Item 5. OTHER INFORMATION
3K characters. Original on sec.gov · Markdown
Item 5. OTHER INFORMATION
DIRECTOR AND EXECUTIVE OFFICER TRADING PLANS AND ARRANGEMENTS
Our directors and executive officers may enter into trading plans or other arrangements with financial institutions to purchase or sell shares of our common stock. These plans or arrangements may be intended to comply with the affirmative defense provisions of Rule 10b5-1 of the Exchange Act (Rule 10b5-1 trading plans), or they may represent non-Rule 10b5-1 trading arrangements, in each case as defined under Item 408(a) of Regulation S-K.
Set forth below is a summary of the adoption, modification, and termination activity of our directors and executive officers with respect to Rule 10b5-1 trading plans during the three months ended June 30, 2024:
| Name & Title | Adoption Date | Termination Date | Contract End Date | Aggregate Shares Covered (in ones) | ||||||||||||||||||||||
| Dave Powers, Chief Executive Officer (1) | September 8, 2023 | April 15, 2024 (2) | April 22, 2024 | 35,957 | ||||||||||||||||||||||
| Stefano Caroti, Chief Commercial Officer (1) | March 7, 2024 | June 6, 2024 (2) | August 31, 2024 | 5,000 | ||||||||||||||||||||||
| Stefano Caroti, Chief Commercial Officer (1) | June 7, 2024 | * | September 30, 2025 | 3,569 | ||||||||||||||||||||||
| Steven Fasching, Chief Financial Officer | June 4, 2024 | * | January 31, 2025 | 3,000 | ||||||||||||||||||||||
| Anne Spangenberg, President, Fashion Lifestyle Group | June 4, 2024 | * | June 1, 2025 | 2,781 | ||||||||||||||||||||||
| Bonita Stewart, Director | June 4, 2024 | * | May 29, 2025 | 2,250 | ||||||||||||||||||||||
| Maha Ibrahim, Director | June 6, 2024 | * | September 9, 2025 | 250 |
(1) As disclosed in Part I, Item 2 within this Quarterly Report, Mr. Powers retired as our Chief Executive Officer and President effective August 1, 2024, and Mr. Caroti succeeded Mr. Powers in these roles effective as of the same date. Mr. Powers is expected to continue to serve as a member of our Board, if elected by our stockholders at the Annual Meeting of Stockholders to be held on September 9, 2024.
(2) This trading plan was terminated automatically prior to the contract end date upon the sale of all shares covered by the plan.
*Not applicable.
During the three months ended June 30, 2024, no non-Rule 10b5-1 trading arrangements were adopted, modified, or terminated by our directors or executive officers.
Previous: Item 1A. RISK FACTORS · Next: Item 6. EXHIBITS