04/16/2026 | Press release | Distributed by Public on 04/16/2026 16:10
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FORM 3
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF 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. | SEC 1473 (7-02) | ||
| 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. | |||
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1. Title of Derivative Security (Instr. 4) |
2. Date Exercisable and Expiration Date (Month/Day/Year) |
3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) |
4. Conversion or Exercise Price of Derivative Security |
5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5) |
6. Nature of Indirect Beneficial Ownership (Instr. 5) |
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| Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||
| Option | (2) | 11/23/2028 | Common Stock | 52,740 | $11.04 | D | |
| Option | (2) | 10/07/2029 | Common Stock | 12,240 | $13.04 | D | |
| Option | (2) | 12/26/2030 | Common Stock | 18,000 | $32.3 | D | |
| Option | (3) | 11/22/2031 | Common Stock | 60,000 | $20.34 | D | |
| Option | (4) | 05/10/2032 | Common Stock | 14,400 | $22.5 | D | |
| Reporting Owner Name / Address | Relationships | |||
| Director | 10% Owner | Officer | Other | |
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Chae Yuki 5700 WILSHIRE BLVD., SUITE 220 LOS ANGELES, CA 90036 |
Chief Product Officer | |||
| Maximilian Jo, as Attorney-in-Fact for Yuki Chae | 04/16/2026 | |
| **Signature of Reporting Person | Date |
| * | If the form is filed by more than one reporting person, see Instruction 5(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) | A portion of the reported securities represent restricted stock units ("RSUs") which each entitle the reporting person to receive one share of common stock upon vesting. The RSUs vest as follows: (i) 72,177 RSUs vest in two installments of 30,933 RSUs on May 28, 2026 and 41,244 RSUs on May 28, 2027; (ii) 7,297 RSUs vest on March 5, 2027; (iii) 17,848 RSUs vest in three installments of 30% on April 25, 2026, 30% on April 25, 2027 and 40% on April 25, 2028; and (iv) 10,622 RSUs vest in three installments of 30% on May 10, 2026, 30% on May 10, 2027 and 40% on May 10, 2028, subject to continued employment through each such date. |
| (2) | All of the shares subject to the option are fully vested and exercisable as of the date hereof. |
| (3) | All of the shares subject to the option will vest on November 22, 2026, subject to continued employment through the vesting date. |
| (4) | All of the shares subject to the option will vest on May 11, 2027, subject to continued employment through the vesting date. |
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Remarks: Exhibit 24 - Power of Attorney |
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