07/22/2025 | Press release | Distributed by Public on 07/22/2025 16:13
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 | ||||||||
Restricted Stock Units | $ 0 | (3) | (2) | Common Stock(8) | 2,196 | 2,196 | D | ||||||||
Restricted Stock Units | $ 0 | 07/21/2025 | M | 5,500 | (1) | (2) | Common Stock(8) | 11,000 | $ 0 | 5,500 | D | ||||
Restricted Stock Units | $ 0 | (4) | (2) | Common Stock(8) | 5,282 | 5,282 | D | ||||||||
Performance Stock Units | $ 0 | (5) | (2) | Common Stock(8) | 12,332 | 12,332 | D | ||||||||
Restricted Stock Units | $ 0 | (6) | (2) | Common Stock(8) | 13,068(8) | 13,068(8) | D | ||||||||
Performance Stock Units | $ 0 | (7) | (2) | Common Stock(8) | 19,602(8) | 19,602(8) | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
LEE JOHNNY C 1055 WILSHIRE BLVD SUITE 1200 LOS ANGELES, CA 90017 |
X | President/CEO |
/s/ Johnny Lee | 07/22/2025 | |
**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) | These restricted stock units vest in three equal annual installments beginning one year after the 07/20/2023 date of grant. |
(2) | There will be no expiration date once restricted stock units vest. |
(3) | These restricted stock units vest in three equal annual installments beginning one year after the 02/21/2024 date of grant. |
(4) | These restricted stock units vest in three equal annual installments beginning one year after the 03/20/2024 date of grant. |
(5) | These performance stock units ("PSUs") will vest conditionally on the achievement of certain performance goals and an employment condition. The reported PSUs will vest at the expiration of a three-year period beginning on 03/20/2024 subject to the Reporting Person's satisfaction of the employment condition. |
(6) | These restricted stock units vest in three equal annual installments beginning one year after the 05/08/2025 date of grant. |
(7) | Performance Stock Units ("PSUs") to vest conditionally on the achievement of certain performance goals and an employment condition. The PSUs are awarded at a target level and have the opportunity to vest at 150% of such target level; The reported PSUs represent the maximum award that may be achieved and ultimately vest. The reported PSUs will vest at the expiration of a three-year period beginning on 05/08/2025 subject to the Reporting Person's satisfaction of the employment condition. |
(8) | On May 12, 2025 due to an administrative error, the Reporting Person filed a Form 4 which inadvertently omitted information from the transactional columns in Table II and overstated the amount of RSUs and PSUs granted to the Reporting Person on May 8, 2025. The Form 4 has also been amended to clarify that grants of RSUs and PSUs will be settled in common stock. |
Remarks: Shares issued for vesting of 7/20/2023 RSU grant and shares disposed in settlement of tax withholding obligations for such RSU vesting. |