Item 1A. RISK FACTORS

There have been no material changes in the company's risk factors from those disclosed in the company's Annual Report on Form 10-K for the year ended December 31, 2024, filed with the SEC on February 27, 2025.


Item 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

Issuer Purchases of Equity Securities


Period	(a) Total Number of Class A Shares Purchased (1)	(b) Average Price Paid Per Share		(c) Total Number of Class A Shares Purchased as Part of Publicly Announced Plans or Programs	(d) Maximum Approximate Value of shares that May Yet Be Purchased Under the Plans or Programs (in millions)
January 1 to January 31	3	$	229.45	—	$	3,000.0
February 1 to February 28	—	—		—	3,000.0
March 1 to March 31	31,621	258.68		—	3,000.0
Total	31,624			—

(1)Shares purchased consist of an aggregate of 31,624 shares of Class A common stock surrendered in the first quarter of 2025 to satisfy employees’ tax obligations upon the vesting of restricted stock.

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