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Insider Trading Arrangements | 3 Months Ended | 6 Months Ended
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Jun. 30, 2023 shares | Jun. 30, 2023 shares
Trading Arrangements, by Individual |  |
Material Terms of Trading Arrangement |  | Our directors and executive officers may purchase or sell shares of our common stock in the market from time to time, including pursuant to equity trading plans adopted in accordance with Rule 10b5-1 under the Exchange Act and in compliance with guidelines specified by the Company’s stock trading standard. In accordance with Rule 10b5-1 and the Company’s insider trading policy, directors, officers and certain employees who, at such time, are not in possession of material non-public information about the Company are permitted to enter into written plans that pre-establish amounts, prices and dates (or formula for determining the amounts, prices and dates) of future purchases or sales of the Company’s stock, including shares acquired pursuant to the Company’s employee and director equity plans. Under the Company’s stock trading standard, the first trade made pursuant to a Rule 10b5-1 trading plan may take place no earlier than 90 days after adoption of the trading plan. Under a Rule 10b5-1 trading plan, a broker executes trades pursuant to parameters established by the director or executive officer when entering into the plan, without further direction from them. The use of these trading plans permits asset diversification as well as financial and tax planning. Our directors and executive officers also may buy or sell additional shares outside of a Rule 10b5-1 plan when they are not in possession of material nonpublic information, subject to compliance with SEC rules, the terms of our stock trading standard, and holding requirements. The following table shows the Rule 10b5-1 trading plans intended to satisfy the affirmative defense conditions of Rule 10b-1(c) adopted or terminated by our directors and executive officers during the three months ended June 30, 2023.
Name and Position |  | Plan Adoption / Termination |  | Plan Adoption Date |  | Expiration Date |  | Number of Shares to be Purchased (Sold) under Plan
Sarah Aebersold, Chief Human Resources Officer |  | Adoption |  | June 15, 2023 |  | October 30, 2023 |  | (12,000)
Marcus Schulz, Chief Revenue Officer |  | Adoption |  | May 26, 2023 |  | April 30, 2024 |  | (10,000)
Non-Rule 10b5-1 Arrangement Adopted | false |
Rule 10b5-1 Arrangement Terminated | false |
Non-Rule 10b5-1 Arrangement Terminated | false |
Sarah Aebersold [Member] |  |
Trading Arrangements, by Individual |  |
Name | Sarah Aebersold |
Title | Chief Human Resources Officer |
Rule 10b5-1 Arrangement Adopted | true |
Adoption Date | June 15, 2023 |
Arrangement Duration | 137 days |
Aggregate Available | (12,000) | (12,000)
Marcus Schulz [Member] |  |
Trading Arrangements, by Individual |  |
Name | Marcus Schhulz |
Title | Chief Revenue Officer |
Rule 10b5-1 Arrangement Adopted | true |
Adoption Date | May 26, 2023 |
Arrangement Duration | 340 days |
Aggregate Available | (10,000) | (10,000)

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