01/16/2026 | Press release | Distributed by Public on 01/16/2026 17:29
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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 | ||||||||
| Restricted Stock Units | $ 0 (5) | 01/13/2026 | M | 125,000 | (6) | (6) | Class A Common Stock | 125,000 | $ 0 | 125,000 | D | ||||
| Restricted Stock Units | $ 0 (5) | 01/13/2026 | M | 141,667 | (7) | (7) | Class A Common Stock | 141,667 | $ 0 | 141,667 | D | ||||
| Restricted Stock Units | $ 0 (5) | (8) | (8) | Class A Common Stock | 250,000 | 250,000 | D | ||||||||
| Performance Stock Units | $ 0 (9) | (9) | (9) | Class A Common Stock | 233,333 | 233,333 | D | ||||||||
| Stock Options | $1.44 | 05/06/2022 | 11/06/2029 | Class A Common Stock | 2,807 | 2,807 | D | ||||||||
| Stock Options | $1.44 | 08/06/2022 | 11/06/2029 | Class A Common Stock | 77,301 | 77,301 | D | ||||||||
| Reporting Owner Name / Address | Relationships | |||
| Director | 10% Owner | Officer | Other | |
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Oseland Robert L 10150 COVINGTON CROSS DRIVE LAS VEGAS, NV 89144 |
Chief Operating Officer | |||
| /s/ Joseph M. Crabb, Attorney-in-fact | 01/16/2026 | |
| **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) | Shares held jointly with Reporting Person's spouse. |
| (2) | Represents shares of Class A common stock issued upon settlement of fully vested Restricted Stock Units issued to the reporting person on March 8, 2023. |
| (3) | Represents shares of Class A common stock issued upon settlement of fully vested Restricted Stock Units issued to the reporting person on March 11, 2024. |
| (4) | Represents the number of shares of Class A common stock that have been withheld by the Issuer to satisfy income tax withholding and remittance obligations in connection with the net settlement of Restricted Stock Units and does not represent and open market sale. |
| (5) | Each Restricted Stock Unit represents the contingent right to receive, upon vesting and settlement, one share of Class A common stock. |
| (6) | On March 8, 2023, the Reporting Person was granted 500,000 unvested Restricted Stock Units. The Restricted Stock Units are scheduled to vest in four equal installments, with one-fourth vesting on January 10, 2024, one-fourth vesting on January 10, 2025, one-fourth vesting on January 10, 2026, and one-fourth vesting on January 10, 2027, subject in each case to the Reporting Person's continued employment with the Issuer through the applicable vesting date. |
| (7) | On March 11, 2024, the Reporting Person was granted 425,001 unvested Restricted Stock Units. The Restricted Stock Units are scheduled to vest in three equal installments, with one-third vesting on January 10, 2025, one-third vesting on January 10, 2026, and one-third vesting on January 10, 2027, subject in each case to the Reporting Person's continued employment with the Issuer through the applicable vesting date. |
| (8) | On March 7, 2025, the Reporting Person was granted 250,000 Restricted Stock Units. Each Restricted Stock Unit represents the contingent right to receive, upon vesting and settlement, one share of Class A Common Stock. The Restricted Stock Units are scheduled to vest, subject to the Reporting Person's continued employment with the Company, on January 15, 2028. |
| (9) | On March 7, 2025, the Reporting Person was granted 233,333 unvested Performance Stock Units. Each Performance Stock Unit represents the contingent right to receive, upon vesting and settlement, up to one share of Class A Common Stock. The actual number of shares of Class A Common Stock to be issued upon vesting of such Performance Stock Units will be determined based on, and will be contingent upon, the achievement of certain pre-established performance metrics, as determined by the Compensation Committee of the Company's Board of Directors, for the fiscal year ending December 31, 2025. |