Haas Bradley J. 4

What Happened

• Bradley J. Haas, listed as a 10% owner and trustee, reported an "other acquisition or disposition (J)" on Feb 20, 2026, acquiring 791,370 shares of Class B Common Stock at $0.00 (reported as a derivative transaction). The filing notes these Class B shares are convertible into Class A shares at the holder's option and have no expiration date. The reported acquisition was a distribution from trusts rather than an open‑market purchase.

Key Details

• Transaction date and filing: Transaction reported for 2026-02-20; Form 4 filed 2026-02-24 (within the typical two business-day filing window).
• Shares and price: 791,370 Class B shares acquired at $0.00 (derivative distribution).
• Shares owned after transaction: Not specified in the provided summary of the filing.
• Notable footnotes: F1 (Class B shares convertible to Class A); F2 (shares received as a trust distribution to trusts of which Mr. Haas is trustee); F3–F6 (many shares are held in trusts, custodial accounts, or by his spouse, and Mr. Haas disclaims beneficial ownership of those holdings).
• Transaction code: "J" — other acquisition/disposition (here, trust distribution rather than a market purchase).

Context

• This was a non‑cash distribution from trusts, not a market purchase or sale; such trust distributions and transfers generally do not signal the insider’s buying/selling sentiment. As a 10% owner and trustee, many holdings are structured in trusts or custodial accounts with disclaimers of beneficial ownership noted in the filing. The Class B shares are convertible to Class A shares, but no conversion or sale was reported in this Form 4.