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Nasdaq · USD

CBRS

Cerebras Systems Inc.

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3072
SEC CIK
0002021728
Parsed reports
74

Last 12 months

Inside the activity.

0 purchase rows · 333 sale rows

Disclosed non-derivative P/S rows, by transaction month. Includes amendments and private transactions.
Monthly counts
MonthPurchasesSales
Nov 202500
Dec 202500
Jan 202600
Feb 202600
Mar 202600
Apr 202600
May 202600
Jun 20260130
Jul 202600
Aug 20260138
Sep 2026065
Oct 202600

Latest available

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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
October 05, 2026 Filed Oct 7, 2026 21:48 UTC
Vishria EricDirector
OtherClass A Common Stock 59,126 $0.00 $0.00
Disclosure

SEC source: 0001104659-26-114412 · tm2627178-1_4seq1.xml · nonDerivative · entry 1

Vishria Eric · CIK 0001617474 · Director

10b5-1 filing: Plan reported

Ownership: Indirect · See Footnote

Disclosed balance after: 334,980

F1 · kind: Represents a pro-rata, in-kind distribution by Benchmark Capital Partners VIII, L.P. ("BCP VIII") and its affiliated funds, not for additional consideration, to its partners, including their respective members and assignees, in accordance with a Rule 10b5-1 trading plan adopted by BCP VIII on May 14, 2026.

F2 · ownership.nature: Shares are held by entities controlled by the reporting person.

Read SEC document
October 05, 2026 Filed Oct 6, 2026 20:51 UTC
Feldman Andrew D.Director · CEO, President
OtherClass A Common Stock 159 $0.00 $0.00
Disclosure

SEC source: 0001628280-26-065256 · wk-form4_1791319899.xml · nonDerivative · entry 1

Feldman Andrew D. · CIK 0002039573 · Director · CEO, President

10b5-1 filing: No plan indicated

Ownership: Indirect · By Feldman Bravo Family Trust

Disclosed balance after: 1,085

F1 · kind: Represents a pro-rata, in-kind distribution not for additional consideration.

Read SEC document
September 30, 2026 Filed Oct 3, 2026 00:21 UTC
Susan LiorDirector
OtherClass A Common Stock 63,056 Not disclosed Not disclosed
Disclosure

SEC source: 0001193125-26-412337 · ownership.xml · nonDerivative · entry 3

Susan Lior · CIK 0001832895 · Director

10b5-1 filing: No plan indicated

Ownership: Indirect · See footnote

Disclosed balance after: 372,659

F3 · kind: The shares were obtained pursuant to a pro-rata, in-kind distribution from the Eclipse Entities, for no additional consideration.

F3 · price: The shares were obtained pursuant to a pro-rata, in-kind distribution from the Eclipse Entities, for no additional consideration.

F4 · ownership.nature: The shares are held directly by an estate-planning vehicle which is controlled by the Reporting Person.

Read SEC document
September 30, 2026 Filed Oct 3, 2026 00:21 UTC
Susan LiorDirector
OtherClass A Common Stock 68,428 Not disclosed Not disclosed
Disclosure

SEC source: 0001193125-26-412337 · ownership.xml · nonDerivative · entry 2

Susan Lior · CIK 0001832895 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 420,355

F3 · kind: The shares were obtained pursuant to a pro-rata, in-kind distribution from the Eclipse Entities, for no additional consideration.

F3 · price: The shares were obtained pursuant to a pro-rata, in-kind distribution from the Eclipse Entities, for no additional consideration.

Read SEC document
September 30, 2026 Filed Oct 3, 2026 00:21 UTC
Susan LiorDirector
OtherClass A Common Stock 1,198,489 Not disclosed Not disclosed
Disclosure

SEC source: 0001193125-26-412337 · ownership.xml · nonDerivative · entry 1

Susan Lior · CIK 0001832895 · Director

10b5-1 filing: No plan indicated

Ownership: Indirect · See footnote

Disclosed balance after: 5,292,222

F1 · kind: Represents a pro-rata, in-kind distribution by the Eclipse Entities (as defined below) to its partners, for no additional consideration (the "Distribution").

F1 · price: Represents a pro-rata, in-kind distribution by the Eclipse Entities (as defined below) to its partners, for no additional consideration (the "Distribution").

F2 · ownership.nature: Following the distribution, consists of (i) 314,543 shares of Class A common stock held by Eclipse Continuity Fund I, L.P. ("Eclipse Continuity Fund"); (ii) 2,573,548 shares of Class A common stock held by Eclipse SPV II, L.P. ("Eclipse SPV II"); (iii) 235,755 shares of Class A common stock held by Eclipse SPV XIII, L.P. ("Eclipse SPV XIII"); and (iv) 2,168,376 shares of Class A common stock held by Eclipse Ventures Fund I, L.P. ("Eclipse Fund," and together with Eclipse Continuity Fund, Eclipse SPV II, and Eclipse SPV XIII, "Eclipse Entities"). The Reporting Person is the sole managing member of the general partner of each of the Eclipse Entities and may be deemed to have voting, investment, and dispositive power with respect to the shares held by such entities.

Read SEC document
September 29, 2026 Filed Oct 1, 2026 02:34 UTC
Mallick DhirajChief Operating Officer
ConversionClass B Common Stock · Derivative 276,000 $0.00 $0.00
Disclosure

SEC source: 0001628280-26-064042 · wk-form4_1790807666.xml · derivative · entry 23

Mallick Dhiraj · CIK 0002039572 · Chief Operating Officer

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 520,807

Underlying: Class A Common Stock · 276,000 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 · derivative.exercise_price: The Class B Common Stock is convertible into an equal number of Class A Common Stock at any time, at the Reporting Person's election, and has no expiration date.

F1 · derivative.exercise_date: The Class B Common Stock is convertible into an equal number of Class A Common Stock at any time, at the Reporting Person's election, and has no expiration date.

F1 · derivative.expiration_date: The Class B Common Stock is convertible into an equal number of Class A Common Stock at any time, at the Reporting Person's election, and has no expiration date.

Read SEC document
September 29, 2026 Filed Oct 1, 2026 02:34 UTC
Mallick DhirajChief Operating Officer
Exercise / conversionClass B Common Stock · Derivative 276,000 $0.00 $0.00
Disclosure

SEC source: 0001628280-26-064042 · wk-form4_1790807666.xml · derivative · entry 22

Mallick Dhiraj · CIK 0002039572 · Chief Operating Officer

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 796,807

Underlying: Class A Common Stock · 276,000 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 · derivative.exercise_price: The Class B Common Stock is convertible into an equal number of Class A Common Stock at any time, at the Reporting Person's election, and has no expiration date.

F1 · derivative.exercise_date: The Class B Common Stock is convertible into an equal number of Class A Common Stock at any time, at the Reporting Person's election, and has no expiration date.

F1 · derivative.expiration_date: The Class B Common Stock is convertible into an equal number of Class A Common Stock at any time, at the Reporting Person's election, and has no expiration date.

Read SEC document
September 29, 2026 Filed Oct 1, 2026 02:34 UTC
Mallick DhirajChief Operating Officer
Exercise / conversionStock Option · Derivative 276,000 $0.00 Strike: $0.98 $0.00
Disclosure

SEC source: 0001628280-26-064042 · wk-form4_1790807666.xml · derivative · entry 21

Mallick Dhiraj · CIK 0002039572 · Chief Operating Officer

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 91,370

Underlying: Class B Common Stock · 276,000 shares

Expires 2028-07-16

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.

F22 · derivative.exercise_date: The stock option is fully vested and exercisable.

Read SEC document
September 29, 2026 Filed Oct 1, 2026 02:34 UTC
Mallick DhirajChief Operating Officer
SaleClass A Common Stock 68,830 $194.91 $13,415,655.30
Disclosure

SEC source: 0001628280-26-064042 · wk-form4_1790807666.xml · nonDerivative · entry 20

Mallick Dhiraj · CIK 0002039572 · Chief Operating Officer

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 0

F2 · kind: The sale reported on this Form 4 represents shares sold by the Reporting Person pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on June 30, 2026

F21 · price: The sale price reported in Column 4 of Table 1 represents the weighted average sale price of the shares sold ranging from $194.27 to $195.26, inclusive. Upon request by the staff of the Securities and Exchange commission, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price.

Read SEC document
September 29, 2026 Filed Oct 1, 2026 02:34 UTC
Mallick DhirajChief Operating Officer
SaleClass A Common Stock 18,703 $195.56 $3,657,558.68
Disclosure

SEC source: 0001628280-26-064042 · wk-form4_1790807666.xml · nonDerivative · entry 19

Mallick Dhiraj · CIK 0002039572 · Chief Operating Officer

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 68,830

F2 · kind: The sale reported on this Form 4 represents shares sold by the Reporting Person pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on June 30, 2026

F20 · price: The sale price reported in Column 4 of Table 1 represents the weighted average sale price of the shares sold ranging from $195.27 to $195.96, inclusive. Upon request by the staff of the Securities and Exchange commission, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price.

Read SEC document
September 29, 2026 Filed Oct 1, 2026 02:34 UTC
Mallick DhirajChief Operating Officer
SaleClass A Common Stock 6,613 $197.05 $1,303,091.65
Disclosure

SEC source: 0001628280-26-064042 · wk-form4_1790807666.xml · nonDerivative · entry 18

Mallick Dhiraj · CIK 0002039572 · Chief Operating Officer

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 87,533

F2 · kind: The sale reported on this Form 4 represents shares sold by the Reporting Person pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on June 30, 2026

F19 · price: The sale price reported in Column 4 of Table 1 represents the weighted average sale price of the shares sold ranging from $196.41 to $197.40, inclusive. Upon request by the staff of the Securities and Exchange commission, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price.

Read SEC document
September 29, 2026 Filed Oct 1, 2026 02:34 UTC
Mallick DhirajChief Operating Officer
SaleClass A Common Stock 5,170 $197.85 $1,022,884.50
Disclosure

SEC source: 0001628280-26-064042 · wk-form4_1790807666.xml · nonDerivative · entry 17

Mallick Dhiraj · CIK 0002039572 · Chief Operating Officer

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 94,146

F2 · kind: The sale reported on this Form 4 represents shares sold by the Reporting Person pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on June 30, 2026

F18 · price: The sale price reported in Column 4 of Table 1 represents the weighted average sale price of the shares sold ranging from $197.41 to $198.40, inclusive. Upon request by the staff of the Securities and Exchange commission, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price.

Read SEC document
September 29, 2026 Filed Oct 1, 2026 02:34 UTC
Mallick DhirajChief Operating Officer
SaleClass A Common Stock 17,000 $198.96 $3,382,320.00
Disclosure

SEC source: 0001628280-26-064042 · wk-form4_1790807666.xml · nonDerivative · entry 16

Mallick Dhiraj · CIK 0002039572 · Chief Operating Officer

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 99,316

F2 · kind: The sale reported on this Form 4 represents shares sold by the Reporting Person pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on June 30, 2026

F17 · price: The sale price reported in Column 4 of Table 1 represents the weighted average sale price of the shares sold ranging from $198.42 to $199.41, inclusive. Upon request by the staff of the Securities and Exchange commission, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price.

Read SEC document
September 29, 2026 Filed Oct 1, 2026 02:34 UTC
Mallick DhirajChief Operating Officer
SaleClass A Common Stock 17,848 $199.89 $3,567,636.72
Disclosure

SEC source: 0001628280-26-064042 · wk-form4_1790807666.xml · nonDerivative · entry 15

Mallick Dhiraj · CIK 0002039572 · Chief Operating Officer

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 116,316

F2 · kind: The sale reported on this Form 4 represents shares sold by the Reporting Person pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on June 30, 2026

F16 · price: The sale price reported in Column 4 of Table 1 represents the weighted average sale price of the shares sold ranging from $199.42 to $200.37, inclusive. Upon request by the staff of the Securities and Exchange commission, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price.

Read SEC document
September 29, 2026 Filed Oct 1, 2026 02:34 UTC
Mallick DhirajChief Operating Officer
SaleClass A Common Stock 22,915 $200.96 $4,604,998.40
Disclosure

SEC source: 0001628280-26-064042 · wk-form4_1790807666.xml · nonDerivative · entry 14

Mallick Dhiraj · CIK 0002039572 · Chief Operating Officer

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 134,164

F2 · kind: The sale reported on this Form 4 represents shares sold by the Reporting Person pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on June 30, 2026

F15 · price: The sale price reported in Column 4 of Table 1 represents the weighted average sale price of the shares sold ranging from $200.42 to $201.41, inclusive. Upon request by the staff of the Securities and Exchange commission, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price.

Read SEC document
September 29, 2026 Filed Oct 1, 2026 02:34 UTC
Mallick DhirajChief Operating Officer
SaleClass A Common Stock 5,637 $201.91 $1,138,166.67
Disclosure

SEC source: 0001628280-26-064042 · wk-form4_1790807666.xml · nonDerivative · entry 13

Mallick Dhiraj · CIK 0002039572 · Chief Operating Officer

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 157,079

F2 · kind: The sale reported on this Form 4 represents shares sold by the Reporting Person pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on June 30, 2026

F14 · price: The sale price reported in Column 4 of Table 1 represents the weighted average sale price of the shares sold ranging from $201.44 to $202.39, inclusive. Upon request by the staff of the Securities and Exchange commission, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price.

Read SEC document
September 29, 2026 Filed Oct 1, 2026 02:34 UTC
Mallick DhirajChief Operating Officer
SaleClass A Common Stock 9,682 $203.37 $1,969,028.34
Disclosure

SEC source: 0001628280-26-064042 · wk-form4_1790807666.xml · nonDerivative · entry 12

Mallick Dhiraj · CIK 0002039572 · Chief Operating Officer

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 162,716

F2 · kind: The sale reported on this Form 4 represents shares sold by the Reporting Person pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on June 30, 2026

F13 · price: The sale price reported in Column 4 of Table 1 represents the weighted average sale price of the shares sold ranging from $202.63 to $203.61, inclusive. Upon request by the staff of the Securities and Exchange commission, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price.

Read SEC document
September 29, 2026 Filed Oct 1, 2026 02:34 UTC
Mallick DhirajChief Operating Officer
SaleClass A Common Stock 27,492 $204.17 $5,613,041.64
Disclosure

SEC source: 0001628280-26-064042 · wk-form4_1790807666.xml · nonDerivative · entry 11

Mallick Dhiraj · CIK 0002039572 · Chief Operating Officer

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 172,398

F2 · kind: The sale reported on this Form 4 represents shares sold by the Reporting Person pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on June 30, 2026

F12 · price: The sale price reported in Column 4 of Table 1 represents the weighted average sale price of the shares sold ranging from $203.65 to $204.65, inclusive. Upon request by the staff of the Securities and Exchange commission, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price.

Read SEC document
September 29, 2026 Filed Oct 1, 2026 02:34 UTC
Mallick DhirajChief Operating Officer
SaleClass A Common Stock 8,729 $205.17 $1,790,928.93
Disclosure

SEC source: 0001628280-26-064042 · wk-form4_1790807666.xml · nonDerivative · entry 10

Mallick Dhiraj · CIK 0002039572 · Chief Operating Officer

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 199,890

F2 · kind: The sale reported on this Form 4 represents shares sold by the Reporting Person pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on June 30, 2026

F11 · price: The sale price reported in Column 4 of Table 1 represents the weighted average sale price of the shares sold ranging from $204.65 to $205.64, inclusive. Upon request by the staff of the Securities and Exchange commission, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price.

Read SEC document
September 29, 2026 Filed Oct 1, 2026 02:34 UTC
Mallick DhirajChief Operating Officer
SaleClass A Common Stock 9,047 $206.13 $1,864,858.11
Disclosure

SEC source: 0001628280-26-064042 · wk-form4_1790807666.xml · nonDerivative · entry 9

Mallick Dhiraj · CIK 0002039572 · Chief Operating Officer

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 208,619

F2 · kind: The sale reported on this Form 4 represents shares sold by the Reporting Person pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on June 30, 2026

F10 · price: The sale price reported in Column 4 of Table 1 represents the weighted average sale price of the shares sold ranging from $205.67 to $206.66, inclusive. Upon request by the staff of the Securities and Exchange commission, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price.

Read SEC document
September 29, 2026 Filed Oct 1, 2026 02:34 UTC
Mallick DhirajChief Operating Officer
SaleClass A Common Stock 9,652 $207.06 $1,998,543.12
Disclosure

SEC source: 0001628280-26-064042 · wk-form4_1790807666.xml · nonDerivative · entry 8

Mallick Dhiraj · CIK 0002039572 · Chief Operating Officer

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 217,666

F2 · kind: The sale reported on this Form 4 represents shares sold by the Reporting Person pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on June 30, 2026

F9 · price: The sale price reported in Column 4 of Table 1 represents the weighted average sale price of the shares sold ranging from $206.68 to $207.67, inclusive. Upon request by the staff of the Securities and Exchange commission, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price.

Read SEC document
September 29, 2026 Filed Oct 1, 2026 02:34 UTC
Mallick DhirajChief Operating Officer
SaleClass A Common Stock 20,714 $208.38 $4,316,383.32
Disclosure

SEC source: 0001628280-26-064042 · wk-form4_1790807666.xml · nonDerivative · entry 7

Mallick Dhiraj · CIK 0002039572 · Chief Operating Officer

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 227,318

F2 · kind: The sale reported on this Form 4 represents shares sold by the Reporting Person pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on June 30, 2026

F8 · price: The sale price reported in Column 4 of Table 1 represents the weighted average sale price of the shares sold ranging from $207.81 to $208.80, inclusive. Upon request by the staff of the Securities and Exchange commission, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price.

Read SEC document
September 29, 2026 Filed Oct 1, 2026 02:34 UTC
Mallick DhirajChief Operating Officer
SaleClass A Common Stock 41,278 $209.33 $8,640,723.74
Disclosure

SEC source: 0001628280-26-064042 · wk-form4_1790807666.xml · nonDerivative · entry 6

Mallick Dhiraj · CIK 0002039572 · Chief Operating Officer

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 248,032

F2 · kind: The sale reported on this Form 4 represents shares sold by the Reporting Person pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on June 30, 2026

F7 · price: The sale price reported in Column 4 of Table 1 represents the weighted average sale price of the shares sold ranging from $208.81 to $209.80, inclusive. Upon request by the staff of the Securities and Exchange commission, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price.

Read SEC document
September 29, 2026 Filed Oct 1, 2026 02:34 UTC
Mallick DhirajChief Operating Officer
SaleClass A Common Stock 46,427 $210.27 $9,762,205.29
Disclosure

SEC source: 0001628280-26-064042 · wk-form4_1790807666.xml · nonDerivative · entry 5

Mallick Dhiraj · CIK 0002039572 · Chief Operating Officer

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 289,310

F2 · kind: The sale reported on this Form 4 represents shares sold by the Reporting Person pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on June 30, 2026

F6 · price: The sale price reported in Column 4 of Table 1 represents the weighted average sale price of the shares sold ranging from $209.81 to $210.80, inclusive. Upon request by the staff of the Securities and Exchange commission, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price.

Read SEC document
September 29, 2026 Filed Oct 1, 2026 02:34 UTC
Mallick DhirajChief Operating Officer
SaleClass A Common Stock 41,391 $211.29 $8,745,504.39
Disclosure

SEC source: 0001628280-26-064042 · wk-form4_1790807666.xml · nonDerivative · entry 4

Mallick Dhiraj · CIK 0002039572 · Chief Operating Officer

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 335,737

F2 · kind: The sale reported on this Form 4 represents shares sold by the Reporting Person pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on June 30, 2026

F5 · price: The sale price reported in Column 4 of Table 1 represents the weighted average sale price of the shares sold ranging from $210.81 to $211.81, inclusive. Upon request by the staff of the Securities and Exchange commission, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price.

Read SEC document
September 29, 2026 Filed Oct 1, 2026 02:34 UTC
Mallick DhirajChief Operating Officer
SaleClass A Common Stock 18,274 $212.20 $3,877,742.80
Disclosure

SEC source: 0001628280-26-064042 · wk-form4_1790807666.xml · nonDerivative · entry 3

Mallick Dhiraj · CIK 0002039572 · Chief Operating Officer

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 377,128

F2 · kind: The sale reported on this Form 4 represents shares sold by the Reporting Person pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on June 30, 2026

F4 · price: The sale price reported in Column 4 of Table 1 represents the weighted average sale price of the shares sold ranging from $211.81 to $212.80, inclusive. Upon request by the staff of the Securities and Exchange commission, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price.

Read SEC document
September 29, 2026 Filed Oct 1, 2026 02:34 UTC
Mallick DhirajChief Operating Officer
SaleClass A Common Stock 598 $212.93 $127,332.14
Disclosure

SEC source: 0001628280-26-064042 · wk-form4_1790807666.xml · nonDerivative · entry 2

Mallick Dhiraj · CIK 0002039572 · Chief Operating Officer

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 395,402

F2 · kind: The sale reported on this Form 4 represents shares sold by the Reporting Person pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on June 30, 2026

F3 · price: The sale price reported in Column 4 of Table 1 represents the weighted average sale price of the shares sold ranging from $212.92 to $212.94, inclusive. Upon request by the staff of the Securities and Exchange commission, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price.

Read SEC document
September 29, 2026 Filed Oct 1, 2026 02:34 UTC
Mallick DhirajChief Operating Officer
ConversionClass A Common Stock 276,000 $0.00 $0.00
Disclosure

SEC source: 0001628280-26-064042 · wk-form4_1790807666.xml · nonDerivative · entry 1

Mallick Dhiraj · CIK 0002039572 · Chief Operating Officer

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 396,000

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 · shares: The Class B Common Stock is convertible into an equal number of Class A Common Stock at any time, at the Reporting Person's election, and has no expiration date.

F1 · price: The Class B Common Stock is convertible into an equal number of Class A Common Stock at any time, at the Reporting Person's election, and has no expiration date.

Read SEC document
September 29, 2026 Filed Oct 1, 2026 02:35 UTC
Komin Robert Patrick Jr.Chief Financial Officer
SaleClass A Common Stock 3,000 $194.92 $584,760.00
Disclosure

SEC source: 0001628280-26-064044 · wk-form4_1790807735.xml · nonDerivative · entry 16

Komin Robert Patrick Jr. · CIK 0001648800 · Chief Financial Officer

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 0

F1 · kind: The sale reported on this Form 4 represents shares sold by the Reporting Person pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on June 30, 2026

F17 · shares: The sale price reported in Column 4 of Table 1 represents the weighted average sale price of the shares sold ranging from $194.45 to $195.21, inclusive. Upon request by the staff of the Securities and Exchange commission, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price.

Read SEC document
September 29, 2026 Filed Oct 1, 2026 02:35 UTC
Komin Robert Patrick Jr.Chief Financial Officer
SaleClass A Common Stock 1,115 $195.61 $218,105.15
Disclosure

SEC source: 0001628280-26-064044 · wk-form4_1790807735.xml · nonDerivative · entry 15

Komin Robert Patrick Jr. · CIK 0001648800 · Chief Financial Officer

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 3,000

F1 · kind: The sale reported on this Form 4 represents shares sold by the Reporting Person pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on June 30, 2026

F16 · shares: The sale price reported in Column 4 of Table 1 represents the weighted average sale price of the shares sold ranging from $195.45 to $195.89, inclusive. Upon request by the staff of the Securities and Exchange commission, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price.

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September 29, 2026 Filed Oct 1, 2026 02:35 UTC
Komin Robert Patrick Jr.Chief Financial Officer
SaleClass A Common Stock 685 $197.48 $135,273.80
Disclosure

SEC source: 0001628280-26-064044 · wk-form4_1790807735.xml · nonDerivative · entry 14

Komin Robert Patrick Jr. · CIK 0001648800 · Chief Financial Officer

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 4,115

F1 · kind: The sale reported on this Form 4 represents shares sold by the Reporting Person pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on June 30, 2026

F15 · shares: The sale price reported in Column 4 of Table 1 represents the weighted average sale price of the shares sold ranging from $197.15 to $198.13, inclusive. Upon request by the staff of the Securities and Exchange commission, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price.

Read SEC document
September 29, 2026 Filed Oct 1, 2026 02:35 UTC
Komin Robert Patrick Jr.Chief Financial Officer
SaleClass A Common Stock 870 $198.70 $172,869.00
Disclosure

SEC source: 0001628280-26-064044 · wk-form4_1790807735.xml · nonDerivative · entry 13

Komin Robert Patrick Jr. · CIK 0001648800 · Chief Financial Officer

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 4,800

F1 · kind: The sale reported on this Form 4 represents shares sold by the Reporting Person pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on June 30, 2026

F14 · shares: The sale price reported in Column 4 of Table 1 represents the weighted average sale price of the shares sold ranging from $198.28 to $199.22, inclusive. Upon request by the staff of the Securities and Exchange commission, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price.

Read SEC document
September 29, 2026 Filed Oct 1, 2026 02:35 UTC
Komin Robert Patrick Jr.Chief Financial Officer
SaleClass A Common Stock 1,130 $199.80 $225,774.00
Disclosure

SEC source: 0001628280-26-064044 · wk-form4_1790807735.xml · nonDerivative · entry 12

Komin Robert Patrick Jr. · CIK 0001648800 · Chief Financial Officer

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 5,670

F1 · kind: The sale reported on this Form 4 represents shares sold by the Reporting Person pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on June 30, 2026

F13 · shares: The sale price reported in Column 4 of Table 1 represents the weighted average sale price of the shares sold ranging from $199.28 to $200.25, inclusive. Upon request by the staff of the Securities and Exchange commission, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price.

Read SEC document
September 29, 2026 Filed Oct 1, 2026 02:35 UTC
Komin Robert Patrick Jr.Chief Financial Officer
SaleClass A Common Stock 11,200 $201.22 $2,253,664.00
Disclosure

SEC source: 0001628280-26-064044 · wk-form4_1790807735.xml · nonDerivative · entry 11

Komin Robert Patrick Jr. · CIK 0001648800 · Chief Financial Officer

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 6,800

F1 · kind: The sale reported on this Form 4 represents shares sold by the Reporting Person pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on June 30, 2026

F12 · shares: The sale price reported in Column 4 of Table 1 represents the weighted average sale price of the shares sold ranging from $200.30 to $201.28, inclusive. Upon request by the staff of the Securities and Exchange commission, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price.

Read SEC document
September 29, 2026 Filed Oct 1, 2026 02:35 UTC
Komin Robert Patrick Jr.Chief Financial Officer
SaleClass A Common Stock 400 $201.96 $80,784.00
Disclosure

SEC source: 0001628280-26-064044 · wk-form4_1790807735.xml · nonDerivative · entry 10

Komin Robert Patrick Jr. · CIK 0001648800 · Chief Financial Officer

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 18,000

F1 · kind: The sale reported on this Form 4 represents shares sold by the Reporting Person pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on June 30, 2026

F11 · shares: The sale price reported in Column 4 of Table 1 represents the weighted average sale price of the shares sold ranging from $201.60 to $202.39, inclusive. Upon request by the staff of the Securities and Exchange commission, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price.

Read SEC document
September 29, 2026 Filed Oct 1, 2026 02:35 UTC
Komin Robert Patrick Jr.Chief Financial Officer
SaleClass A Common Stock 800 $203.48 $162,784.00
Disclosure

SEC source: 0001628280-26-064044 · wk-form4_1790807735.xml · nonDerivative · entry 9

Komin Robert Patrick Jr. · CIK 0001648800 · Chief Financial Officer

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 18,400

F1 · kind: The sale reported on this Form 4 represents shares sold by the Reporting Person pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on June 30, 2026

F10 · shares: The sale price reported in Column 4 of Table 1 represents the weighted average sale price of the shares sold ranging from $202.85 to $203.78, inclusive. Upon request by the staff of the Securities and Exchange commission, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price.

Read SEC document
September 29, 2026 Filed Oct 1, 2026 02:35 UTC
Komin Robert Patrick Jr.Chief Financial Officer
SaleClass A Common Stock 1,600 $204.26 $326,816.00
Disclosure

SEC source: 0001628280-26-064044 · wk-form4_1790807735.xml · nonDerivative · entry 8

Komin Robert Patrick Jr. · CIK 0001648800 · Chief Financial Officer

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 19,200

F1 · kind: The sale reported on this Form 4 represents shares sold by the Reporting Person pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on June 30, 2026

F9 · shares: The sale price reported in Column 4 of Table 1 represents the weighted average sale price of the shares sold ranging from $203.93 to $204.86, inclusive. Upon request by the staff of the Securities and Exchange commission, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price.

Read SEC document
September 29, 2026 Filed Oct 1, 2026 02:35 UTC
Komin Robert Patrick Jr.Chief Financial Officer
SaleClass A Common Stock 600 $205.47 $123,282.00
Disclosure

SEC source: 0001628280-26-064044 · wk-form4_1790807735.xml · nonDerivative · entry 7

Komin Robert Patrick Jr. · CIK 0001648800 · Chief Financial Officer

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 20,800

F1 · kind: The sale reported on this Form 4 represents shares sold by the Reporting Person pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on June 30, 2026

F8 · shares: The sale price reported in Column 4 of Table 1 represents the weighted average sale price of the shares sold ranging from $205.02 to $205.79, inclusive. Upon request by the staff of the Securities and Exchange commission, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price.

Read SEC document
September 29, 2026 Filed Oct 1, 2026 02:35 UTC
Komin Robert Patrick Jr.Chief Financial Officer
SaleClass A Common Stock 800 $206.68 $165,344.00
Disclosure

SEC source: 0001628280-26-064044 · wk-form4_1790807735.xml · nonDerivative · entry 6

Komin Robert Patrick Jr. · CIK 0001648800 · Chief Financial Officer

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 21,400

F1 · kind: The sale reported on this Form 4 represents shares sold by the Reporting Person pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on June 30, 2026

F7 · shares: The sale price reported in Column 4 of Table 1 represents the weighted average sale price of the shares sold ranging from $206.18 to $207.17, inclusive. Upon request by the staff of the Securities and Exchange commission, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price.

Read SEC document
September 29, 2026 Filed Oct 1, 2026 02:35 UTC
Komin Robert Patrick Jr.Chief Financial Officer
SaleClass A Common Stock 700 $207.83 $145,481.00
Disclosure

SEC source: 0001628280-26-064044 · wk-form4_1790807735.xml · nonDerivative · entry 5

Komin Robert Patrick Jr. · CIK 0001648800 · Chief Financial Officer

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 22,200

F1 · kind: The sale reported on this Form 4 represents shares sold by the Reporting Person pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on June 30, 2026

F6 · shares: The sale price reported in Column 4 of Table 1 represents the weighted average sale price of the shares sold ranging from $207.33 to $208.23, inclusive. Upon request by the staff of the Securities and Exchange commission, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price.

Read SEC document
September 29, 2026 Filed Oct 1, 2026 02:35 UTC
Komin Robert Patrick Jr.Chief Financial Officer
SaleClass A Common Stock 2,197 $208.98 $459,129.06
Disclosure

SEC source: 0001628280-26-064044 · wk-form4_1790807735.xml · nonDerivative · entry 4

Komin Robert Patrick Jr. · CIK 0001648800 · Chief Financial Officer

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 22,900

F1 · kind: The sale reported on this Form 4 represents shares sold by the Reporting Person pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on June 30, 2026

F5 · shares: The sale price reported in Column 4 of Table 1 represents the weighted average sale price of the shares sold ranging from $208.40 to $209.38, inclusive. Upon request by the staff of the Securities and Exchange commission, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price.

Read SEC document
September 29, 2026 Filed Oct 1, 2026 02:35 UTC
Komin Robert Patrick Jr.Chief Financial Officer
SaleClass A Common Stock 2,802 $210.02 $588,476.04
Disclosure

SEC source: 0001628280-26-064044 · wk-form4_1790807735.xml · nonDerivative · entry 3

Komin Robert Patrick Jr. · CIK 0001648800 · Chief Financial Officer

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 25,097

F1 · kind: The sale reported on this Form 4 represents shares sold by the Reporting Person pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on June 30, 2026

F4 · shares: The sale price reported in Column 4 of Table 1 represents the weighted average sale price of the shares sold ranging from $209.45 to $210.40, inclusive. Upon request by the staff of the Securities and Exchange commission, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price.

Read SEC document
September 29, 2026 Filed Oct 1, 2026 02:35 UTC
Komin Robert Patrick Jr.Chief Financial Officer
SaleClass A Common Stock 2,771 $211.03 $584,764.13
Disclosure

SEC source: 0001628280-26-064044 · wk-form4_1790807735.xml · nonDerivative · entry 2

Komin Robert Patrick Jr. · CIK 0001648800 · Chief Financial Officer

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 27,899

F1 · kind: The sale reported on this Form 4 represents shares sold by the Reporting Person pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on June 30, 2026

F3 · shares: The sale price reported in Column 4 of Table 1 represents the weighted average sale price of the shares sold ranging from $210.47 to $211.44, inclusive. Upon request by the staff of the Securities and Exchange commission, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price.

Read SEC document
September 29, 2026 Filed Oct 1, 2026 02:35 UTC
Komin Robert Patrick Jr.Chief Financial Officer
SaleClass A Common Stock 1,830 $211.79 $387,575.70
Disclosure

SEC source: 0001628280-26-064044 · wk-form4_1790807735.xml · nonDerivative · entry 1

Komin Robert Patrick Jr. · CIK 0001648800 · Chief Financial Officer

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 30,670

F1 · kind: The sale reported on this Form 4 represents shares sold by the Reporting Person pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on June 30, 2026

F2 · shares: The sale price reported in Column 4 of Table 1 represents the weighted average sale price of the shares sold ranging from $211.48 to $212.44, inclusive. Upon request by the staff of the Securities and Exchange commission, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price.

Read SEC document
September 28, 2026 Filed Oct 1, 2026 02:33 UTC
Patel YagneshChief Accounting Officer
SaleClass A Common Stock 1,320 $204.50 $269,940.00
Disclosure

SEC source: 0001628280-26-064040 · wk-form4_1790807613.xml · nonDerivative · entry 1

Patel Yagnesh · CIK 0001702410 · Chief Accounting Officer

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 15,356

F1 · kind: The sale reported on this Form 4 represents shares sold by the Reporting Person pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on June 29, 2026

Read SEC document
September 25, 2026 Filed Sep 28, 2026 20:05 UTC
Lie SeanChief Technology Officer
ConversionClass B Common Stock · Derivative 120,000 $0.00 $0.00
Disclosure

SEC source: 0001628280-26-063713 · wk-form4_1790625937.xml · derivative · entry 16

Lie Sean · CIK 0002132472 · Chief Technology Officer

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 7,582,992

Underlying: Class A Common Stock · 120,000 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 · derivative.exercise_price: The Class B Common Stock is convertible into an equal number of Class A Common Stock at any time, at the Reporting Person's election, and has no expiration date.

F1 · derivative.exercise_date: The Class B Common Stock is convertible into an equal number of Class A Common Stock at any time, at the Reporting Person's election, and has no expiration date.

F1 · derivative.expiration_date: The Class B Common Stock is convertible into an equal number of Class A Common Stock at any time, at the Reporting Person's election, and has no expiration date.

Read SEC document
September 25, 2026 Filed Sep 28, 2026 20:05 UTC
Lie SeanChief Technology Officer
Exercise / conversionClass B Common Stock · Derivative 120,000 $0.00 $0.00
Disclosure

SEC source: 0001628280-26-063713 · wk-form4_1790625937.xml · derivative · entry 15

Lie Sean · CIK 0002132472 · Chief Technology Officer

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 7,702,992

Underlying: Class A Common Stock · 120,000 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 · derivative.exercise_price: The Class B Common Stock is convertible into an equal number of Class A Common Stock at any time, at the Reporting Person's election, and has no expiration date.

F1 · price: The Class B Common Stock is convertible into an equal number of Class A Common Stock at any time, at the Reporting Person's election, and has no expiration date.

F1 · derivative.exercise_date: The Class B Common Stock is convertible into an equal number of Class A Common Stock at any time, at the Reporting Person's election, and has no expiration date.

F1 · derivative.expiration_date: The Class B Common Stock is convertible into an equal number of Class A Common Stock at any time, at the Reporting Person's election, and has no expiration date.

Read SEC document
September 25, 2026 Filed Sep 28, 2026 20:05 UTC
Lie SeanChief Technology Officer
Exercise / conversionStock Option · Derivative 3,125 $0.00 Strike: $5.02 $0.00
Disclosure

SEC source: 0001628280-26-063713 · wk-form4_1790625937.xml · derivative · entry 14

Lie Sean · CIK 0002132472 · Chief Technology Officer

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 32,420

Underlying: Class B Common Stock · 3,125 shares

Expires 2033-02-13

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.

F14 · derivative.exercise_date: The stock option vests in 48 substantially equal monthly installments beginning on February 1, 2023.

Read SEC document
September 25, 2026 Filed Sep 28, 2026 20:05 UTC
Lie SeanChief Technology Officer
Exercise / conversionStock Option · Derivative 116,875 $0.00 Strike: $5.48 $0.00
Disclosure

SEC source: 0001628280-26-063713 · wk-form4_1790625937.xml · derivative · entry 13

Lie Sean · CIK 0002132472 · Chief Technology Officer

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 172,146

Underlying: Class B Common Stock · 116,875 shares

Expires 2034-02-06

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.

F13 · derivative.exercise_date: The stock option vests in 48 substantially equal monthly installments beginning on February 1, 2024.

Read SEC document
September 25, 2026 Filed Sep 28, 2026 20:05 UTC
Lie SeanChief Technology Officer
SaleClass A Common Stock 2,200 $204.50 $449,900.00
Disclosure

SEC source: 0001628280-26-063713 · wk-form4_1790625937.xml · nonDerivative · entry 11

Lie Sean · CIK 0002132472 · Chief Technology Officer

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 309,569

F3 · kind: The sale reported on this Form 4 represents shares sold by the Reporting Person pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on May 20, 2026.

F12 · price: The sale price reported in Column 4 of Table 1 represents the weighted average sale price of the shares sold ranging from $203.86 to $204.83, inclusive. Upon request by the staff of the Securities and Exchange commission, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price.

Read SEC document

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