Prime Joshua E 4

What Happened

• Director Joshua E. Prime received a grant of 125 shares classified as an award (code A) on 2026-02-25. The reported acquisition price is $0.00 — this was a non-purchase award (dividend equivalent rights tied to underlying awards), not an open-market buy.

Key Details

• Transaction date: 2026-02-25; filing date: 2026-02-27 (appears timely — filed within the usual 2 business days).
• Shares/units granted: 125; reported price: $0.00 (award/grant).
• Shares owned after transaction: not specified in this Form 4.
• Footnote: The grant represents dividend equivalent rights (DERs). Each DER is a contingent right to receive one share of Class A common stock upon settlement and vests/delivers consistent with the related underlying awards. Unvested awards and DERs vest 100% on the earlier of the day before the next annual meeting or the first anniversary of the grant; some underlying awards are already fully vested but subject to deferred delivery.
• Transaction type: A = Award/Grant (compensation-related, not a purchase or sale).

Context

• DERs are a form of equity compensation that do not require cash outlay by the recipient; they convert to actual shares when settled per the vesting/delivery terms. Such grants to directors are commonly part of routine compensation and do not by themselves indicate buying or selling sentiment.