Item 5. OTHER INFORMATION
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Item 5. OTHER INFORMATION
Trading Arrangements
On May 11, 2026, the 2019 Shah Family Trust, of which Shardul Shah, a member of our board of directors, is trustee, terminated a previously disclosed trading plan intended to satisfy the affirmative defense conditions of Securities Exchange Act Rule 10b5-1(c), which had been entered into on June 13, 2025 and was set to expire on September 12, 2026. The terminated plan provided for the potential sale of up to 95,000 shares of Class A common stock.
During the three months ended June 30, 2026, the Company’s directors and officers (as defined in Rule 16a-1(f) under the Exchange Act) adopted or materially modified written plans intended to satisfy the affirmative defense conditions of Securities Exchange Act Rule 10b5-1(c) for the sale of the Company’s securities as set forth in the table below.
| Name | Position | Action | Date | Total Shares of Class A Common Stock to be Sold | Expiration Date | |||||||||||||||||||||||||||
| Julie Richardson | Director | Adoption | June 4, 2026 | 11,250 | June 15, 2027 | |||||||||||||||||||||||||||
| Yanbing Li | Chief Product Officer | Adoption | June 12, 2026 | 12,700 | September 1, 2027 | |||||||||||||||||||||||||||
| David Obstler(1) | Chief Financial Officer | Adoption | June 13, 2026 | 80,000 | June 30, 2027 | |||||||||||||||||||||||||||
| Alexis Lê-Quôc | Chief Technology Officer and Director | Adoption | June 15, 2026 | 1,332,312 | October 27, 2027 | |||||||||||||||||||||||||||
| (1) The shares will be sold under a Rule 10b5-1 trading plan by Mr. Obstler and two trusts, of which his spouse is trustee. |
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