04/14/2026 | Press release | Distributed by Public on 04/14/2026 18:55
|
FORM 4
|
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 |
|
|
|||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||
| 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) |
||||
| Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
| Stock Option (Right to Buy) | $12.59 | 04/10/2026 | A | 33,928 | (1) | 04/10/2036 | Common Stock | 33,928 | $ 0 | 33,928 | I | See Footnote(2) | |||
| Reporting Owner Name / Address | Relationships | |||
| Director | 10% Owner | Officer | Other | |
|
MAVERICK CAPITAL LTD 1900 N. PEARL STREET, 20TH FLOOR DALLAS, TX 75201 |
X | |||
|
MAVERICK CAPITAL MANAGEMENT LLC 1900 N. PEARL STREET, 20TH FLOOR DALLAS, TX 75201 |
X | |||
|
AINSLIE LEE S III 360 SOUTH ROSEMARY AVENUE WEST PALM BEACH, FL 33401 |
X | |||
| Maverick Capital, Ltd., By: Trevor Wiessmann, for Maverick Capital, Ltd., by power of attorney for Lee S. Ainslie III, Manager of Maverick Capital Management, LLC, its General Partner, /s/ Trevor Wiessmann | 04/14/2026 | |
| **Signature of Reporting Person | Date | |
| Maverick Capital Management, LLC, By: Trevor Wiessmann, for Maverick Capital Management LLC, by power of attorney for Lee S. Ainslie III, its Manager, /s/ Trevor Wiessmann | 04/14/2026 | |
| **Signature of Reporting Person | Date | |
| Lee S. Ainslie III, By: Trevor Wiessmann, for Lee S. Ainslie III, by power of attorney for Lee S. Ainslie III, /s/ Trevor Wiessmann | 04/14/2026 | |
| **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) | The options vest in full on the earlier of (i) May 23, 2027 or (ii) the date of the Issuer's next annual meeting of stockholders following April 10, 2026, subject to David B. Singer's continued service through such date. |
| (2) | Held directly by Mr. Singer. The economic benefit of the director compensation provided in respect of Mr. Singer's board service passes to Maverick Ventures Investment Fund, L.P. ("Maverick Ventures Fund") through a management fee offset. Maverick Capital, Ltd. ("Maverick") is a registered investment adviser under the Investment Advisers Act of 1940, as amended, and acts as the investment manager for Maverick Ventures Fund. Maverick may therefore be deemed to have an indirect pecuniary interest in the options reported herein. Each of the Reporting Persons disclaims beneficial ownership of the reported securities except to the extent of its or his pecuniary interest therein. |