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Insider Trading Arrangements
 3 Months Ended
Jun. 30, 2023
Trading Arrangements, by Individual  
Material Terms of Trading Arrangement

Item 5. Other Information

Rule 10b5-1 Trading Arrangements

On April 14, 2023, each of Qichao Hu (our Founder, Chairman and Chief Executive Officer), Jing Nealis (our Chief Financial Officer), Hong Gan (our Chief Science Officer), Yongkyu Son (our Chief Technology Officer), Kyle Pilkington (our Chief Legal Officer) and Gang “Daniel” Li (our Chief Manufacturing Officer) and on April 17, 2023, Rohit Makharia (our President and Chief Operating Officer, and collectively with Mr. Hu, Ms. Nealis, Mr. Gan, Mr. Son, Mr. Pilkington and Mr. Li, the “Executive Officers”) entered into written stock selling plans in accordance with Rule 10b5-1 (the “Plans”) under the Exchange Act in connection with the sale of shares of Class A common stock underlying RSUs and PSUs granted to Mr. Hu, Ms. Nealis, Mr. Gan, Mr. Son, Mr. Pilkington and Mr. Li on April 14, 2023 and to Mr. Makharia on April 17, 2023. The Plans provide for the sale of only such number of shares necessary to satisfy minimum statutory withholding tax obligations arising from the vesting of such equity awards (with the RSUs vesting subject to continued service in three equal installments on each anniversary of the grant date, and the PSUs vesting subject to continued service and performance in one installment following a three-year performance period after the grant date), and, thus, the exact number of shares to be sold is unknown. Each Plan expires once all shares are sold to satisfy the applicable Executive Officer’s withholding tax obligations.
Qichao Hu [Member]  
Trading Arrangements, by Individual  
Name Qichao Hu
Title Founder, Chairman and Chief Executive Officer
Rule 10b5-1 Arrangement Adopted true
Adoption Date April 14, 2023
Rohit Makharia [Member]  
Trading Arrangements, by Individual  
Name Rohit Makharia
Title President and Chief Operating Officer
Rule 10b5-1 Arrangement Adopted true
Adoption Date Apr. 17, 2023
Jing Nealis [Member]  
Trading Arrangements, by Individual  
Name Jing Nealis
Title Chief Financial Officer
Rule 10b5-1 Arrangement Adopted true
Adoption Date April 14, 2023
Hong Gan [Member]  
Trading Arrangements, by Individual  
Name Hong Gan
Title Chief Science Officer
Rule 10b5-1 Arrangement Adopted true
Adoption Date April 14, 2023
Yongkyu Son [Member]  
Trading Arrangements, by Individual  
Name Yongkyu Son
Title Chief Technology Officer
Rule 10b5-1 Arrangement Adopted true
Adoption Date April 14, 2023
Kyle Pilkington [Member]  
Trading Arrangements, by Individual  
Name Kyle Pilkington
Title Chief Legal Officer
Rule 10b5-1 Arrangement Adopted true
Adoption Date April 14, 2023
Gang Daniel Li [Member]  
Trading Arrangements, by Individual  
Name Gang “Daniel” Li
Title Chief Manufacturing Officer
Rule 10b5-1 Arrangement Adopted true
Adoption Date April 14, 2023