03/18/2026 | Press release | Distributed by Public on 03/18/2026 14:40
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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 | (3) | 03/16/2026 | M | 35,560 | (4) | (4) | Common Stock | 35,560 | $ 0 | 0 | D | ||||
| Reporting Owner Name / Address | Relationships | |||
| Director | 10% Owner | Officer | Other | |
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Ahrens Douglas T 1700 FLIGHT WAY TUSTIN, CA 92782 |
Chief Financial Officer | |||
| /s/ Sarah Kim, Attorney-in-Fact for Douglas T. Ahrens | 03/18/2026 | |
| **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) | Excludes 7,342 shares underlying performance share units granted on March 16, 2023 (adjusted to reflect the 1-for-20 reverse stock split effected by the Issuer on June 14, 2024) formerly reported as beneficially owned by the Reporting Person which were subject to vesting requirements which were not met. |
| (2) | Reflects the cash settlement of previously vested restricted stock units. |
| (3) | Restricted stock units convert into common stock on a one-for-one basis. |
| (4) | Represents an award of restricted stock units, which fully vested with respect to the remaining 50% of the restricted stock units and were settled in cash based on the value of a share of common stock on March 16, 2026. The restricted stock units may be settled in shares of the Issuer's common stock or, in the Issuer's discretion, cash, upon vesting. |