09/29/2026 | Press release | Distributed by Public on 09/29/2026 19:23
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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 Unit | (1) | 09/28/2026 | A | 6,000,000 | (2) | (2) | Common Stock | 6,000,000 | $ 0 | 6,000,000 | D | ||||
| Reporting Owner Name / Address | Relationships | |||
| Director | 10% Owner | Officer | Other | |
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Strassman Hunter 4100 WEST ALAMEDA AVENUE 3RD FLOOR BURBANK, CA 91505 |
Chief Financial Officer | |||
| /s/ Hunter Strassman | 09/29/2026 | |
| **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) | Each restricted stock unit ("RSU") represents the right to receive one share of the Company's Common Stock upon settlement. The Company may settle vested RSUs in shares of Common Stock, cash equal to the fair market value of those shares, or a combination of shares and cash, in its discretion. |
| (2) | Unless earlier forfeited in accordance with the terms of the award, the RSUs shall vest in 48 equal monthly installments commencing on September 28, 2026. Notwithstanding the foregoing, the RSUs shall fully vest upon the occurrence of certain liquidity events. Unless a liquidity event has occurred before the termination date, the RSUs are automatically forfeited for no consideration on the earlier of September 28, 2036, the tenth anniversary of the grant date, and the fifth anniversary of the termination of the reporting person's active service with the Company. |