11/14/2024 | Press release | Distributed by Public on 11/14/2024 19:58
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 | ||||||||
Option (right to buy) | $20.55 | 11/13/2024 | M | 9,000 | 01/22/2023(1) | 01/22/2030 | Common Stock | 9,000 | $20.55 | 0 | D | ||||
Restricted Stock Units | $ 0 | (2) | (3) | Restricted Stock Units | 767 | 767 | D | ||||||||
Restricted Stock Units | $ 0 | (4) | (3) | Restricted Stock Units | 5,204 | 5,204 | D | ||||||||
Restricted Stock Units | $ 0 | (5) | (3) | Restricted Stock Units | 6,675 | 6,675 | D | ||||||||
Restricted Stock Units | $ 0 | (6) | (3) | Restricted Stock Units | 9,493 | 9,493 | D | ||||||||
Performance Stock Units | $ 0 | (7) | (3) | Performance Stock Units | 14,240 | 14,240 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Morris David Richard 1055 WILSHIRE BLVD SUITE 1200 LOS ANGELES, CA 90017 |
X | CEO |
/s/ David Morris | 11/14/2024 |
**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 options vest in three equal annual installments beginning one year after the 01/22/2020 date of grant. |
(2) | These restricted stock units vest in three equal annual installments beginning one year after the 01/19/2022 date of grant. |
(3) | There will be no expiration date once restricted stock units vest. |
(4) | These restricted stock units vest in three equal installments beginning one year after 01/18/2023 date of grant. |
(5) | These restricted stock units vest in three equal installments beginning one year after 02/21/2024 date of grant. |
(6) | These restricted stock units vest in three equal installments beginning one year after 03/20/2024 date of grant. |
(7) | 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. |
Remarks: David Morris exercised 9,000 options and sold the shares on November 13, 2024 subject to his 10b5-1 plan. |