07/31/2026 | Press release | Distributed by Public on 07/31/2026 05:15
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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 (RSUs) | (1) | 07/29/2026 | M | 100,000 | (4) | (4) | Shares of Common Stock | 100,000 | (1) | 200,000 | D | ||||
| Reporting Owner Name / Address | Relationships | |||
| Director | 10% Owner | Officer | Other | |
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Munro Andrew 5402 EAU CLAIRE DRI RANCHO PALOS VERDES, CA 90275 |
Chief Legal & Policy Officer | |||
| /s/ Harold Callo Sanchez, as Attorney-in-Fact | 07/29/2026 | |
| **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 transaction represents the vesting on July 29, 2026 of 100,000 Restricted Stock Units ("RSUs") granted on July 29, 2025 under the Company's 2021 Equity Incentive Plan (as amended and restated on April 22, 2024) and reported on the Form 4 filed July 31, 2025. This relates to the vesting of the first of three equal annual installments (further details in Note 4 below). Each RSU represents the right to receive one share of Common Stock. These 100,000 RSUs were settled in shares of Common Stock on July 29, 2026. |
| (2) | This transaction represents 38,989 shares of Common Stock withheld for tax obligations in connection with the settlement on July 29, 2026 of 100,000 RSUs that vested on July 29, 2026 (the first of three equal annual installments). The vesting of those 100,000 RSUs is described in Note 1 above. |
| (3) | The 61,011 shares of Common Stock beneficially owned following the reported transactions reflects: (i) 100,000 shares acquired upon vesting of RSUs on July 29, 2026 (Note 1 above); less (v) 38,989 shares withheld for tax upon settlement of RSUs on July 29, 2026 (Note 2 above). |
| (4) | The RSUs reported on the Form 4 filed July 31, 2025 were granted for a total of 300,000 RSUs vesting in three equal annual installments: one-third vested on July 29, 2026; one-third will vest on July 29, 2027; and the remaining one-third will vest on July 29, 2028. Following the vesting and settlement of the first installment reported herein, 200,000 RSUs remain outstanding. |