Item 5. OTHER INFORMATION
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Item 5. OTHER INFORMATION
Insider Trading Arrangements
Our Section 16 officers and directors, as defined in Rule 16a-1(f) of the Securities Exchange Act of 1934 (the “Exchange Act”), may from time to time enter into plans for the purchase or sale of our common stock that are intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) of the Exchange Act. During the quarter ended March 31, 2024, the following Section 16 officers and directors adopted, modified, or terminated “Rule 10b5-1 trading arrangements” (as defined in Item 408 of Regulation S-K of the Exchange Act):
Takeshi Numoto, our Executive Vice President and Chief Marketing Officer, adopted a new written trading plan on February 6, 2024. The plan’s maximum duration is until August 6, 2024. The first trade will not occur until May 30, 2024, at the earliest. The trading plan is intended to permit Mr. Numoto to sell (i) 100% of net vested shares of our common stock pursuant to a Restricted Stock Award that will vest on May 30, 2024, and (ii) 100% of net vested shares of our common stock pursuant to Restricted Stock Awards that will vest on May 31, 2024.
No other officers or directors, as defined in Rule 16a-1(f), adopted, modified, or terminated a “Rule 10b5-1 trading arrangement” or a “non-Rule 10b5-1 trading arrangement,” as defined in Item 408 of Regulation S-K, during the three months ended March 31, 2024.
PART II
Item 6
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