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Insider Trading Arrangements
 3 Months Ended
Mar. 31, 2024
shares
Trading Arrangements, by Individual [Table]  
Material Terms of Trading Arrangement

Insider Trading Arrangements

 

During the quarter ended March 31, 2024, none of our directors or officers (as defined in Rule 16a-1(f) of the Exchange Act) adopted, modified or terminated a trading arrangement for the purchase or sale of securities that was intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) of the Exchange Act (“Rule 10b5-1 Plan”) or constituted a “non-Rule 10b5-1 trading arrangement,” other than the adoption of the Rule 10b5-1 Plans described below. Each of these plans provides for the sale of only such shares as are necessary to satisfy tax withholding obligations arising exclusively from the vesting of restricted stock units (“RSUs”) and performance stock units (“PSUs”) granted to the respective plan participant by the Company, with the number of such withholding shares to be provided to the broker by a representative of the Company when determinable:

 

         
Name
(Title)		 Date of Adoption of
Trading Arrangement		 Duration of
Trading Arrangement		 Type of
Securities Covered		 Gross Number of
Securities Granted
Saleel Awsare (Chief Executive Officer) March 15, 2024 June 15, 2025 PSUs
RSUs		 235,127*
470,255 
Jeremy Whitaker (Chief Financial Officer) March 25, 2024 June 15, 2025 PSUs 290,098*
Eric Bass (Vice President, Engineering) March 25, 2024 June 15, 2025 PSUs 171,087*
Roger Holliday (Vice President, Worldwide Sales until February 29, 2024; currently employed in non-officer role) March 25, 2024 June 15, 2025 PSUs 194,571*

 

* The number of shares subject to the PSUs is presented based on the targeted level of performance. The actual number of shares covered by the award depends on actual performance achieved and may range from 0% to 200% of the shares subject to the award at the targeted level of performance. A representative of the Company will inform the broker of the precise number of shares that vest under each award when finally determined following the completion of the relevant performance period.
Rule 10b5-1 Arrangement Adopted true
Non-Rule 10b5-1 Arrangement Adopted false
Rule 10b5-1 Arrangement Terminated false
Non-Rule 10b5-1 Arrangement Terminated false
Saleel Awsare [Member]  
Trading Arrangements, by Individual [Table]  
Name Saleel Awsare
Title Chief Executive Officer
Adoption Date March 15, 2024
Saleel Awsare P S U [Member]  
Trading Arrangements, by Individual [Table]  
Aggregate Available 235,127
Saleel Awsare R S U [Member]  
Trading Arrangements, by Individual [Table]  
Aggregate Available 470,255
Jeremy Whitaker [Member]  
Trading Arrangements, by Individual [Table]  
Name Jeremy Whitaker
Title Chief Financial Officer
Adoption Date March 25, 2024
Aggregate Available 290,098
Eric Bass [Member]  
Trading Arrangements, by Individual [Table]  
Name Eric Bass
Title Vice President, Engineering
Adoption Date March 25, 2024
Aggregate Available 171,087
Roger Holliday [Member]  
Trading Arrangements, by Individual [Table]  
Name Roger Holliday
Title Vice President, Worldwide Sales
Adoption Date March 25, 2024
Aggregate Available 194,571