08/14/2026 | Press release | Distributed by Public on 08/14/2026 18:09
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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 | ||||||||
| Reporting Owner Name / Address | Relationships | |||
| Director | 10% Owner | Officer | Other | |
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MAVERICK CAPITAL LTD 1900 N. PEARL STREET, 20TH FLOOR DALLAS, TX 75201 |
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MAVERICK CAPITAL MANAGEMENT LLC 1900 N. PEARL STREET, 20TH FLOOR DALLAS, TX 75201 |
X | |||
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AINSLIE LEE S III 360 SOUTH ROSEMARY AVENUE WEST PALM BEACH, FL 33401 |
X | |||
| Maverick Capital, Ltd., By: Trevor Wiessmann, for Maverick Capital, Ltd., by power of attorney for Lee S. Ainslie III, Manager of Maverick Capital Management, LLC, its General Partner, /s/ Trevor Wiessmann | 08/14/2026 | |
| **Signature of Reporting Person | Date | |
| Maverick Capital Management, LLC, By: Trevor Wiessmann, for Maverick Capital Management LLC, by power of attorney for Lee S. Ainslie III, its Manager, /s/ Trevor Wiessmann | 08/14/2026 | |
| **Signature of Reporting Person | Date | |
| Lee S. Ainslie III, By: Trevor Wiessmann, for Lee S. Ainslie III, by power of attorney for Lee S. Ainslie III, /s/ Trevor Wiessmann | 08/14/2026 | |
| **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) | Held directly by Maverick SDT Fund, L.P. ("Maverick SDT"). |
| (2) | Maverick Capital, Ltd. ("Maverick") is a registered investment advisor under the Investment Advisers Act of 1940, as amended. Maverick Capital Management, LLC ("Maverick Capital Management") serves as the general partner to Maverick, and Lee S. Ainslie is the manager of Maverick. Maverick is the investment advisor of Maverick SDT. |
| (3) | Maverick Capital Management is the general partner of Maverick Capital Advisors, L.P. ("Maverick Capital Advisors"). Maverick Capital Advisors is the general partner of Maverick SDT. David B. Singer serves on the board of directors of the Issuer. Each reporting owner disclaims beneficial ownership of the reported securities except to the extent of its or his pecuniary interest therein. |
| (4) | Held directly by Maverick Capital Advisors. |
| (5) | Held directly by family estate planning entities controlled by Mr. Ainslie. |
| (6) | The Reporting Persons' purchase of Common Stock reported herein is matchable under Section 16(b) of the Securities Exchange Act of 1934 with the Reporting Persons' sales of an aggregate of 52,071 shares of Common Stock on May 22, 2026. The Reporting Persons will pay to the Issuer, upon settlement of the purchase, $299,922.51, representing the full amount of the profit realized in connection with the short-swing transaction, less transaction costs. |
| (7) | The reported price is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $12.2500 to $12.4800 inclusive. The reporting persons undertake to provide the Issuer, any securityholder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares purchased at each separate price within such range. |
| (8) | On August 14, 2026, the Reporting Persons delivered 52,071 shares of Common Stock to a lender in repayment of a stock loan. |
| (9) | The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $11.3629 to $11.4800 inclusive. The reporting persons undertake to provide the Issuer, any securityholder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within such range. |
| (10) | The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $10.8450 to $11.0218 inclusive. The reporting persons undertake to provide the Issuer, any securityholder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within such range. |
| (11) | The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $11.0114 to $11.1150 inclusive. The reporting persons undertake to provide the Issuer, any securityholder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within such range. |
| (12) | The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $11.8326 to $11.9100 inclusive. The reporting persons undertake to provide the Issuer, any securityholder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within such range. |
| (13) | The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $11.6650 to $11.7599 inclusive. The reporting persons undertake to provide the Issuer, any securityholder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within such range. |
| (14) | The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $11.7904 to $11.8419 inclusive. The reporting persons undertake to provide the Issuer, any securityholder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within such range. |
| (15) | The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $12.1523 to $12.2450 inclusive. The reporting persons undertake to provide the Issuer, any securityholder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within such range. |