09/12/2025 | Press release | Distributed by Public on 09/12/2025 18:29
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) |
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 | ||||||||
2016 Employee Stock Option (right to buy) | $14.03 | 09/10/2025 | M(1) | 17,600 | (7) | 10/11/2026 | Common Stock | 17,600 | $ 0 | 403,453 | D | ||||
2018 Employee Stock Option (right to buy) | $19.68 | 09/10/2025 | M(1) | 4,400 | (8) | 04/09/2027 | Common Stock | 4,400 | $ 0 | 562,600 | D | ||||
2016 Employee Stock Option (right to buy) | $14.03 | 09/11/2025 | M(1) | 40,909 | (7) | 10/11/2026 | Common Stock | 40,909 | $ 0 | 362,544 | D | ||||
2018 Employee Stock Option (right to buy) | $19.68 | 09/11/2025 | M(1) | 4,800 | (8) | 04/09/2027 | Common Stock | 4,800 | $ 0 | 557,800 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
BURKE JAMES A 6555 SIERRA DRIVE IRVING, TX 75039 |
X | President and CEO |
/s/ Daniela Gutierrez, as Attorney-in-Fact | 09/12/2025 | |
**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 transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on June 12, 2025. |
(2) | Includes an aggregate of approximately (i) 1,232 shares sold for the cashless exercise of the stock options; and (ii) 6,441 shares sold to pay taxes in connection with the exercise of the stock options. |
(3) | Includes an aggregate of approximately (i) 427 shares sold for the cashless exercise of the stock options; and (ii) 1,565 shares sold to pay taxes in connection with the exercise of the stock options. |
(4) | Represents a weighted-average price. These shares were sold in multiple transactions at prices ranging from $203.190 to $203.595, inclusive. For all transactions reported in this Form 4 utilizing a weighted-average price, the reporting person will provide to the issuer, any security holder of the issuer, or the SEC staff, upon request, information regarding the number of shares sold at each price within the range. |
(5) | Includes an aggregate of approximately (i) 3,203 shares sold for the cashless exercise of the stock options; and (ii) 16,728 shares sold to pay taxes in connection with the exercise of the stock options. |
(6) | Represents a weighted-average price. These shares were sold in multiple transactions at prices ranging from $208.11 to $208.78, inclusive. For all transactions reported in this Form 4 utilizing a weighted-average price, the reporting person will provide to the issuer, any security holder of the issuer, or the SEC staff, upon request, information regarding the number of shares sold at each price within the range. |
(7) | The options vested in four equal annual installments beginning October 3, 2017. |
(8) | The options vested 50% 4 years from the grant date with the remaining 50% vesting 5 years from the grant date. |
Remarks: Exhibit 24. Power of Attorney |