Item 5. OTHER INFORMATION
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Item 5. OTHER INFORMATION
Rule 10b5-1 Plan Elections
On May 12, 2023, Gavin Hattersley, our President, Chief Executive Officer and Director, entered into a pre-arranged stock trading plan (the “Hattersley 10b5-1 Sales Plan”). The Hattersley 10b5-1 Sales Plan provides for the potential exercise of vested stock options and the associated sale of up to 134,329 shares of the Company’s Class B common stock generated from the exercise of the aforementioned options between August 14, 2023 and August 14, 2024. Further, the Hattersley 10b5-1 Sales Plan was entered into during an open insider trading window and is intended to satisfy the affirmative defense of Rule 10b5-1(c) under the Exchange Act.
On May 19, 2023, Tracey Joubert, our Chief Financial Officer, entered into a pre-arranged stock trading plan (the “Joubert 10b5-1 Sales Plan”). The Joubert 10b5-1 Sales Plan provides for the potential exercise of vested stock options and the associated sale of up to 4,170 shares of the Company’s Class B common stock generated from the exercise of the aforementioned options between August 17, 2023 and February 13, 2024. Further, the Joubert 10b5-1 Sales Plan was entered into during an open insider trading window and is intended to satisfy the affirmative defense of Rule 10b5-1(c) under the Exchange Act.
On June 15, 2023, Michelle St. Jacques, our Chief Commercial Officer, entered into a pre-arranged stock trading plan (the “St. Jacques 10b5-1 Sales Plan”). The St. Jacques 10b5-1 Sales Plan provides for the potential exercise of vested stock options and the associated sale of up to 37,469 shares of the Company’s Class B common stock generated from the exercise of
the aforementioned options between September 13, 2023 and September 13, 2024. Further, the St. Jacques 10b5-1 Sales Plan was entered into during an open insider trading window and is intended to satisfy the affirmative defense of Rule 10b5-1(c) under the Exchange Act.
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