08/06/2026 | Press release | Distributed by Public on 08/06/2026 14:34
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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 Restricted Stock Units | (2) | 08/04/2026 | A | 400,000(2) | (2) | 09/30/2030 | Common Stock | 400,000 | $ 0 | 400,000 | D | ||||
| Reporting Owner Name / Address | Relationships | |||
| Director | 10% Owner | Officer | Other | |
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Dahiya Nitin 4165 EAST THOUSAND OAKS BLVD, SUITE 100 WESTLAKE VILLAGE, CA 91362 |
Chief Financial Officer | |||
| /s/ Amy Blakeway, Chief Legal Officer | 08/06/2026 | |
| **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 an award of restricted stock units ("RSUs"). Each RSU represents a contingent right to receive one share of the Issuer 's Common Stock. The RSUs will vest as to 25% of the underlying shares on September 30, 2027, and as to the remaining of the underlying shares in 12 substantially similar quarterly installments thereafter. |
| (2) | Represents an award of performance restricted stock units ("PRSUs"). The PRSUs are eligible to vest based on certain share price targets commencing on the first anniversary of the vesting commencement date, subject to the applicable minimum service period. The PRSUs will vest in three tranches as follows: (i) 50,000 upon achievement of an $8.00 Share Price Target, provided the reporting person is continuously employed through the first anniversary of the vesting commencement date for a minimum of twelve months, (ii) 150,000 upon achievement of a $10.00 Share Price Target, provided the reporting person remains continuously employed through the second anniversary of the vesting commencement date for a minimum of twenty-four months, and (iii) 200,000 upon achievement of a $12.00 Share Price Target, provided the reporting person remains continuously employed through the third anniversary of the vesting commencement date for a minimum of thirty-six months. |