03/04/2026 | Press release | Distributed by Public on 03/04/2026 15:15
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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 | ||||||||
| Stock Option (right to buy) | $25.16 | 03/01/2026 | A | 53,657 | (3) | 03/01/2036 | Class A Common Stock | 53,657 | $ 0 | 53,657 | D | ||||
| Reporting Owner Name / Address | Relationships | |||
| Director | 10% Owner | Officer | Other | |
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Timmermans Jesse 12889 MOORE STREET CERRITOS, CA 90703 |
CHIEF FINANCIAL OFFICER | |||
| /s/ Jodi Lumsdaine Chapin, attorney-in-fact | 03/04/2026 | |
| **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 equal number of restricted stock units ("RSUs"). Each RSU represents the right to receive a share of the Issuer's Class A common stock on the date it vests. These RSUs were granted subject to performance- and service-based vesting requirements. On February 17, 2026, the Compensation Committee of the Issuer's Board of Directors certified the level of achievement of the performance-based conditions. As a result, vested shares earned based upon such level of achievement were delivered to the reporting person on March 1, 2026. |
| (2) | Represents tax withholding upon the vesting of the RSUs. |
| (3) | The stock option vests over five years, with 1/5th of the total shares vesting and becoming exercisable annually beginning on March 1, 2027 such that the option is fully vested and exercisable on March 1, 2031, in each case subject to the Reporting Person's continued service to the Issuer or any parent or subsidiary of the Issuer through each such date. |