05/02/2025 | Press release | Distributed by Public on 05/02/2025 17:54
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 |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Khetani Mansi 240 EAST HACIENDA AVENUE CAMPBELL, CA 95008 |
CFO |
/s/ Natella Novruzova - Attorney-in-Fact | 05/02/2025 | |
**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) | The Reporting Person was granted restricted stock units ("RSUs"), which represent a contingent right to receive one share of Common Stock for each RSU. The RSUs are subject to a service-based vesting requirement, which shall be satisfied over a 4-year period commencing on May 1, 2025. 1/16th of the RSUs shall vest on June 20, 2025, and the remainder shall vest in equal quarterly installments thereafter, provided that the Reporting Person remains in continuous service on each such vesting date. Quarterly vesting dates are March 20, June 20, September 20 and December 20. |
(2) | The Reporting Person was granted restricted stock units ("RSUs"), which represent a contingent right to receive one share of Common Stock for each RSU. The RSUs are subject to a service-based vesting requirement, which shall be satisfied over a 2-year period commencing on May 1, 2025. 50% of the RSUs shall vest on June 20, 2026, and the remainder shall vest in equal quarterly installments thereafter, provided that the Reporting Person remains in continuous service on each such vesting date. Quarterly vesting dates are March 20, June 20, September 20 and December 20. |
(3) | The Reporting Person was granted performance restricted stock units ("PRSUs"), which represent a contingent right to receive one share of Common Stock for each PRSU. The actual PRSUs awarded shall be earned pursuant to the achievement of the related performance conditions, as determined upon certification of the Issuer's Board of Directors. If earned, and subject to the Reporting Person's continuous service through the vesting date, one hundred percent of the eligible PRSUs will vest effective as of January 31, 2027, provided however, the award is further subject to accelerated vesting upon the occurrence of certain events as set forth in the applicable PRSU agreement. |