Insider Trading Arrangements |
3 Months Ended |
|---|---|
|
Apr. 30, 2024
shares
| |
| Trading Arrangements, by Individual | |
| Non-Rule 10b5-1 Arrangement Adopted | false |
| Rule 10b5-1 Arrangement Terminated | false |
| Non-Rule 10b5-1 Arrangement Terminated | false |
| Richard Smith [Member] | |
| Trading Arrangements, by Individual | |
| Material Terms of Trading Arrangement | On April 5, 2024, Richard Smith, our Chief Product and Technology Officer adopted a Rule 10b5‑1 Plan (the Smith Plan) providing for the potential sale of certain shares of our Class A common stock owned by Mr. Smith, including up to 189,584 shares issuable upon the exercise of vested stock options for shares of our Class B common stock and conversion thereof to Class A common stock, so long as the market price of our Class A common stock is higher than certain minimum threshold prices specified in the Smith Plan, with such sales scheduled to occur between an estimated start date of July 5, 2024 and June 30, 2025. Additionally, the Smith Plan provides for the potential sale of shares of Class A common stock to be received upon vesting and settlement of certain outstanding restricted stock units, net of any shares withheld by the Company to satisfy applicable tax obligations. The number of shares to be withheld, and therefore the exact number of shares to be sold pursuant to the Smith Plan, can only be determined upon the occurrence of the future vesting events. The Smith Plan is scheduled to expire on June 30, 2025.
|
| Name | Richard Smith |
| Title | Chief Product and Technology Officer |
| Rule 10b5-1 Arrangement Adopted | true |
| Adoption Date | April 5, 2024 |
| Arrangement Duration | 360 days |
| Aggregate Available | 189,584 |