actual number of shares sold will be dependent on the terms of, and the satisfaction of the conditions as set forth in, the written plan. (4) The Rule 10b5-1 trading arrangement includes the sale of shares to be received upon future vesting of certain outstanding equity awards, net of any shares withheld by us to satisfy applicable taxes. The number of shares to be withheld, and thus the exact number of shares to be sold pursuant to Ms. Freeman-Bosworth’s Rule 10b5-1 trading arrangement, can only be determined upon the occurrence of the future vesting events. For purposes of this disclosure, we have calculated the number of shares reported above based on the gross number of shares expected to be received upon the future vesting of such equity awards, before subtracting any shares to be withheld by us to satisfy applicable taxes in connection with such future vesting events. Accordingly, the actual number of shares eligible to be sold upon such vesting will be lower. (5) Shares are held directly by Hestia Capital Partners, LP (“Hestia Capital”) and ECA Fund, LP – Hestia. Mr. Wolf is the managing member of (a) Hestia Partners GP, the general partner of Hestia Capital and (b) Hestia Capital Management, LLC, the investment manager of Hestia Capital. The Rule 10b5-1 trading arrangement provides for sales split into two categories: sales based on time and escalating prices, and sales based solely on price. The number of shares to be sold is dependent on the satisfaction of certain conditions set forth in the written plan, including escalating price targets and Rule 144 volume limitations, among other parameters.
Non-Rule 10b5-1 Arrangement Adopted | false
Rule 10b5-1 Arrangement Terminated | false
Non-Rule 10b5-1 Arrangement Terminated | false
Lauren Freeman-Bosworth [Member] |
Trading Arrangements, by Individual |
Name | Lauren Freeman-Bosworth
Title | Executive Vice President, General Counsel, and Corporate Secretary
Rule 10b5-1 Arrangement Adopted | true
Adoption Date | October 31, 2025
Expiration Date | December 31, 2026
Arrangement Duration | 426 days
Aggregate Available | 42,199
Kurtis James Wolf [Member] |
Trading Arrangements, by Individual |
Name | Kurtis James Wolf
Title | Chief Executive Officer
Rule 10b5-1 Arrangement Adopted | true
Adoption Date | November 10, 2025
Expiration Date | December 31, 2026
Arrangement Duration | 416 days
Aggregate Available | 6,000,000

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