10/08/2025 | Press release | Distributed by Public on 10/08/2025 15:59
FORM 4
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) |
1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) |
4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Daniel Daniel David III 802 E. 1050 S. AMERICAN FORK, UT 84003 |
X |
/s/ Alexis Coll, attorney-in-fact | 10/08/2025 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) | This filing reports the sale of 273,900 shares of Class B common stock of the Issuer by Twenty Acre Capital LP in connection with a winding up of an investment fund and a return of capital to its limited partners. The reporting person is the portfolio manager for Twenty Acre Capital and exercises voting and dispositive control over the shares of the Issuer held in accounts managed by Twenty Acre Capital LP. The reporting person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein. The Reporting Person has no current plans to sell any other shares of the Issuer, but reserves his right to do so in his discretion. |
(2) | The sale price reported represents the weighted average sale price of the shares sold in multiple transactions ranging from $15.03 to $15.57, inclusive. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the ranges set forth herein. |
(3) | Represents shares donated by Denise Daniel, the Reporting Person's spouse, to a charitable organization. This transaction is exempt under Rule 16b-5. |
(4) | Includes 300 shares acquired by Denise Daniel, the Reporting Person's spouse who is an employee of the Issuer, pursuant to the Issuer's 2018 Employee Stock Purchase Plan ("ESPP"), for the ESPP purchase period of April 1, 2025 - October 1, 2025. This transaction is exempt under Rule 16b-3(c). |