03/20/2026 | Press release | Distributed by Public on 03/20/2026 15:06
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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) | ||
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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 | ||||||||
| Performance-based Restricted Stock Units | (3) | 03/19/2026 | M | 123,986 | (1)(4) | (1)(4) | Common Stock | 123,986 | $ 0 | 0 | D | ||||
| Reporting Owner Name / Address | Relationships | |||
| Director | 10% Owner | Officer | Other | |
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Tabak Shawn 411 FIRST AVENUE SOUTH SUITE 501 SEATTLE, WA 98104 |
CHIEF FINANCIAL OFFICER | |||
| /s/ Meghan Silver as Attorney-in-fact for Shawn Tabak | 03/20/2026 | |
| **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) | Represents shares of the Issuer's Common Stock earned under a performance-based restricted stock unit ("PRSU") award granted on April 7, 2023, following the Compensation Committee's certification of performance achievement on March 19, 2026. The PRSU award was subject to three distinct performance goals of share price, revenue, and Adjusted EBITDA. The earned shares remain subject to a service-based vesting condition through April 7, 2026. The Issuer has confirmed its intent to settle vested shares of Common Stock in numerous transactions over approximately 45 days, between April 7, 2026 and May 21, 2026 to reduce market impact. In addition, the Issuer has adopted a sell-to-cover method (shares will be sold by the Issuer at its election, and without any discretion by the Reporting Person) as the sole means for plan participants to satisfy tax withholding obligations upon the vesting and settlement of awards. |
| (2) | Represents PRSUs earned due to the achievement of revenue and Adjusted EBITDA goals. |
| (3) | Each PRSU represented a contingent right to receive, upon achievement of the applicable performance metric and subject to vesting, one share of the Issuer's Common Stock. |
| (4) | Represents PRSUs earned due to the achievement of specified share price goals. The original award was reported at target achievement, while the amount reported herein reflects actual achievement. |