Item 5. OTHER INFORMATION
1K characters. Original on sec.gov ·
Item 5. OTHER INFORMATION
On December 2, 2025, Lachlan K. Murdoch, the Company’s Executive Chair and Chief Executive Officer, and John P. Nallen, the Company’s President and Chief Operating Officer, each adopted a plan intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) under the Securities Exchange Act of 1934, as amended (a “Rule 10b5-1 plan”). Each plan provides for the future potential exercise of vested stock options (which are scheduled to expire in 2026) and the associated sale of up to (a) 952,384 shares of Class A Common Stock in the case of Mr. Murdoch’s plan and (b) 459,115 shares of Class A Common Stock in the case of Mr. Nallen’s plan. Each plan expires on August 5, 2026, or earlier either upon the completed sale of all shares subject to such plan or in certain other circumstances. Also on December 2, 2025, Mr. Murdoch adopted a Rule 10b5-1 plan for the future potential transfer by him of 175,372 shares of Class A Common Stock to a family trust, subject to certain conditions, which plan expires on August 5, 2026, or earlier in certain circumstances.
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