08/14/2025 | Press release | Distributed by Public on 08/14/2025 19:58
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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 | ||||||||
| Reporting Owner Name / Address | Relationships | |||
| Director | 10% Owner | Officer | Other | |
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Vector Capital Management, L.P. 650 CALIFORNIA STREET, 32ND FLOOR SAN FRANCISCO, CA 94108 |
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VECTOR CAPITAL, L.L.C. C/O VECTOR CAPITAL MANAGEMENT, L.P. 650 CALIFORNIA STREET, 32ND FLOOR SAN FRANCISCO, CA 94108 |
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Slusky Alexander R C/O VECTOR CAPITAL MANAGEMENT, L.P. 650 CALIFORNIA STREET, 32ND FLOOR SAN FRANCISCO, CA 94108 |
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| VECTOR CAPITAL MANAGEMENT, L.P., By: Vector Capital L.L.C., its General Partner, By: / s/ Alexander R. Slusky, Alexander R. Slusky, Managing Member | 08/14/2025 | |
| **Signature of Reporting Person | Date | |
| VECTOR CAPITAL, L.L.C., By: / s/ Alexander R. Slusky, Alexander R. Slusky, Managing Member | 08/14/2025 | |
| **Signature of Reporting Person | Date | |
| /s/ Alexander R. Slusky, Alexander R. Slusky | 08/14/2025 | |
| **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 shares of common stock, par value $0.001 per share, of the Issuer ("Common Stock"), reported herein are held directly by Vector Capital VI, L.P. ("VCVI"). VCVI has delegated all voting and investment power over the securities in its portfolio to Vector Capital Management, L.P. ("VCM"), an investment adviser registered with the Securities and Exchange Commission (the "Commission"). |
| (2) | VCM, together with Vector Capital, L.L.C. ("VCLLC"), its general partner, and Alexander R. Slusky ("Mr. Slusky"), the managing member of VCLLC and Chief Investment Officer of VCM, may be deemed to beneficially own the Common Stock held directly by VCVI. Each of VCM, VCLLC and Mr. Slusky disclaims beneficial ownership of the Common Stock held by VCVI, except to the extent of its or his pecuniary interest, if any, therein. The inclusion of the Common Stock in this report shall not be deemed an admission by such reporting person of beneficial ownership for any other purpose. |
| (3) | Reflects weighted average price. Range of prices were between $0.99 to $1.13. The reporting person will provide upon request by the Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price. |
| (4) | Reflects weighted average price. Range of prices were between $0.98 to $1.01. The reporting person will provide upon request by the Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price. |
| (5) | Reflects weighted average price. Range of prices were between $0.95 to $1.01. The reporting person will provide upon request by the Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price. |