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Insider Trading Arrangements | 3 Months Ended
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Mar. 31, 2026 shares
Trading Arrangements, by Individual |
Non-Rule 10b5-1 Arrangement Adopted | false
Non-Rule 10b5-1 Arrangement Terminated | false
Nnamdi Njoku [Member] |
Trading Arrangements, by Individual |
Material Terms of Trading Arrangement | During the three months ended March 31, 2026, Nnamdi Njoku, the Company’s Executive Vice President and Chief Operating Officer, adopted a new “Rule 10b5-1 trading arrangement” (as defined in Item 408(a) of Regulation S-K) on February 9, 2026, which is intended to satisfy the Rule 10b5-1(c) affirmative defense. Mr. Njoku’s trading plan is effective from May 15, 2026 until the earlier of: (1) February 16, 2027; or (2) the date on which all of the transactions under the trading plan are completed. The trading plan is intended to let Mr. Njoku sell up to 17,049 shares of common stock, which represents the gross amount of shares that will vest over the duration of the plan (shares that will actually be sold under the plan are net of tax withholding). None of the shares were sold and no other adjustments were made to the trading plan during the three months ended March 31, 2026.
Name | Nnamdi Njoku
Title | Executive Vice President and Chief Operating Officer
Rule 10b5-1 Arrangement Adopted | true
Adoption Date | February 9, 2026
Expiration Date | February 16, 2027
Arrangement Duration | 277 days
Aggregate Available | 17,049
Randall A. Lipps [Member] |
Trading Arrangements, by Individual |
Material Terms of Trading Arrangement | In addition, on February 23, 2026, Randall A. Lipps, the Company’s President, Chief Executive Officer, and Chairman of the Board of Directors, terminated a trading plan intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) under the Exchange Act, which was previously adopted on March 14, 2025 (the “Prior Plan”). The Prior Plan provided for the sale of certain shares of common stock held by Mr. Lipps as well as the exercise of certain options expiring on February 3, 2026. The Prior Plan would have expired on the earlier of: (1) September 30, 2026; or (2) the date on which all of the transactions under the trading plan are completed. Following termination of the Prior Plan, on February 25, 2026, Mr. Lipps adopted a new “Rule 10b5-1 trading arrangement” (as defined in Item 408(a) of Regulation S-K), which is intended to satisfy the Rule 10b5-1(c) affirmative defense. Mr. Lipps’ new trading plan is effective from May 28, 2026 until the earlier of: (1) March 1, 2027; or (2) the date on which all of the transactions under the trading plan are completed. Mr. Lipps entered into the new trading plan to include certain options that were previously excluded from the Prior Plan. The new trading plan is intended to let Mr. Lipps sell up to 10,000 shares of common stock and exercise and sell up to (a) 134,160 stock options expiring on February 8, 2027 and (b) 153,728 stock options expiring on February 6, 2028. None of the shares were sold, nor any options exercised and no other adjustments were made to the Prior Plan during the three months ended March 31, 2026.
Name | Randall A. Lipps
Title | President, Chief Executive Officer, and Chairman of the Board of Directors
Rule 10b5-1 Arrangement Adopted | true
Adoption Date | February 25, 2026
Rule 10b5-1 Arrangement Terminated | true
Termination Date | February 23, 2026
Expiration Date | March 1, 2027
Arrangement Duration | 277 days
Randall A. Lipps Trading Arrangement, Common Stock [Member] | Randall A. Lipps [Member] |
Trading Arrangements, by Individual |
Aggregate Available | 10,000
Randall A. Lipps Trading Arrangement, Stock Options, Expiring February 2027 [Member] | Randall A. Lipps [Member] |
Trading Arrangements, by Individual |
Aggregate Available | 134,160
Randall A. Lipps Trading Arrangement, Stock Options, Expiring February 2028 [Member] | Randall A. Lipps [Member] |
Trading Arrangements, by Individual |
Aggregate Available | 153,728

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