Item 5. Other Information

Insider Trading Arrangements

During the quarter ended June 30, 2023, two individuals serving as a director and/or an officer (as defined in Rule 16a-1(f) of the Exchange Act) of the Company adopted or terminated a trading arrangement for the purchase or sale of the Company’s securities as described in Item 408 of Regulation S-K. The material terms of these plans, each of which is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) of the Exchange Act (“Rule 10b5-1 Plan”), are as follows:

• Christine Y. Yan, a director of the Company, adopted a Rule 10b5-1 Plan on May 18, 2023. Under this plan, a total of 3,624 shares of the Company’s common stock may be sold before the plan expires on May 21, 2024.

• Bernard R. Colpitts, Jr., Senior Vice President and Chief Accounting Officer of the Company, adopted a Rule 10b5-1 Plan on June 12, 2023. Under this plan, a total of 3,800 shares of the Company’s common stock may be sold before the plan expires on December 31, 2023.