08/11/2026 | Press release | Distributed by Public on 08/11/2026 19:49
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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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Tian Jing 983 UNIVERSITY AVENUE, SUITE B LOS GATOS, CA 95032 |
Chief Growth Officer | |||
| /s/ Bill Roeschlein, as attorney-in-fact | 08/11/2026 | |
| **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) | Represents shares of common stock, par value $0.0001 per share ("Common Stock"), underlying restricted stock units ("RSUs") granted to the reporting person on August 7, 2026 (the "August 2026 Grant Date") pursuant to the Issuer's 2023 Incentive Plan. One-Third (1/3) of the RSUs shall vest, and an equal number of shares of Common Stock will be deliverable to the reporting person, on each of the first three anniversaries of the August 2026 Grant Date, subject to continued service through each such vesting date. |
| (2) | Includes 7,408 shares of Common Stock underlying RSUs granted to the reporting person on August 11, 2023 (the "August 2023 Grant Date"), 47,516 shares of Common Stock underlying RSUs granted to the reporting person on September 16, 2024 (the "September 2024 Grant Date"), and 51,416 shares of Common Stock underlying RSU's granted to the reporting person on August 1, 2025 (the "August 2025 Grant Date"), in each case, pursuant to the Issuer's 2023 Incentive Plan. |
| (3) | (Continuation of the Footnote (2)) One-Third (1/3) of the RSUs initially granted to the reporting person on August 11, 2023 vested and an equal number of shares of Common Stock were delivered to the reporting person on August 11, 2024, August 11, 2025, and August 11, 2026. One-Third (1/3) of the RSUs granted to the reporting person on September 16, 2024 vested and an equal number of shares of Common Stock were delivered to the reporting person on September 16, 2025, and one-third of the RSUs subject to the grant shall vest, and an equal number of shares of Common Stock will be deliverable to the reporting person, on each of the second and third anniversaries of the September 2024 Grant Date, subject to continued service through each such vesting date. |
| (4) | (Continuation of the Footnote (2)) One-Third (1/3) of the RSUs granted to the reporting person on August 1, 2025 vested and an equal number of shares of Common Stock were delivered to the reporting person on August 1, 2026, and one-third of the RSUs subject to the grant shall vest, and an equal number of shares of Common Stock will be deliverable to the reporting person, on each of the second and third anniversaries of the August 2025 Grant Date, subject to continued service through each such vesting date. |
| (5) | Represents shares of common stock, par value $0.0001 per share ("Common Stock") withheld in an exempt disposition to the Issuer under Rule 16b-3(e) to satisfy tax withholding obligations of the reporting person arising out of the vesting of previously reported restricted stock units ("RSUs"). |
| (6) | Includes 47,516 shares of Common Stock underlying RSUs granted to the reporting person on September 16, 2024 (the "September 2024 Grant Date"), 51,416 shares of Common Stock underlying RSUs granted to the reporting person on August 1, 2025 (the "August 2025 Grant Date"), and 61,800 shares of Common Stock underlying RSUs granted to the reporting person on August 7, 2026 (the "August 2026 Grant Date"), in each case, pursuant to the Issuer's 2023 Incentive Plan. |