05/18/2026 | Press release | Distributed by Public on 05/18/2026 16:32
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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 | ||||||||
| Restricted Stock Units | (3) | 05/14/2026 | M | 71,811 | (4) | (5) | Class A Common Stock | 71,811 | $ 0 | 143,627 | D | ||||
| Restricted Stock Units | (3) | 05/14/2026 | M | 17,372 | (6) | (5) | Class A Common Stock | 17,372 | $ 0 | 0 | D | ||||
| Restricted Stock Units | (3) | 05/14/2026 | M | 25,146 | (7) | (8) | Class A Common Stock | 25,146 | $ 0 | 25,146 | D | ||||
| Reporting Owner Name / Address | Relationships | |||
| Director | 10% Owner | Officer | Other | |
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Arroyo David 50 W. 23RD STREET, 6TH FLOOR NEW YORK, NY 10010 |
CLO | |||
| /s/ Heather Flores-Ricks, Attorney-in-Fact for David Arroyo | 05/18/2026 | |
| **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) | These shares of Class A common stock reflect the vesting of restricted stock units ("RSUs") on May 14, 2026. Each RSU is convertible into a share of Issuer's Class A common stock on a 1-for-1 basis. |
| (2) | Shares withheld to pay taxes applicable to the settlement of the RSUs previously awarded to the Reporting Person to which footnote (1) refers. |
| (3) | Each RSU represents a contingent right to receive one share of the Issuer's Class A common stock, subject to the Reporting Person's continued status as a service provider to the Issuer. |
| (4) | 71,811 RSUs settled on the transaction date. The remaining 143,627 RSUs vest as to 1/12 of the total award quarterly in equal installments on the 1st of August, November, February and May thereafter. |
| (5) | These RSUs do not expire; they either vest or are cancelled prior to the vesting date. |
| (6) | The RSU grant vested one hundred percent of the total award on February 25, 2026. |
| (7) | 25,146 RSUs vested in February 2026 and settled on the transaction date. The remaining 25,146 RSUs will vest on May 19, 2026. |
| (8) | Not applicable. |