11/12/2025 | Press release | Distributed by Public on 11/12/2025 15:15
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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 | (1) | 11/10/2025 | M | 2,000,000 | (1) | (1) | Common Stock | 2,000,000 | $ 0 | 0 | D | ||||
| Reporting Owner Name / Address | Relationships | |||
| Director | 10% Owner | Officer | Other | |
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KANDERS WARREN B C/O KANDERS & COMPANY, INC. 250 ROYAL PALM WAY, SUITE 201 PALM BEACH, FL 33480 |
X | X | CEO AND CHAIRMAN | |
| /s/ Warren B. Kanders | 11/12/2025 | |
| **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) | Comprised of a restricted stock units award ("Restricted Stock Units Award") previously granted under the Issuer's 2021 Stock Incentive Plan (the "Plan") consisting of 2,000,000 restricted shares of Common Stock all of which vested on November 10, 2025, upon the Fair Market Value (as defined in the Plan) of the Common Stock having equaled or exceeded $40.00 per share for twenty consecutive trading days. |
| (2) | Represents the number of shares of Common Stock withheld by the Issuer to satisfy the tax withholding obligations incurred by the Reporting Person as a result of the vesting on November 10, 2025, of the Restricted Stock Units Award. |
| (3) | The Reporting Person is the sole manager and member of Kanders SAF, LLC. |
| (4) | Allison Kanders is the Reporting Person's spouse. |
| (5) | The Reporting Person disclaims beneficial ownership of the securities described in this statement, except to the extent of his pecuniary interest in such securities. |