05/02/2025 | Press release | Distributed by Public on 05/02/2025 18:43
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 | |
Bryan Murray 350 E. PLUMERIA DR. SAN JOSE, CA 95134 |
Chief Financial Officer |
/s/ Kirsten Daru | 05/02/2025 | |
**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) | Reflects the number of Performance-Based Restricted Stock Units ("PRSUs"), each representing a contingent right to receive one share of the Issuer's common stock, granted under the Company's 2016 Equity Incentive Plan and earned upon the certification of achievement of certain performance criteria by the Issuer's compensation committee, which vested in full on April 30, 2025. |
(2) | Represents the number of shares of common stock withheld by the Issuer to satisfy tax withholding obligations in connection with the vesting and settlement of PRSUs granted under the Company's 2016 Equity Plan. |
(3) | Represents the number of shares of common stock withheld by the Issuer to satisfy tax withholding obligations in connection with the vesting and settlement of restricted stock units granted under the Company's 2016 Equity Incentive Plan. |
(4) | The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 Plan adopted by the reporting person on December 13, 2024 to cover expected tax liability associated with the vesting of Issuer equity awards. |
(5) | The price reported in Column 4 of Table I represents the weighted average price. These shares were sold in multiple transactions at prices ranging from $27.14 to $28.09, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (5) to this Form 4. |
(6) | The price reported in Column 4 of Table I represents the weighted average price. These shares were sold in multiple transactions at prices ranging from $28.285 to $28.62, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (6) to this Form 4. |