PASCAL ANDREW S 4

What Happened

• Pascal Andrew S (a 10% owner; manager of DreamStreet Holdings, LLC and trustee of the Pascal Family Trust) recorded a disposition to the issuer of 625,000 derivative shares and a contemporaneous grant/acquisition of 625,000 derivative awards on March 12, 2026. Both transactions are reported at $0.00 (no cash proceeds).
• This is not an open-market sale or purchase — it reflects a cancellation/transfer back to the company and issuance of unvested performance stock units (derivative awards), not a cash transaction.

Key Details

• Transaction date: March 12, 2026; Filing date: March 16, 2026 (no late-filing flag indicated).
• Price: $0.00 for both the disposition and the grant; Total cash value reported = $0.
• Shares owned after transaction: Not specified in the provided filing.
• Notable footnotes:
  • F1: Reporting person acts as manager/trustee for related entities.
  • F4: The acquired awards are unvested Performance Stock Units that, if they vest, will convert into up to one share of Class A common stock each and are contingent on pre-established performance metrics for fiscal 2026.
  • F3: A prior 2025 performance award was forfeited (per filing footnote).
  • F2: Class B common stock (where applicable) converts to Class A and carries enhanced voting rights; the awards settle in Class A shares upon vesting.

Context

• These are derivative awards (performance stock units) contingent on future performance and vesting; they do not represent an immediate sale or market-direction trade. For retail investors, such grants indicate compensation/accounting adjustments rather than an insider buying or cashing out. As a 10% owner and related-party manager/trustee, this is institutional insider activity rather than a routine executive open-market trade.