Quarterly report pursuant to Section 13 or 15(d)

Insider Trading Arrangements

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Insider Trading Arrangements
 3 Months Ended
Mar. 31, 2024
shares
Trading Arrangements, by Individual  
Material Terms of Trading Arrangement During the three months ended March 31, 2024, no director or officer (as defined in Rule 16a-1(f) of the Exchange Act) of the Company adopted or terminated any contract, instruction or written plan for the purchase or sale of Company securities that was intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) or any "non-Rule 10b5-1 trading arrangement" as each term is defined in Item 408(a) of Regulation S-K, except as set forth below:
Name and Title Action Applicable Duration of Trading Arrangement
Rule 10b5-1 Trading Arrangement?
(Y/N)(1)
Aggregate Number of Securities Subject to Trading Arrangement
Thomas D. Logan Chief Executive Officer
 Adopt February 27, 2024 May 25, 2024 - April 30, 2025 Y
90,000(2)
Brian Schopfer Chief Financial Officer
 Adopt February 26, 2024 June 11, 2024 - June 11, 2025 Y
182,195(3)
Emmanuelle Lee Chief Legal Officer, Chief Compliance Officer and Corporate Secretary
 Adopt March 7, 2024 June 6, 2024 - February 28, 2025 Y
50,000(4)

(1) Denotes whether the trading plan is intended, when adopted, to satisfy the affirmative defense of Rule 10b5-1(c).
(2) Reflects shares of Class B common stock of the Company held of record by Aere Perennius, LLC., a limited liability company established for the benefit of Mr. Logan's adult children, to be sold in twelve (12) monthly installments of 7,500 shares each for the duration of the trading arrangement, subject to a limit price. The shares of Class B common stock will be exchanged for shares of Class A common stock of the Company if sales are triggered under the trading arrangement.

(3) Reflects shares of Class B common stock of the Company held of record by Mr. Schopfer to be sold in two (2) installments of up to 95,238 and 86,957 shares each for the duration of the trading arrangement, subject to two different limit prices. The shares of Class B common stock will be exchanged for shares of Class A common stock of the Company if sales are triggered under the trading arrangement. Mr. Schopfer intends to terminate this Rule 10b5-1 trading plan when the Company trading window opens during the second quarter of 2024.

(4) Reflects shares of Class B common stock of the Company held of record by the Lee Revocable Living Trust for the benefit of Ms. Lee, her spouse and beneficiaries to be sold in ten (10) monthly installments of 5,000 shares each for the duration of the trading arrangement, subject to a limit price. The shares of Class B common stock will be exchanged for shares of Class A common stock of the Company if sales are triggered under the trading arrangement.
Non-Rule 10b5-1 Arrangement Adopted false
Rule 10b5-1 Arrangement Terminated false
Non-Rule 10b5-1 Arrangement Terminated false
Thomas D. Logan [Member]  
Trading Arrangements, by Individual  
Name Thomas D. Logan
Title Chief Executive Officer
Rule 10b5-1 Arrangement Adopted true
Adoption Date February 27, 2024
Arrangement Duration 340 days
Aggregate Available 90,000
Brian Schopfer [Member]  
Trading Arrangements, by Individual  
Name Brian Schopfer
Title Chief Financial Officer
Rule 10b5-1 Arrangement Adopted true
Adoption Date February 26, 2024
Arrangement Duration 365 days
Aggregate Available 182,195
Emmanuelle Lee [Member]  
Trading Arrangements, by Individual  
Name Emmanuelle Lee
Title Chief Legal Officer, Chief Compliance Officer and Corporate Secretary
Rule 10b5-1 Arrangement Adopted true
Adoption Date March 7, 2024
Arrangement Duration 267 days
Aggregate Available 50,000