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APPF

APPFOLIO INC

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3638
SEC CIK
0001433195
Parsed reports
452

Last 12 months

Inside the activity.

0 purchase rows · 400 sale rows

Disclosed non-derivative P/S rows, by transaction month. Includes amendments and private transactions.
Monthly counts
MonthPurchasesSales
Nov 2025011
Dec 202500
Jan 202600
Feb 2026011
Mar 202600
Apr 202600
May 202604
Jun 2026010
Jul 2026064
Aug 20260300
Sep 202600
Oct 202600

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Purchases/sales include open-market and private transactions. Plan disclosure applies to the filing; individual rows may differ. “Not disclosed” is not “unplanned.”

The cutoff filters transaction history only. Company summaries and owner relationships show the latest available disclosures. Parser corrections can improve historical records.

Transaction dateOwner / reported roleActivity / securityShares / unitsReported priceReported valueDetails
September 25, 2024 Filed Sep 25, 2024 22:24 UTC SaleClass A Common Stock 289 $234.97 $67,906.33
Disclosure

SEC source: 0001415889-24-023973 · form4-09252024_100900.xml · nonDerivative · entry 9

DUCA MAURICE J · CIK 0000938333 · 10% owner

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 10,390

F1 · kind: Sales made pursuant to a 10(b)5-1 trading plan previously adopted by the Reporting Person on March 15, 2024.

F10 · price: This price reflects the weighted average price at which these shares were sold. The shares were sold in multiple transactions at prices ranging from $234.58 to $235.44, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

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September 24, 2024 Filed Sep 25, 2024 22:24 UTC SaleClass A Common Stock 659 $238.68 $157,290.12
Disclosure

SEC source: 0001415889-24-023973 · form4-09252024_100900.xml · nonDerivative · entry 8

DUCA MAURICE J · CIK 0000938333 · 10% owner

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 10,679

F1 · kind: Sales made pursuant to a 10(b)5-1 trading plan previously adopted by the Reporting Person on March 15, 2024.

F9 · price: This price reflects the weighted average price at which these shares were sold. The shares were sold in multiple transactions at prices ranging from $238.36 to $239.18, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

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September 24, 2024 Filed Sep 25, 2024 22:24 UTC SaleClass A Common Stock 1,236 $237.79 $293,908.44
Disclosure

SEC source: 0001415889-24-023973 · form4-09252024_100900.xml · nonDerivative · entry 7

DUCA MAURICE J · CIK 0000938333 · 10% owner

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 11,338

F1 · kind: Sales made pursuant to a 10(b)5-1 trading plan previously adopted by the Reporting Person on March 15, 2024.

F8 · price: This price reflects the weighted average price at which these shares were sold. The shares were sold in multiple transactions at prices ranging from $237.35 to $238.34, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

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September 24, 2024 Filed Sep 25, 2024 22:24 UTC SaleClass A Common Stock 140 $236.28 $33,079.20
Disclosure

SEC source: 0001415889-24-023973 · form4-09252024_100900.xml · nonDerivative · entry 6

DUCA MAURICE J · CIK 0000938333 · 10% owner

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 12,574

F1 · kind: Sales made pursuant to a 10(b)5-1 trading plan previously adopted by the Reporting Person on March 15, 2024.

F7 · price: This price reflects the weighted average price at which these shares were sold. The shares were sold in multiple transactions at prices ranging from $236.27 to $236.30, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

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September 24, 2024 Filed Sep 25, 2024 22:24 UTC SaleClass A Common Stock 160 $235.97 $37,755.20
Disclosure

SEC source: 0001415889-24-023973 · form4-09252024_100900.xml · nonDerivative · entry 5

DUCA MAURICE J · CIK 0000938333 · 10% owner

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 12,714

F1 · kind: Sales made pursuant to a 10(b)5-1 trading plan previously adopted by the Reporting Person on March 15, 2024.

F6 · price: This price reflects the weighted average price at which these shares were sold. The shares were sold in multiple transactions at prices ranging from $235.25 to $236.22, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

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September 23, 2024 Filed Sep 25, 2024 22:24 UTC SaleClass A Common Stock 742 $236.46 $175,453.32
Disclosure

SEC source: 0001415889-24-023973 · form4-09252024_100900.xml · nonDerivative · entry 4

DUCA MAURICE J · CIK 0000938333 · 10% owner

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 12,874

F1 · kind: Sales made pursuant to a 10(b)5-1 trading plan previously adopted by the Reporting Person on March 15, 2024.

F5 · price: This price reflects the weighted average price at which these shares were sold. The shares were sold in multiple transactions at prices ranging from $236.15 to $236.58, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

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September 23, 2024 Filed Sep 25, 2024 22:24 UTC SaleClass A Common Stock 1,000 $235.41 $235,410.00
Disclosure

SEC source: 0001415889-24-023973 · form4-09252024_100900.xml · nonDerivative · entry 3

DUCA MAURICE J · CIK 0000938333 · 10% owner

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 13,616

F1 · kind: Sales made pursuant to a 10(b)5-1 trading plan previously adopted by the Reporting Person on March 15, 2024.

F4 · price: This price reflects the weighted average price at which these shares were sold. The shares were sold in multiple transactions at prices ranging from $235.05 to $235.88, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

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September 23, 2024 Filed Sep 25, 2024 22:24 UTC SaleClass A Common Stock 61 $233.78 $14,260.58
Disclosure

SEC source: 0001415889-24-023973 · form4-09252024_100900.xml · nonDerivative · entry 2

DUCA MAURICE J · CIK 0000938333 · 10% owner

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 14,616

F1 · kind: Sales made pursuant to a 10(b)5-1 trading plan previously adopted by the Reporting Person on March 15, 2024.

F3 · price: This price reflects the weighted average price at which these shares were sold. The shares were sold in multiple transactions at prices ranging from $233.72 to $233.81, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

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September 23, 2024 Filed Sep 25, 2024 22:24 UTC SaleClass A Common Stock 39 $232.33 $9,060.87
Disclosure

SEC source: 0001415889-24-023973 · form4-09252024_100900.xml · nonDerivative · entry 1

DUCA MAURICE J · CIK 0000938333 · 10% owner

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 14,677

F1 · kind: Sales made pursuant to a 10(b)5-1 trading plan previously adopted by the Reporting Person on March 15, 2024.

F2 · price: This price reflects the weighted average price at which these shares were sold. The shares were sold in multiple transactions at prices ranging from $232.21 to $232.39, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

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September 20, 2024 Filed Sep 20, 2024 22:17 UTC SaleClass A Common Stock 1,100 $234.65 $258,115.00
Disclosure

SEC source: 0001415889-24-023796 · form4-09202024_100932.xml · nonDerivative · entry 7

DUCA MAURICE J · CIK 0000938333 · 10% owner

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 14,716

F1 · kind: Sales made pursuant to a 10(b)5-1 trading plan previously adopted by the Reporting Person on March 15, 2024.

F8 · price: This price reflects the weighted average price at which these shares were sold. The shares were sold in multiple transactions at prices ranging from $234.28 to $235.19, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

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September 20, 2024 Filed Sep 20, 2024 22:17 UTC SaleClass A Common Stock 1,200 $233.91 $280,692.00
Disclosure

SEC source: 0001415889-24-023796 · form4-09202024_100932.xml · nonDerivative · entry 6

DUCA MAURICE J · CIK 0000938333 · 10% owner

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 15,816

F1 · kind: Sales made pursuant to a 10(b)5-1 trading plan previously adopted by the Reporting Person on March 15, 2024.

F7 · price: This price reflects the weighted average price at which these shares were sold. The shares were sold in multiple transactions at prices ranging from $233.27 to $234.26, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

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September 20, 2024 Filed Sep 20, 2024 22:17 UTC SaleClass A Common Stock 400 $232.81 $93,124.00
Disclosure

SEC source: 0001415889-24-023796 · form4-09202024_100932.xml · nonDerivative · entry 5

DUCA MAURICE J · CIK 0000938333 · 10% owner

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 17,016

F1 · kind: Sales made pursuant to a 10(b)5-1 trading plan previously adopted by the Reporting Person on March 15, 2024.

F6 · price: This price reflects the weighted average price at which these shares were sold. The shares were sold in multiple transactions at prices ranging from $232.26 to $233.21, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

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September 19, 2024 Filed Sep 20, 2024 22:17 UTC SaleClass A Common Stock 500 $234.82 $117,410.00
Disclosure

SEC source: 0001415889-24-023796 · form4-09202024_100932.xml · nonDerivative · entry 4

DUCA MAURICE J · CIK 0000938333 · 10% owner

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 17,416

F1 · kind: Sales made pursuant to a 10(b)5-1 trading plan previously adopted by the Reporting Person on March 15, 2024.

F5 · price: This price reflects the weighted average price at which these shares were sold. The shares were sold in multiple transactions at prices ranging from $234.32 to $235.26, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

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September 19, 2024 Filed Sep 20, 2024 22:17 UTC SaleClass A Common Stock 500 $233.48 $116,740.00
Disclosure

SEC source: 0001415889-24-023796 · form4-09202024_100932.xml · nonDerivative · entry 3

DUCA MAURICE J · CIK 0000938333 · 10% owner

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 17,916

F1 · kind: Sales made pursuant to a 10(b)5-1 trading plan previously adopted by the Reporting Person on March 15, 2024.

F4 · price: This price reflects the weighted average price at which these shares were sold. The shares were sold in multiple transactions at prices ranging from $233.13 to $233.82, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

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September 19, 2024 Filed Sep 20, 2024 22:17 UTC SaleClass A Common Stock 506 $232.09 $117,437.54
Disclosure

SEC source: 0001415889-24-023796 · form4-09202024_100932.xml · nonDerivative · entry 2

DUCA MAURICE J · CIK 0000938333 · 10% owner

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 18,416

F1 · kind: Sales made pursuant to a 10(b)5-1 trading plan previously adopted by the Reporting Person on March 15, 2024.

F3 · price: This price reflects the weighted average price at which these shares were sold. The shares were sold in multiple transactions at prices ranging from $232.06 to $232.16, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

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September 18, 2024 Filed Sep 20, 2024 22:17 UTC SaleClass A Common Stock 200 $232.18 $46,436.00
Disclosure

SEC source: 0001415889-24-023796 · form4-09202024_100932.xml · nonDerivative · entry 1

DUCA MAURICE J · CIK 0000938333 · 10% owner

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 18,922

F1 · kind: Sales made pursuant to a 10(b)5-1 trading plan previously adopted by the Reporting Person on March 15, 2024.

F2 · price: This price reflects the weighted average price at which these shares were sold. The shares were sold in multiple transactions at prices ranging from $232.00 to $232.36, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

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September 03, 2024 Filed Sep 5, 2024 23:25 UTC Amendment ConversionClass B Common Stock · Derivative 2,572 $0.00 Strike: $0.00 $0.00
Disclosure

SEC source: 0001415889-24-022978 · form4a-09052024_110911.xml · derivative · entry 7

DUCA MAURICE J · CIK 0000938333 · 10% owner

10b5-1 filing: Plan reported

Ownership: Indirect · By IGSB Cardinal Core MX, LLC

Disclosed balance after: 22,028

Underlying: Class A Common Stock · 2,572 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · kind: The Reporting Person acquired these 2,572 shares of Class A Common Stock ("Class A Shares") by converting a like number of shares of Class B Common Stock ("Class B Shares") that were owned by the Reporting Person.

F6 · derivative.exercise_date: Each Class B Share is convertible, at any time at the option of the holder, into one Class A Share. In addition, Class B Shares that are sold or otherwise transferred will convert automatically, on a one share-for-one share basis, into Class A Shares, except for (i) any transfer by a partnership or limited liability company that was a registered holder of Class B Shares prior to June 30, 2015 that is made to anyone who was a partner or member of any such partnership or limited liability company prior to June 30, 2015, and (ii) any transfer to a "qualified recipient" (as defined in AppFolio's Amended and Restated Certificate of Incorporation).

F7 · derivative.exercise_date: (Continued from Footnote 6) AppFolio's Class B Shares do not have an expiration date. However, all of the outstanding Class B Shares will convert automatically into Class A Shares, on a one share-for-one share basis, on the date when the number of the Company's outstanding Class B Shares represents less than 10% of the sum of AppFolio's outstanding Class A Shares and Class B Shares.

F6 · derivative.expiration_date: Each Class B Share is convertible, at any time at the option of the holder, into one Class A Share. In addition, Class B Shares that are sold or otherwise transferred will convert automatically, on a one share-for-one share basis, into Class A Shares, except for (i) any transfer by a partnership or limited liability company that was a registered holder of Class B Shares prior to June 30, 2015 that is made to anyone who was a partner or member of any such partnership or limited liability company prior to June 30, 2015, and (ii) any transfer to a "qualified recipient" (as defined in AppFolio's Amended and Restated Certificate of Incorporation).

F7 · derivative.expiration_date: (Continued from Footnote 6) AppFolio's Class B Shares do not have an expiration date. However, all of the outstanding Class B Shares will convert automatically into Class A Shares, on a one share-for-one share basis, on the date when the number of the Company's outstanding Class B Shares represents less than 10% of the sum of AppFolio's outstanding Class A Shares and Class B Shares.

F8 · ownership.nature: These Class B Shares are owned by IGSB Cardinal Core MX, LLC, a limited liability company, of which the Reporting Person is the managing member. In that capacity, the Reporting Person possesses sole voting and dispositive power over these Class B Shares, but he disclaims beneficial ownership over the Class B Shares, except to the extent of any pecuniary interest he may have therein.

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September 03, 2024 Filed Sep 5, 2024 23:25 UTC Amendment ConversionClass A Common Stock 2,572 $0.00 $0.00
Disclosure

SEC source: 0001415889-24-022978 · form4a-09052024_110911.xml · nonDerivative · entry 1

DUCA MAURICE J · CIK 0000938333 · 10% owner

10b5-1 filing: Plan reported

Ownership: Indirect · By IGSB Cardinal Core MX, LLC

Disclosed balance after: 2,572

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · kind: The Reporting Person acquired these 2,572 shares of Class A Common Stock ("Class A Shares") by converting a like number of shares of Class B Common Stock ("Class B Shares") that were owned by the Reporting Person.

F2 · ownership.nature: These Class A Shares are owned by IGSB Cardinal Core MX, LLC, a limited liability company, of which the Reporting Person is the managing member. In that capacity, the Reporting Person possesses sole voting and dispositive power over these Class A Shares, but he disclaims beneficial ownership over the Class A Shares, except to the extent of any pecuniary interest he may have therein.

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September 03, 2024 Filed Sep 5, 2024 22:37 UTC ConversionClass B Common Stock · Derivative 2,572 $0.00 Strike: $0.00 $0.00
Disclosure

SEC source: 0001415889-24-022973 · form4-09052024_100917.xml · derivative · entry 7

DUCA MAURICE J · CIK 0000938333 · 10% owner

10b5-1 filing: Plan reported

Ownership: Indirect · By IGSB Cardinal Core MX, LLC

Disclosed balance after: 22,028

Underlying: Class A Common Stock · Not disclosed shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · kind: The Reporting Person acquired these 2,572 shares of Class A Common Stock ("Class A Shares") by converting a like number of shares of Class B Common Stock ("Class B Shares") that were owned by the Reporting Person.

F6 · derivative.exercise_date: Each Class B Share is convertible, at any time at the option of the holder, into one Class A Share. In addition, Class B Shares that are sold or otherwise transferred will convert automatically, on a one share-for-one share basis, into Class A Shares, except for (i) any transfer by a partnership or limited liability company that was a registered holder of Class B Shares prior to June 30, 2015 that is made to anyone who was a partner or member of any such partnership or limited liability company prior to June 30, 2015, and (ii) any transfer to a "qualified recipient" (as defined in AppFolio's Amended and Restated Certificate of Incorporation).

F7 · derivative.exercise_date: (Continued from Footnote 6) AppFolio's Class B Shares do not have an expiration date. However, all of the outstanding Class B Shares will convert automatically into Class A Shares, on a one share-for-one share basis, on the date when the number of the Company's outstanding Class B Shares represents less than 10% of the sum of AppFolio's outstanding Class A Shares and Class B Shares.

F6 · derivative.expiration_date: Each Class B Share is convertible, at any time at the option of the holder, into one Class A Share. In addition, Class B Shares that are sold or otherwise transferred will convert automatically, on a one share-for-one share basis, into Class A Shares, except for (i) any transfer by a partnership or limited liability company that was a registered holder of Class B Shares prior to June 30, 2015 that is made to anyone who was a partner or member of any such partnership or limited liability company prior to June 30, 2015, and (ii) any transfer to a "qualified recipient" (as defined in AppFolio's Amended and Restated Certificate of Incorporation).

F7 · derivative.expiration_date: (Continued from Footnote 6) AppFolio's Class B Shares do not have an expiration date. However, all of the outstanding Class B Shares will convert automatically into Class A Shares, on a one share-for-one share basis, on the date when the number of the Company's outstanding Class B Shares represents less than 10% of the sum of AppFolio's outstanding Class A Shares and Class B Shares.

F6 · derivative.underlying_shares: Each Class B Share is convertible, at any time at the option of the holder, into one Class A Share. In addition, Class B Shares that are sold or otherwise transferred will convert automatically, on a one share-for-one share basis, into Class A Shares, except for (i) any transfer by a partnership or limited liability company that was a registered holder of Class B Shares prior to June 30, 2015 that is made to anyone who was a partner or member of any such partnership or limited liability company prior to June 30, 2015, and (ii) any transfer to a "qualified recipient" (as defined in AppFolio's Amended and Restated Certificate of Incorporation).

F7 · derivative.underlying_shares: (Continued from Footnote 6) AppFolio's Class B Shares do not have an expiration date. However, all of the outstanding Class B Shares will convert automatically into Class A Shares, on a one share-for-one share basis, on the date when the number of the Company's outstanding Class B Shares represents less than 10% of the sum of AppFolio's outstanding Class A Shares and Class B Shares.

F2 · ownership.nature: These Class B Shares are owned by IGSB Cardinal Core MX, LLC, a limited liability company, of which the Reporting Person is the managing member. In that capacity, the Reporting Person possesses sole voting and dispositive power over these Class B Shares, but he disclaims beneficial ownership over the Class B Shares, except to the extent of any pecuniary interest he may have therein.

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September 03, 2024 Filed Sep 5, 2024 22:37 UTC ConversionClass A Common Stock 2,572 $0.00 $0.00
Disclosure

SEC source: 0001415889-24-022973 · form4-09052024_100917.xml · nonDerivative · entry 1

DUCA MAURICE J · CIK 0000938333 · 10% owner

10b5-1 filing: Plan reported

Ownership: Indirect · By IGSB Cardinal Core MX, LLC

Disclosed balance after: 2,572

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · kind: The Reporting Person acquired these 2,572 shares of Class A Common Stock ("Class A Shares") by converting a like number of shares of Class B Common Stock ("Class B Shares") that were owned by the Reporting Person.

F2 · ownership.nature: These Class B Shares are owned by IGSB Cardinal Core MX, LLC, a limited liability company, of which the Reporting Person is the managing member. In that capacity, the Reporting Person possesses sole voting and dispositive power over these Class B Shares, but he disclaims beneficial ownership over the Class B Shares, except to the extent of any pecuniary interest he may have therein.

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August 30, 2024 Filed Sep 3, 2024 21:38 UTC SaleClass A Common Stock 200 $234.28 $46,856.00
Disclosure

SEC source: 0001415889-24-022701 · form4-09032024_090900.xml · nonDerivative · entry 6

DUCA MAURICE J · CIK 0000938333 · 10% owner

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 19,122

F1 · kind: Sales made pursuant to a 10(b)5-1 trading plan previously adopted by the Reporting Person on March 15, 2024.

F7 · price: This price reflects the weighted average price at which these shares were sold. The shares were sold in multiple transactions at prices ranging from $234.13 to $234.43, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

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August 30, 2024 Filed Sep 3, 2024 21:38 UTC SaleClass A Common Stock 1,085 $233.35 $253,184.75
Disclosure

SEC source: 0001415889-24-022701 · form4-09032024_090900.xml · nonDerivative · entry 5

DUCA MAURICE J · CIK 0000938333 · 10% owner

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 19,322

F1 · kind: Sales made pursuant to a 10(b)5-1 trading plan previously adopted by the Reporting Person on March 15, 2024.

F6 · price: This price reflects the weighted average price at which these shares were sold. The shares were sold in multiple transactions at prices ranging from $233.08 to $233.83, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

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August 30, 2024 Filed Sep 3, 2024 21:38 UTC SaleClass A Common Stock 989 $232.38 $229,823.82
Disclosure

SEC source: 0001415889-24-022701 · form4-09032024_090900.xml · nonDerivative · entry 4

DUCA MAURICE J · CIK 0000938333 · 10% owner

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 20,407

F1 · kind: Sales made pursuant to a 10(b)5-1 trading plan previously adopted by the Reporting Person on March 15, 2024.

F5 · price: This price reflects the weighted average price at which these shares were sold. The shares were sold in multiple transactions at prices ranging from $232.07 to $232.92, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

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August 29, 2024 Filed Sep 3, 2024 21:38 UTC SaleClass A Common Stock 300 $234.48 $70,344.00
Disclosure

SEC source: 0001415889-24-022701 · form4-09032024_090900.xml · nonDerivative · entry 3

DUCA MAURICE J · CIK 0000938333 · 10% owner

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 21,396

F1 · kind: Sales made pursuant to a 10(b)5-1 trading plan previously adopted by the Reporting Person on March 15, 2024.

F4 · price: This price reflects the weighted average price at which these shares were sold. The shares were sold in multiple transactions at prices ranging from $234.25 to $234.81, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

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August 29, 2024 Filed Sep 3, 2024 21:38 UTC SaleClass A Common Stock 701 $233.45 $163,648.45
Disclosure

SEC source: 0001415889-24-022701 · form4-09032024_090900.xml · nonDerivative · entry 2

DUCA MAURICE J · CIK 0000938333 · 10% owner

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 21,696

F1 · kind: Sales made pursuant to a 10(b)5-1 trading plan previously adopted by the Reporting Person on March 15, 2024.

F3 · price: This price reflects the weighted average price at which these shares were sold. The shares were sold in multiple transactions at prices ranging from $233.09 to $233.92, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

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August 29, 2024 Filed Sep 3, 2024 21:38 UTC SaleClass A Common Stock 600 $232.34 $139,404.00
Disclosure

SEC source: 0001415889-24-022701 · form4-09032024_090900.xml · nonDerivative · entry 1

DUCA MAURICE J · CIK 0000938333 · 10% owner

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 22,397

F1 · kind: Sales made pursuant to a 10(b)5-1 trading plan previously adopted by the Reporting Person on March 15, 2024.

F2 · price: This price reflects the weighted average price at which these shares were sold. The shares were sold in multiple transactions at prices ranging from $232.00 to $232.60, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

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August 28, 2024 Filed Aug 28, 2024 22:25 UTC SaleClass A Common Stock 500 $232.59 $116,295.00
Disclosure

SEC source: 0001415889-24-022493 · form4-08282024_100856.xml · nonDerivative · entry 7

DUCA MAURICE J · CIK 0000938333 · 10% owner

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 22,997

F1 · kind: Sales made pursuant to a 10(b)5-1 trading plan previously adopted by the Reporting Person on March 15, 2024.

F7 · price: This price reflects the weighted average price at which these shares were sold. The shares were sold in multiple transactions at prices ranging from $232.05 to $233.00, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

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August 27, 2024 Filed Aug 28, 2024 22:25 UTC SaleClass A Common Stock 1,003 $232.31 $233,006.93
Disclosure

SEC source: 0001415889-24-022493 · form4-08282024_100856.xml · nonDerivative · entry 6

DUCA MAURICE J · CIK 0000938333 · 10% owner

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 23,497

F1 · kind: Sales made pursuant to a 10(b)5-1 trading plan previously adopted by the Reporting Person on March 15, 2024.

F6 · price: This price reflects the weighted average price at which these shares were sold. The shares were sold in multiple transactions at prices ranging from $232.04 to $232.90, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

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August 26, 2024 Filed Aug 28, 2024 22:25 UTC SaleClass A Common Stock 192 $236.46 $45,400.32
Disclosure

SEC source: 0001415889-24-022493 · form4-08282024_100856.xml · nonDerivative · entry 5

DUCA MAURICE J · CIK 0000938333 · 10% owner

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 24,500

F1 · kind: Sales made pursuant to a 10(b)5-1 trading plan previously adopted by the Reporting Person on March 15, 2024.

F5 · price: This price reflects the weighted average price at which these shares were sold. The shares were sold in multiple transactions at prices ranging from $236.45 to $236.48, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

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August 26, 2024 Filed Aug 28, 2024 22:25 UTC SaleClass A Common Stock 776 $235.81 $182,988.56
Disclosure

SEC source: 0001415889-24-022493 · form4-08282024_100856.xml · nonDerivative · entry 4

DUCA MAURICE J · CIK 0000938333 · 10% owner

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 24,692

F1 · kind: Sales made pursuant to a 10(b)5-1 trading plan previously adopted by the Reporting Person on March 15, 2024.

F4 · price: This price reflects the weighted average price at which these shares were sold. The shares were sold in multiple transactions at prices ranging from $235.43 to $236.13, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

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August 26, 2024 Filed Aug 28, 2024 22:25 UTC SaleClass A Common Stock 1,100 $234.87 $258,357.00
Disclosure

SEC source: 0001415889-24-022493 · form4-08282024_100856.xml · nonDerivative · entry 3

DUCA MAURICE J · CIK 0000938333 · 10% owner

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 25,468

F1 · kind: Sales made pursuant to a 10(b)5-1 trading plan previously adopted by the Reporting Person on March 15, 2024.

F3 · price: This price reflects the weighted average price at which these shares were sold. The shares were sold in multiple transactions at prices ranging from $234.42 to $235.36, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

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August 26, 2024 Filed Aug 28, 2024 22:25 UTC SaleClass A Common Stock 800 $233.95 $187,160.00
Disclosure

SEC source: 0001415889-24-022493 · form4-08282024_100856.xml · nonDerivative · entry 2

DUCA MAURICE J · CIK 0000938333 · 10% owner

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 26,568

F1 · kind: Sales made pursuant to a 10(b)5-1 trading plan previously adopted by the Reporting Person on March 15, 2024.

F2 · price: This price reflects the weighted average price at which these shares were sold. The shares were sold in multiple transactions at prices ranging from $233.41 to $234.29, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

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August 26, 2024 Filed Aug 28, 2024 22:25 UTC SaleClass A Common Stock 100 $232.00 $23,200.00
Disclosure

SEC source: 0001415889-24-022493 · form4-08282024_100856.xml · nonDerivative · entry 1

DUCA MAURICE J · CIK 0000938333 · 10% owner

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 27,368

F1 · kind: Sales made pursuant to a 10(b)5-1 trading plan previously adopted by the Reporting Person on March 15, 2024.

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August 16, 2024 Filed Aug 20, 2024 17:25 UTC
Trigg William ShaneDirector · Chief Executive Officer
SaleClass A Common Stock 3,501 $218.98 $766,648.98
Disclosure

SEC source: 0001433195-24-000118 · wk-form4_1724174744.xml · nonDerivative · entry 1

Trigg William Shane · CIK 0001837400 · Director · Chief Executive Officer

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 81,699

F1 · shares: These shares were sold pursuant to a Rule 10b5-1 Plan adopted by Reporting Person on or around May 10, 2024.

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August 15, 2024 Filed Aug 19, 2024 17:00 UTC
Mazza Matthew SChief Legal Officer
SaleClass A Common Stock 145 $222.69 $32,290.05
Disclosure

SEC source: 0001433195-24-000116 · wk-form4_1724086827.xml · nonDerivative · entry 4

Mazza Matthew S · CIK 0001915860 · Chief Legal Officer

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 39,980

F1 · kind: These shares were sold pursuant to a plan adopted by the Reporting Person on or around May 16, 2024

F5 · price: The price reported in Column 4 is a weighted-average price. The price actually received ranges from $222.52 to $223.51 For all transactions reported in this Form 4 utilizing a weighted-average price, the Reporting Person undertakes to provide upon request by the SEC staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price within the range.

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August 15, 2024 Filed Aug 19, 2024 17:00 UTC
Mazza Matthew SChief Legal Officer
SaleClass A Common Stock 968 $221.90 $214,799.20
Disclosure

SEC source: 0001433195-24-000116 · wk-form4_1724086827.xml · nonDerivative · entry 3

Mazza Matthew S · CIK 0001915860 · Chief Legal Officer

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 40,125

F1 · kind: These shares were sold pursuant to a plan adopted by the Reporting Person on or around May 16, 2024

F4 · price: The price reported in Column 4 is a weighted-average price. The price actually received ranges from $221.50 to $222.49. For all transactions reported in this Form 4 utilizing a weighted-average price, the Reporting Person undertakes to provide upon request by the SEC staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price within the range.

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August 15, 2024 Filed Aug 19, 2024 17:00 UTC
Mazza Matthew SChief Legal Officer
SaleClass A Common Stock 878 $221.19 $194,204.82
Disclosure

SEC source: 0001433195-24-000116 · wk-form4_1724086827.xml · nonDerivative · entry 2

Mazza Matthew S · CIK 0001915860 · Chief Legal Officer

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 41,093

F1 · kind: These shares were sold pursuant to a plan adopted by the Reporting Person on or around May 16, 2024

F3 · price: The price reported in Column 4 is a weighted-average price. The price actually received ranges from $220.49 to $221.48. For all transactions reported in this Form 4 utilizing a weighted-average price, the Reporting Person undertakes to provide upon request by the SEC staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price within the range.

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August 15, 2024 Filed Aug 19, 2024 17:00 UTC
Mazza Matthew SChief Legal Officer
SaleClass A Common Stock 380 $219.01 $83,223.80
Disclosure

SEC source: 0001433195-24-000116 · wk-form4_1724086827.xml · nonDerivative · entry 1

Mazza Matthew S · CIK 0001915860 · Chief Legal Officer

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 41,971

F1 · kind: These shares were sold pursuant to a plan adopted by the Reporting Person on or around May 16, 2024

F2 · price: The price reported in Column 4 is a weighted-average price. The price actually received ranges from $219.00 to $219.99. For all transactions reported in this Form 4 utilizing a weighted-average price, the Reporting Person undertakes to provide upon request by the SEC staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price within the range.

Read SEC document
August 10, 2024 Filed Aug 13, 2024 20:31 UTC
Goon Fay SienChief Financial Officer
Tax withholdingClass A Common Stock 73 $213.92 $15,616.16
Disclosure

SEC source: 0001433195-24-000114 · wk-form4_1723581065.xml · nonDerivative · entry 5

Goon Fay Sien · CIK 0001769660 · Chief Financial Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 90,971

F5 · shares: Class A Common Stock withheld by the Issuer to satisfy the minimum tax withholding obligations of the Reporting Person arising in connection with the vesting on August 10, 2024 of the time-based restricted stock units (RSUs) previously granted to the Reporting Person on January 23, 2024 pursuant to the Issuer's 2015 Stock Incentive Plan.

Read SEC document
August 10, 2024 Filed Aug 13, 2024 20:31 UTC
Goon Fay SienChief Financial Officer
Tax withholdingClass A Common Stock 340 $213.92 $72,732.80
Disclosure

SEC source: 0001433195-24-000114 · wk-form4_1723581065.xml · nonDerivative · entry 4

Goon Fay Sien · CIK 0001769660 · Chief Financial Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 91,044

F4 · shares: Class A Common Stock withheld by the Issuer to satisfy the minimum tax withholding obligations of the Reporting Person arising in connection with the vesting on August 10, 2024 of the time-based restricted stock units (RSUs) previously granted to the Reporting Person on January 24, 2023 pursuant to the Issuer's 2015 Stock Incentive Plan.

Read SEC document
August 10, 2024 Filed Aug 13, 2024 20:31 UTC
Goon Fay SienChief Financial Officer
Tax withholdingClass A Common Stock 309 $213.92 $66,101.28
Disclosure

SEC source: 0001433195-24-000114 · wk-form4_1723581065.xml · nonDerivative · entry 3

Goon Fay Sien · CIK 0001769660 · Chief Financial Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 91,384

F3 · shares: Class A Common Stock withheld by the Issuer to satisfy the minimum tax withholding obligations of the Reporting Person arising in connection with the vesting on August 10, 2024 of the time-based restricted stock units (RSUs) previously granted to the Reporting Person on December 13, 2021 pursuant to the Issuer's 2015 Stock Incentive Plan.

Read SEC document
August 10, 2024 Filed Aug 13, 2024 20:31 UTC
Goon Fay SienChief Financial Officer
Tax withholdingClass A Common Stock 731 $213.92 $156,375.52
Disclosure

SEC source: 0001433195-24-000114 · wk-form4_1723581065.xml · nonDerivative · entry 2

Goon Fay Sien · CIK 0001769660 · Chief Financial Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 91,693

F2 · shares: Consists of Class A Common Stock withheld by the Issuer to satisfy the minimum tax withholding obligations of the Reporting Person arising in connection with the vesting on August 10, 2024 of the performance-based restricted stock units (RSUs) previously granted to the Reporting Person in January 25, 2023 pursuant to the Issuer's 2015 Stock Incentive Plan.

Read SEC document
August 10, 2024 Filed Aug 13, 2024 20:31 UTC
Goon Fay SienChief Financial Officer
Tax withholdingClass A Common Stock 704 $213.92 $150,599.68
Disclosure

SEC source: 0001433195-24-000114 · wk-form4_1723581065.xml · nonDerivative · entry 1

Goon Fay Sien · CIK 0001769660 · Chief Financial Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 92,424

F1 · shares: Consists of Class A Common Stock withheld by the Issuer to satisfy the minimum tax withholding obligations of the Reporting Person arising in connection with the vesting on August 10, 2024 of the performance-based restricted stock units (RSUs) previously granted to the Reporting Person in December 13, 2021 pursuant to the Issuer's 2015 Stock Incentive Plan.

Read SEC document
August 10, 2024 Filed Aug 13, 2024 20:31 UTC
Trigg William ShaneDirector · Chief Executive Officer
Tax withholdingClass A Common Stock 218 $213.92 $46,634.56
Disclosure

SEC source: 0001433195-24-000113 · wk-form4_1723581054.xml · nonDerivative · entry 6

Trigg William Shane · CIK 0001837400 · Director · Chief Executive Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 85,200

F6 · shares: Class A Common Stock withheld by the Issuer to satisfy the minimum tax withholding obligations of the Reporting Person arising in connection with the vesting on August 10, 2024 of the time-based restricted stock units (RSUs) previously granted to the Reporting Person on January 24, 2024 pursuant to the Issuer's 2015 Stock Incentive Plan.

Read SEC document
August 10, 2024 Filed Aug 13, 2024 20:31 UTC
Trigg William ShaneDirector · Chief Executive Officer
Tax withholdingClass A Common Stock 376 $213.92 $80,433.92
Disclosure

SEC source: 0001433195-24-000113 · wk-form4_1723581054.xml · nonDerivative · entry 5

Trigg William Shane · CIK 0001837400 · Director · Chief Executive Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 85,418

F5 · shares: Class A Common Stock withheld by the Issuer to satisfy the minimum tax withholding obligations of the Reporting Person arising in connection with the vesting on August 10, 2024 of the time-based restricted stock units (RSUs) previously granted to the Reporting Person on March 1, 2023 pursuant to the Issuer's 2015 Stock Incentive Plan.

Read SEC document
August 10, 2024 Filed Aug 13, 2024 20:31 UTC
Trigg William ShaneDirector · Chief Executive Officer
Tax withholdingClass A Common Stock 793 $213.92 $169,638.56
Disclosure

SEC source: 0001433195-24-000113 · wk-form4_1723581054.xml · nonDerivative · entry 4

Trigg William Shane · CIK 0001837400 · Director · Chief Executive Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 85,794

F4 · shares: Class A Common Stock withheld by the Issuer to satisfy the minimum tax withholding obligations of the Reporting Person arising in connection with the vesting on August 10, 2024 of the time-based restricted stock units (RSUs) previously granted to the Reporting Person on January 24, 2023 pursuant to the Issuer's 2015 Stock Incentive Plan.

Read SEC document
August 10, 2024 Filed Aug 13, 2024 20:31 UTC
Trigg William ShaneDirector · Chief Executive Officer
Tax withholdingClass A Common Stock 238 $213.92 $50,912.96
Disclosure

SEC source: 0001433195-24-000113 · wk-form4_1723581054.xml · nonDerivative · entry 3

Trigg William Shane · CIK 0001837400 · Director · Chief Executive Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 86,587

F3 · shares: Class A Common Stock withheld by the Issuer to satisfy the minimum tax withholding obligations of the Reporting Person arising in connection with the vesting on August 10, 2024 of the time-based restricted stock units (RSUs) previously granted to the Reporting Person on December 13, 2021 pursuant to the Issuer's 2015 Stock Incentive Plan.

Read SEC document
August 10, 2024 Filed Aug 13, 2024 20:31 UTC
Trigg William ShaneDirector · Chief Executive Officer
Tax withholdingClass A Common Stock 1,707 $213.92 $365,161.44
Disclosure

SEC source: 0001433195-24-000113 · wk-form4_1723581054.xml · nonDerivative · entry 2

Trigg William Shane · CIK 0001837400 · Director · Chief Executive Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 86,825

F2 · shares: Consists of Class A Common Stock withheld by the Issuer to satisfy the minimum tax withholding obligations of the Reporting Person arising in connection with the vesting on August 10, 2024 of the performance-based restricted stock units (RSUs) previously granted to the Reporting Person in January 25, 2023 pursuant to the Issuer's 2015 Stock Incentive Plan.

Read SEC document
August 10, 2024 Filed Aug 13, 2024 20:31 UTC
Trigg William ShaneDirector · Chief Executive Officer
Tax withholdingClass A Common Stock 540 $213.92 $115,516.80
Disclosure

SEC source: 0001433195-24-000113 · wk-form4_1723581054.xml · nonDerivative · entry 1

Trigg William Shane · CIK 0001837400 · Director · Chief Executive Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 88,532

F1 · shares: Consists of Class A Common Stock withheld by the Issuer to satisfy the minimum tax withholding obligations of the Reporting Person arising in connection with the vesting on August 10, 2024 of the performance-based restricted stock units (RSUs) previously granted to the Reporting Person in December 13, 2021 pursuant to the Issuer's 2015 Stock Incentive Plan.

Read SEC document
August 10, 2024 Filed Aug 13, 2024 20:30 UTC
Mazza Matthew SChief Legal Officer
Tax withholdingClass A Common Stock 117 $213.92 $25,028.64
Disclosure

SEC source: 0001433195-24-000112 · wk-form4_1723581039.xml · nonDerivative · entry 5

Mazza Matthew S · CIK 0001915860 · Chief Legal Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 42,351

F5 · shares: Class A Common Stock withheld by the Issuer to satisfy the minimum tax withholding obligations of the Reporting Person arising in connection with the vesting on August 10, 2024 of the time-based restricted stock units (RSUs) previously granted to the Reporting Person on January 23, 2024 pursuant to the Issuer's 2015 Stock Incentive Plan.

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Value uses the disclosed total when available, otherwise shares × reported transaction price. It is not an estimate of exercise cash cost or investment performance.