Bremner Thomas S 4

What Happened

• Director Thomas S. Bremner was granted 3,017 restricted stock units (RSUs) on June 10, 2026. The filing reports an acquisition at $0.00 per RSU (total reported value $0). Each RSU represents a contingent right to receive one share of Class A common stock upon vesting. This is an award/grant (not a cash purchase or sale).

Key Details

• Transaction date: 2026-06-10; Filing date: 2026-06-12 (filed within the Form 4 deadline).
• Security/Amount: 3,017 restricted stock units; reporting price per unit: $0.00; total reported value: $0.
• Vesting: Service-based — vests on the earlier of (A) the next annual meeting of stockholders or (B) the one-year anniversary of June 10, 2026.
• Shares owned after transaction: not disclosed in the provided filing.
• Footnote: RSUs convert one-for-one into Class A common shares upon satisfaction of the vesting condition.

Context

• RSU grants are a common form of non-cash compensation for directors; they do not indicate an immediate cash investment or sale. The award becomes economically relevant only if and when the RSUs vest and convert to shares. The filing appears timely (filed two days after the grant).