Peter E. Haas Jr. Family Fund 4

What Happened

• The Peter E. Haas Jr. Family Fund (a 10% owner) converted 145,662 shares of Class B common stock into 145,662 shares of Class A common stock and immediately sold those Class A shares in the open market on 2026-06-11. The sale price was $24.01 per share, generating proceeds of approximately $3,497,112. The conversion reflected a one-for-one conversion of Class B to Class A shares at no cost to the holder.

Key Details

• Transaction date: 2026-06-11; Filing date: 2026-06-12 (appears timely).
• Sale: 145,662 shares sold at $24.01 each; proceeds ≈ $3,497,112.
• Conversion: 145,662 Class B shares converted into 145,662 Class A shares (no cash paid).
• Plan: Shares were disposed pursuant to a Rule 10b5-1 plan adopted April 13, 2026.
• Shares owned after transaction: Not specified in the provided excerpt.
• No indication in filing excerpt that this was a gift or tax withholding transaction.

Context

• The filing shows a conversion of Class B to Class A shares followed by an immediate open-market sale (a common process for holders of convertible share classes). As a 10% owner, this is an institutional-level transaction rather than an executive compensation sale. Sales under pre-established 10b5-1 plans are routine and do not, by themselves, indicate the holder’s current view on the company.