Item 9B. Other Information
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Item 9B. Other Information
Insider Trading Arrangements
From time to time, our directors and officers may adopt plans for the purchase or sale of our securities. Such plans may be designed to satisfy the affirmative defense conditions of Rule 10b5-1 under the Exchange Act or may constitute non-Rule 10b5-1 trading arrangements (as defined in Item 408(c) of Regulation S-K). During the three months ended December 31, 2024, none of our officers or directors terminated Rule 10b5-1 trading arrangements or adopted or terminated non-Rule 10b5-1 trading arrangements. However, certain of our officers adopted Rule 10b5-1 trading plans for the sale of our securities. The following table provides certain terms of such plans:
| Name | Position | Action | Adoption Date | Expiration Date | Aggregate Number of Securities to be Sold (1) | |||||||||||||||||||||||||||
| Alexander R. Bradley | Chief Financial Officer | Adoption | November 13, 2024 | September 30, 2025 | 15,129 | |||||||||||||||||||||||||||
| Kuntal Kumar Verma | Chief Manufacturing Officer | Adoption | November 14, 2024 | March 31, 2025 | 7,710 |
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(1)Represents the gross number of shares subject to the Rule 10b5-1(c) plan, excluding the potential effect of shares withheld for taxes. Amounts related to performance units are presented at their target amounts. The actual number of performance units that vest following the end of the applicable performance period, if any, will depend on the relative attainment of the performance metrics.
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