11/10/2026 | Press release | Distributed by Public on 11/10/2026 19:12
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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) | ||
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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 | ||||||||
| Class B Common Stock | $ 0 | 11/06/2026 | C(1) | 85,192 | (2) | (2) | Class B Common Stock | 85,192 | $ 0 | 5,973,162(3)(4)(5) | D | ||||
| Reporting Owner Name / Address | Relationships | |||
| Director | 10% Owner | Officer | Other | |
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SMITH ROBERT E 10706 BEAVER DAM ROAD COCKEYSVILLE, MD 21030 |
X | X | ||
| Anastasia Thomas Nardangeli, Esq., on behalf of Robert E. Smith, by Power of Attorney | 11/10/2026 | |
| **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) | Represents the voluntary conversion of 85,192 shares of Class B Common Stock into 85,192 shares of Class A Common Stock on a one-for-one basis pursuant to the Company's governing documents. No additional consideration was paid in connection with the conversion. |
| (2) | The Class B Common Stock is convertible at the Reporting Person's election and has no expiration date. |
| (3) | The Reporting Person also owns (i) 1,070.602952 shares of Class A Common Stock held in a 40l(k) unitized stock fund; and (ii) 79,803.5 shares of Class A Common Stock. The Reporting Person also indirectly owns (i) 121,750 shares of Class B Common Stock held in an irrevocable trust f/b/o family members; and (ii) 4,000 shares of Class A Common Stock in accounts held by or with members of the Reporting Person's immediate family. |
| (4) | Prior to giving effect to all of the transactions reported on this Form 4, the Reporting Person also directly owned 114,808 shares of Class A Common Stock. |
| (5) | After giving effect to all of the transactions reported on this Form 4, the Reporting Person shall own 0 shares of Class A Common Stock. |