Insider Trading Arrangements |
3 Months Ended | 6 Months Ended |
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Jun. 30, 2023
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Jun. 30, 2023
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| Trading Arrangements, by Individual | ||
| Material Terms of Trading Arrangement | Ali Dasdan, Chief Technology Officer of the Company, adopted a Rule 10b5-1 trading arrangement on June 15, 2023. The duration of the trading arrangement begins on September 14, 2023, and ends on June 15, 2024. The Rule 10b5-1 trading arrangement provides for the sale of a portion of the net shares acquired by Mr. Dasdan (net of shares withheld to cover the recipient’s tax liability in connection with vesting) resulting from the vesting of 475,797 restricted stock units granted on April 3, 2023, which vests as follows: (i) 16.5% on September 1, 2023, and (ii) the remainder in equal quarterly installments during the 30 months following September 1, 2023. The volume of sales will be determined, in part, based on pricing triggers outlined in the trading arrangement, with a maximum potential sale under the plan of up to 75% of the vested shares from such award during the term of the plan. Mr. Dasdan’s trading arrangement was entered into during an open insider trading window and is intended to satisfy the affirmative defense of Rule 10b5-1(c) under the Exchange Act and the Company’s policies regarding insider transactions. | |
| Non-Rule 10b5-1 Arrangement Adopted | false | |
| Rule 10b5-1 Arrangement Terminated | false | |
| Non-Rule 10b5-1 Arrangement Terminated | false | |
| Ali Dasdan [Member] | ||
| Trading Arrangements, by Individual | ||
| Name | Ali Dasdan | |
| Title | Chief Technology Officer | |
| Rule 10b5-1 Arrangement Adopted | true | |
| Adoption Date | June 15, 2023 | |
| Arrangement Duration | 275 days | |
| Aggregate Available | 475,797 | 475,797 |