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Insider Trading Arrangements | 3 Months Ended
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Oct. 31, 2025 shares
Trading Arrangements, by Individual |
Material Terms of Trading Arrangement | During our last fiscal quarter, our directors and officers (as defined in Rule 16a-1(f) under the Exchange Act) adopted or terminated the contracts, instructions or written plans for the purchase or sale of the Company’s securities set forth in the table below.
|  |  | Type of Trading Arrangement |  |
Name and Position | Action | Adoption/ Termination Date | Rule 10b5-1* | Non- Rule 10b5-1** | Total Shares of Class A Common Stock to be Sold | Expiration Date
Rory Read, President & Chief Executive Officer | Adoption | October 15, 2025 | X |  | 812,250(1) | June 15, 2026
Jacob Scott, General Counsel & Corporate Secretary | Adoption | October 15, 2025 | X |  | 276,415(2) | December 31, 2026
* Contract, instruction or written plan intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) under the Exchange Act.
** “Non-Rule 10b5-1 trading arrangement” as defined in Item 408(c) of Regulation S-K under the Exchange Act.
(1) Includes up to 812,250 shares subject to restricted stock units (“RSUs”) previously granted to Mr. Read that will vest and be released to Mr. Read on or prior to December 15, 2025. The actual number of shares to be sold under the Rule 10b5-1 trading arrangement will be determined, in part, based on a cap on the net proceeds from their sale and is not determinable at this time.
(2) Includes (i) up to 50,455 shares that may have been previously sold pursuant to Mr. Scott’s Rule 10b5-1 trading arrangement adopted on March 21, 2025, which expires on December 31, 2025, (ii) 29,858 shares acquired from previously vested RSUs, (iii) 11,104 shares previously acquired pursuant to our employee stock purchase program (our “ESPP”) and (iv) up to 184,998 shares subject to RSUs previously granted to Mr. Scott that will vest and be released to Mr. Scott on or prior to December 15, 2026. The actual number of shares underlying such RSUs that will be released to Mr. Scott and sold under the Rule 10b5-1 trading arrangement will be net of the number of shares withheld to satisfy tax withholding obligations arising from the vesting of such shares and is not determinable at this time. The actual number of shares to be sold under the Rule 10b5-1 trading arrangement also will include an undeterminable number of shares to be sold resulting from future purchases made pursuant to our ESPP.
Non-Rule 10b5-1 Arrangement Adopted | false
Rule 10b5-1 Arrangement Terminated | false
Non-Rule 10b5-1 Arrangement Terminated | false
Rory Read [Member] |
Trading Arrangements, by Individual |
Name | Rory Read,
Title | President & Chief Executive Officer
Rule 10b5-1 Arrangement Adopted | true
Adoption Date | October 15, 2025
Expiration Date | June 15, 2026
Arrangement Duration | 243 days
Aggregate Available | 812,250
Jacob Scott [Member] |
Trading Arrangements, by Individual |
Name | Jacob Scott,
Title | General Counsel & Corporate Secretary
Rule 10b5-1 Arrangement Adopted | true
Adoption Date | October 15, 2025
Expiration Date | December 31, 2026
Arrangement Duration | 442 days
Aggregate Available | 276,415

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