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Insider Trading Arrangements
 3 Months Ended
Sep. 30, 2025
shares
Trading Arrangements, by Individual  
Material Terms of Trading Arrangement

Trading Plans or Rule 10b5-1 Trading Plans

During the quarter ended September 30, 2025, 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 our securities set forth in the table below.

 

 

 

 

 

 

 

 

Name

Position

Action

Date of Adoption/
Termination

Type of Trading Arrangement

Expiration Date

Total Shares of Common Stock to be Sold***

Rule 10b5-1*

Non-Rule 10b5-1**

Shane Kovacs

Chief Operating and Financial Officer

Adoption(1)

February 3, 2025

 

X(2)

May 12, 2026

Up to 150,000

Shane Kovacs

Chief Operating and Financial Officer

Termination(3)

September 10, 2025(4)

 

X

May 12, 2026

Up to 150,000

* 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.

*** Represents the maximum number of shares that may be sold pursuant to the 10b5-1 trading arrangement. The number of shares to be sold was dependent on the satisfaction of certain conditions as set forth in the written plan.

(1) We inadvertently omitted from Item 5 of Part II of our Quarterly Report on Form 10-Q for the quarterly period ending March 31, 2025, the disclosure of the adoption of a contract, instruction or written plan for the purchase or sale of our securities.

(2) This plan was intended to qualify as a “Rule 10b5-1 trading arrangement” as defined in Item 408(a) of Regulation S-K. However, the plan did not comply with the cooling-off period required by Exchange Act Rule 10b5-1(c) and is therefore deemed a “Non-Rule 10b5-1 trading arrangement”.

(3) This contract, instruction, or written plan was subsequently terminated on September 10, 2025, as disclosed above, prior to the completion of any sales under the plan.

(4) Represents the termination of a written plan originally adopted on February 3, 2025 that was intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) under the Exchange Act.
Name Shane Kovacs
Title Chief Operating and Financial Officer
Non-Rule 10b5-1 Arrangement Terminated true
Termination Date September 10, 2025
Expiration Date May 12, 2026
Arrangement Duration 464 days
Aggregate Available 150,000