05/18/2026 | Press release | Distributed by Public on 05/18/2026 14:15
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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 | ||||||||
| Stock-Related Performance Restricted Stock Unit | $ 0 | 05/14/2026 | A | 78,700 | (1) | (2) | Class A Common Stock | 78,700 | $ 0 | 78,700 | D | ||||
| Reporting Owner Name / Address | Relationships | |||
| Director | 10% Owner | Officer | Other | |
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Colgrove John 2555 AUGUSTINE DRIVE SANTA CLARA, CA 95054 |
X | Chief Visionary Officer | ||
| /s/ Nicole Armstrong, attorney-in-fact | 05/18/2026 | |
| **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) | The shares of Class A Common Stock are issuable upon vesting of a Long-Term Performance Incentive Restricted Stock Unit ("LTP") award under the Issuer's 2015 Equity Incentive Plan and related award agreement. Shares may become earned only if the prior 30-trading day average closing price of the Issuer's Class A Common Stock equals or exceeds $150.00 per share, as equitably adjusted to reflect any stock split, reverse stock split, or similar change in the Issuer's capital structure affecting its common stock, measured at the end of fiscal 2029, 2030 or 2031. If achieved, 33%, 67% and 100%, respectively, of the target shares become earned. Earned shares vest on March 20, 2029, March 20, 2030 or March 20, 2031, as applicable, with later vesting limited to incremental shares earned, subject to Reporting Person's Continuous Service through the applicable vesting date. Shares issued upon vesting are subject to a one-year post-vest holding period. |
| (2) | If the $150 stock price target is not met by the end of the Issuer's fiscal year ending in 2031, any unearned shares under the LTP award will immediately be forfeited. |