08/10/2026 | Press release | Distributed by Public on 08/10/2026 15:20
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FORM 4
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
| Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) | ||
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1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) |
4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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| Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
| Performance Restricted Stock Units(2) | (3) | 08/06/2026 | A | V | 540,123 | (3) | (3) | Common Stock | 540,123 | $ 0 | 540,123 | D | |||
| Reporting Owner Name / Address | Relationships | |||
| Director | 10% Owner | Officer | Other | |
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Moorehead Terrence 3300 N. TRIUMPH BLVD SUITE 700 LEHI, UT 84043 |
X | President and CEO | ||
| /s/ Mark Taylor, Power of Attorney for Terrence Moorehead | 08/10/2026 | |
| **Signature of Reporting Person | Date |
| * | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
| ** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
| (1) | This reflects a stock unit award, in which each stock unit represents a right to receive one share of issuer common stock, which award will vest, subject to the reporting person's continued service with the issuer, as follows: (i) 1/3 of the total number of units will vest on August 6, 2027, (ii) 1/3 of the total number of units will vest on August 6, 2028 and (iii) 1/3 of the total number of units will vest on August 6, 2029. |
| (2) | Each Performance Restricted Stock Unit ("PRSU") represents a right to receive one share of issuer common stock. |
| (3) | The PRSUs will vest only to the extent certain financial performance targets are achieved over a three-year period commencing on August 6, 2026 and ending on August 6, 2029, subject to the reporting person's continued service with the issuer through the applicable vesting date. To the extent a financial performance target is achieved, 10% of the PRSUs will vest on the achievement date and 10% shall vest on the 1-year anniversary of the achievement date. |