Krystyn Elizabeth 4

What Happened

• Krystyn Elizabeth, reported as a 10% owner, converted derivative securities into common stock and sold the resulting shares in open-market transactions on March 6, 2026. She sold 90,556 shares for $21.25 each (proceeds $1,924,315) and 29,431 shares for $21.25 each (proceeds $625,409), totaling $2,549,724. The conversions are shown as $0 transactions (no cash paid) and were followed by the sales.

Key Details

• Transaction date: 2026-03-06.
• Sales: 90,556 shares @ $21.25 ($1,924,315) and 29,431 shares @ $21.25 ($625,409); total proceeds $2,549,724.
• Conversions: Corresponding derivative conversions reported (C) for 90,556 and 29,431 shares at $0.00 prior to/alongside the sales.
• Shares owned after transaction: Not specified in the provided filing details.
• Footnotes:
  • F1: Securities held by the Elizabeth H. Krystyn 2017 Revocable Trust (reporting person is sole trustee/beneficiary).
  • F2: Securities held by the Elizabeth H. Krystyn 2019 Irrevocable Trust (spouse Enrique M. Fueyo is sole trustee).
  • F3: LLC Units (with Class B shares) may be exchanged for Class A common stock on a one-for-one basis; LLC Units do not expire — this explains the conversions shown.
• Timeliness: Filing date matches the report date (filed 2026-03-06), indicating a timely report.

Context

• The filing shows conversion of derivative units into common stock followed by immediate open-market sales (functionally similar to converting/exchanging units and selling the resulting shares). As a 10% owner, Elizabeth is a major shareholder rather than necessarily an executive; such dispositions may be for portfolio/liquidity reasons. The filing is factual and does not indicate motive.