filings.toolsItem 5. Other Information
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Item 5. Other Information
Rule 10b5-1 Trading Plans
During the three months ended June 30, 2024, certain executive officers and directors of the Company or a vehicle controlled by them (each, a “Plan Participant”) entered into Rule 10b5-1 trading plan (a “Rule 10b5-1 Trading Plan”) to sell shares of the Company’s Class A common stock, in each case, subject to any applicable volume limitations.
The table below provides certain information regarding each Plan Participant’s Rule 10b5-1 Trading Plan.
| Name and Title | Plan Date | Maximum Shares That May Be Sold Under the Plan | Plan Expiration Date | |||||||||||||||||
| Bennett Rosenthal, Director, Co-Founder and Chairman of Private Equity Group | May 16, 2024 | 250,000 | May 1, 2025 | |||||||||||||||||
| David Kaplan, Director and Co-Founder | May 16, 2024 | 250,000 | May 1, 2025 | |||||||||||||||||
| Ryan Berry, Chief Marketing and Strategy Officer | June 6, 2024 | 250,000 | September 1, 2025 |
A Rule 10b5-1 Trading Plan is a written document that pre-establishes the amounts, prices and dates (or formulas for determining the amounts, prices and dates) of future purchases or sales of the Company’s common stock, including, if applicable, shares issued upon exercise of stock options or vesting of restricted stock units.
Each Plan Participant’s Rule 10b5-1 Trading Plan was adopted during an authorized trading period and when such Plan Participant was not in possession of material non-public information and is intended to satisfy the affirmative defense of Rule 10b5-1(c) under the Exchange Act.
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