04/14/2026 | Press release | Distributed by Public on 04/14/2026 04:04
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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 | ||||||||
| Stock Option (Right to Buy) | $0.16 | 04/13/2026 | A | 187,500 | (1) | 04/13/2036 | Class A Common Stock | 187,500 | $ 0 | 187,500 | D | ||||
| Stock Option (Right to Buy) | $0.16 | 04/13/2026 | A | 62,500 | (2) | 04/13/2036 | Class A Common Stock | 62,500 | $ 0 | 62,500 | D | ||||
| Reporting Owner Name / Address | Relationships | |||
| Director | 10% Owner | Officer | Other | |
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Mbanugo Joy FOUR PALO ALTO SQUARE, SUITE 200 3000 EL CAMINO REAL PALO ALTO, CA 94306 |
Chief Financial Officer | |||
| /s/ Khurram P. Sheikh, as attorney-in-fact | 04/14/2026 | |
| **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) | On April 13, 2026, the Reporting Person was granted 187,500 stock options as part of the annual compensation package for serving as an employee of the Company. The shares subject to the options vest as follows: 1/3rd on the first anniversary of the grant date and 1/24th of the remaining options in equal monthly installments over the next 24 months. |
| (2) | On April 13, 2026, the Reporting Person was granted 62,500 performance-based stock options as part of the annual compensation package for serving as an employee of the Company. The shares subject to the performance-based options will vest based on the Company's stock price performance. |