11/09/2026 | Press release | Distributed by Public on 11/09/2026 17:04
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FORM 3
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF 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. | SEC 1473 (7-02) | ||
| 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. | |||
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1. Title of Derivative Security (Instr. 4) |
2. Date Exercisable and Expiration Date (Month/Day/Year) |
3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) |
4. Conversion or Exercise Price of Derivative Security |
5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5) |
6. Nature of Indirect Beneficial Ownership (Instr. 5) |
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| Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||
| Class B Common Stock | (4) | (4) | Class A Common Stock | 76,457,283 | (4) | I | I(2) |
| Employee Stock Option (Right to Buy) | (5) | 10/01/2036 | Class A Common Stock | 11,250 | $88.25 | D | |
| Employee Stock Option (Right to Buy) | (6) | 10/01/2035 | Class A Common Stock | 7,500 | $79.5 | D | |
| Employee Stock Option (Right to Buy) | (7) | 04/01/2034 | Class A Common Stock | 1,754 | $14.04 | D | |
| Employee Stock Option (Right to Buy) | (8) | 04/01/2034 | Class A Common Stock | 1,355 | $14.04 | D | |
| Employee Stock Option (Right to Buy) | (9) | 04/01/2034 | Class A Common Stock | 3,088 | $14.04 | D | |
| Employee Stock Option (Right to Buy) | (10) | 04/01/2034 | Class A Common Stock | 10,000 | $14.04 | D | |
| Reporting Owner Name / Address | Relationships | |||
| Director | 10% Owner | Officer | Other | |
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Flynn Katherine E 9601 S. MERIDIAN BLVD. ENGLEWOOD, CO 80112 |
X | Chief People Officer | ||
| Katherine E. Flynn, by Daniel W. Conroy, Attorney-in-Fact | 11/09/2026 | |
| **Signature of Reporting Person | Date |
| * | If the form is filed by more than one reporting person, see Instruction 5(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) | By trust. The reporting person disclaims beneficial ownership of the securities held by the trust, except to the extent of her pecuniary interest therein, if any, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose. |
| (2) | These securities are held by Telluray Holdings, LLC ("Telluray"). Through certain trusts, the reporting person has indirect, non-managing membership interests in Telluray. The reporting person disclaims beneficial ownership of the securities held by Telluray, except to the extent of her pecuniary interest therein, if any, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose. |
| (3) | By 401(K). |
| (4) | The holder of the shares of Class B Common Stock may elect to convert any or all of its Class B Common Stock into an equal number of Class A Common Stock at any time for no additional consideration. |
| (5) | The option vests in three equal annual installments beginning on October 1, 2027. |
| (6) | The option vests in three equal annual installments beginning on October 1, 2026. |
| (7) | The grant is subject to achievement of certain performance criteria prior to December 31, 2026 and will vest based on achievement of such criteria. The performance criteria are not tied to the market price of the Issuer's securities. |
| (8) | 40% of the shares underlying these options vested immediately upon the grant date. The remaining 60% of the shares underlying these options vested 30% per year on each of April 1, 2025 and April 1, 2026. |
| (9) | The shares underlying these options vest 25% per year on each of April 1, 2025, April 1, 2026, April 1, 2027 and April 1, 2028. |
| (10) | The shares underlying these options vest 20% per year on each of April 1, 2025, April 1, 2026, April 1, 2027, April 1, 2028 and April 1, 2029. |