04/24/2025 | Press release | Distributed by Public on 04/24/2025 14:45
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 | ||||||||
Stock Option (right to purchase) | $33.85 | 03/13/2025 | A | 117,457 | (1)(3) | 03/13/2035 | Common Stock | 117,457 | $ 0 | 117,457 | D | ||||
Restricted Stock Units | (2)(3) | 03/13/2025 | A | 37,666 | (2)(3) | (2)(3) | Common Stock | 37,666 | $ 0 | 37,666 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
KANDERS WARREN B C/O KANDERS & COMPANY, INC. 250 ROYAL PALM WAY, SUITE 201 PALM BEACH, FL 33480 |
X | X | CEO AND CHAIRMAN |
/s/ Warren B. Kanders | 04/24/2025 | |
**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) | The option to purchase 117,457 shares of the Issuer's Common Stock, par value $0.0001 per share ("Common Stock"), was granted under the Plan. Options to purchase 39,153 shares of the Issuer's Common Stock will vest and become exercisable on March 13, 2026, and options to purchase 39,152 shares of the Issuer's Common Stock will vest and become exercisable on each of March 13, 2027, and March 13, 2028, respectively. |
(2) | Comprised of a restricted stock units award granted under the Plan consisting of 37,666 restricted shares of the Issuer's Common Stock. 12,556 restricted shares of the Issuer's Common Stock will vest and become non-forfeitable on March 13, 2026, and 12,555 restricted shares of the Issuer's Common Stock will vest and become non-forfeitable on each of March 13, 2027, and March 13, 2028, respectively. |
(3) | This amendment is being filed to correct the number of options and restricted stock units granted on March 13, 2025 and reported in the original Form 4 filed on March 17, 2025. Footnotes 6 and 7 have been renumbered and revised accordingly. |