Item 5. OTHER INFORMATION.
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Item 5. OTHER INFORMATION.
Rule 10b5-1 Trading Plans
During the quarter ended June 30, 2023, none of our directors or executive officers adopted any contract, instruction or written plan for the purchase or sale of our securities that was intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) (a “10b5-1 trading arrangement”) or any “non-Rule 10b5-1 trading arrangement” as defined in Item 408(c) of Regulation S-K.
Effective as of May 23, 2023, Christophe Fauchon de Villeplee, President, Scent, terminated his Rule 10b5-1 trading arrangement. Mr. de Villeplee’s 10b5-1 trading arrangement was adopted on February 10, 2023 and provided for the potential sale of up to 7,613 shares of our common stock, including shares of common stock obtained from the vesting of restricted stock units and restricted stock covered by the 10b5-1 trading arrangement.
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