Item 5. OTHER INFORMATION

(c) Insider Trading Arrangements and Policies

Rule 10b5-1 Plan

Steven O. Vondran, our President and Chief Executive Officer, entered into a pre-arranged stock trading plan on March 6, 2024. Mr. Vondran’s plan provides for the potential exercise of vested stock options and the associated sale of up to 21,537 shares of our common stock between June 5, 2024 and March 10, 2025.

Such trading plan was entered into during an open insider trading window and is intended to satisfy the affirmative defense of Rule 10b5-1 under the Exchange Act and our policies regarding transactions in our securities. Generally, such trading plan pre-establishes the amounts, prices and dates of future purchases or sales of our stock, including shares issued upon the exercise or vesting of equity awards. Under such trading plan, the individual officer relinquishes control over the transactions once the trading plan is put into place. Accordingly, sales under such plan may occur at any time, including possibly before, simultaneously with, or immediately after, significant Company events.