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Nasdaq · USD

CTRN

Citi Trends Inc

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Tapewire entity
5399
SEC CIK
0001318484
Parsed reports
398

Last 12 months

Inside the activity.

1 purchase rows · 6 sale rows

Disclosed non-derivative P/S rows, by transaction month. Includes amendments and private transactions.
Monthly counts
MonthPurchasesSales
Nov 202500
Dec 202501
Jan 202600
Feb 202600
Mar 202610
Apr 202601
May 202600
Jun 202601
Jul 202601
Aug 202600
Sep 202602
Oct 202600

Latest available

Insider transactions

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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 30, 2026 Filed Oct 13, 2026 22:15 UTC Tax withholdingCommon Stock 189 $51.56 $9,744.84
Disclosure

SEC source: 0001104659-26-115594 · tm2627405-2_4seq1.xml · nonDerivative · entry 1

Puri Lovesh Kumar · CIK 0002131694 · See Remarks

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 3,754

Read SEC document
September 29, 2026 Filed Oct 13, 2026 22:14 UTC
George KatrinaVP of Human Resources
SaleCommon Stock 500 $50.57 $25,285.00
Disclosure

SEC source: 0001104659-26-115592 · tm2627405-1_4seq1.xml · nonDerivative · entry 1

George Katrina · CIK 0002028247 · VP of Human Resources

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 5,213

Read SEC document
September 04, 2026 Filed Sep 8, 2026 22:14 UTC
Powell Lisa A.EVP and Chief Merch Officer
SaleCommon Stock 10,000 $70.10 $701,000.00
Disclosure

SEC source: 0001104659-26-105983 · tm2624859-1_4seq1.xml · nonDerivative · entry 1

Powell Lisa A. · CIK 0001788618 · EVP and Chief Merch Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 13,970

Read SEC document
July 08, 2026 Filed Jul 17, 2026 15:50 UTC
George KatrinaVP of Human Resources
SaleCommon Stock 126 $56.42 $7,108.92
Disclosure

SEC source: 0001104659-26-084492 · tm2620719-1_4seq1.xml · nonDerivative · entry 1

George Katrina · CIK 0002028247 · VP of Human Resources

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 5,713

Read SEC document
June 30, 2026 Filed Jul 2, 2026 20:37 UTC
George KatrinaVP of Human Resources
Tax withholdingCommon Stock 13 $57.84 $751.92
Disclosure

SEC source: 0001104659-26-080377 · tm2619694-4_4seq1.xml · nonDerivative · entry 2

George Katrina · CIK 0002028247 · VP of Human Resources

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 5,839

Read SEC document
June 30, 2026 Filed Jul 2, 2026 20:37 UTC
George KatrinaVP of Human Resources
GrantCommon Stock 41 $0.00 $0.00
Disclosure

SEC source: 0001104659-26-080377 · tm2619694-4_4seq1.xml · nonDerivative · entry 1

George Katrina · CIK 0002028247 · VP of Human Resources

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 5,852

F1 · balance_after: The amount reported in Column 5 has been corrected to reflect an administrative error in the number of securities previously forfeited for tax withholding purposes. No transactions were omitted.

Read SEC document
June 30, 2026 Filed Jul 2, 2026 20:36 UTC
Koenig KyleVP of Stores and Real Estate
Tax withholdingCommon Stock 27 $57.84 $1,561.68
Disclosure

SEC source: 0001104659-26-080375 · tm2619694-3_4seq1.xml · nonDerivative · entry 2

Koenig Kyle · CIK 0002028263 · VP of Stores and Real Estate

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 11,579

Read SEC document
June 30, 2026 Filed Jul 2, 2026 20:36 UTC
Koenig KyleVP of Stores and Real Estate
GrantCommon Stock 95 $0.00 $0.00
Disclosure

SEC source: 0001104659-26-080375 · tm2619694-3_4seq1.xml · nonDerivative · entry 1

Koenig Kyle · CIK 0002028263 · VP of Stores and Real Estate

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 11,606

F1 · balance_after: The amount reported in Column 5 has been corrected to reflect an administrative error in the number of securities previously forfeited for tax withholding purposes. No transactions were omitted.

Read SEC document
June 30, 2026 Filed Jul 2, 2026 20:39 UTC Tax withholdingCommon Stock 66 $57.84 $3,817.44
Disclosure

SEC source: 0001104659-26-080381 · tm2619694-5_4seq1.xml · nonDerivative · entry 2

Plutino Heather L · CIK 0001935258 · EVP and CFO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 20,841

Read SEC document
June 30, 2026 Filed Jul 2, 2026 20:39 UTC GrantCommon Stock 238 $0.00 $0.00
Disclosure

SEC source: 0001104659-26-080381 · tm2619694-5_4seq1.xml · nonDerivative · entry 1

Plutino Heather L · CIK 0001935258 · EVP and CFO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 20,907

F1 · balance_after: The amount reported in Column 5 has been corrected to reflect an administrative error in the number of securities previously forfeited for tax withholding purposes. No transactions were omitted.

Read SEC document
June 30, 2026 Filed Jul 2, 2026 20:35 UTC
Powell Lisa A.EVP and Chief Merch Officer
Tax withholdingCommon Stock 71 $57.84 $4,106.64
Disclosure

SEC source: 0001104659-26-080372 · tm2619694-2_4seq1.xml · nonDerivative · entry 2

Powell Lisa A. · CIK 0001788618 · EVP and Chief Merch Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 23,970

Read SEC document
June 30, 2026 Filed Jul 2, 2026 20:35 UTC
Powell Lisa A.EVP and Chief Merch Officer
GrantCommon Stock 239 $0.00 $0.00
Disclosure

SEC source: 0001104659-26-080372 · tm2619694-2_4seq1.xml · nonDerivative · entry 1

Powell Lisa A. · CIK 0001788618 · EVP and Chief Merch Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 24,041

F1 · balance_after: The amount reported in Column 5 has been corrected to reflect an administrative error in the number of securities previously forfeited for tax withholding purposes. No transactions were omitted.

Read SEC document
June 30, 2026 Filed Jul 2, 2026 20:34 UTC Tax withholdingCommon Stock 15 $57.84 $867.60
Disclosure

SEC source: 0001104659-26-080369 · tm2619694-1_4seq1.xml · nonDerivative · entry 3

Puri Lovesh Kumar · CIK 0002131694 · See Remarks

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 3,943

Read SEC document
June 30, 2026 Filed Jul 2, 2026 20:34 UTC GrantCommon Stock 41 $0.00 $0.00
Disclosure

SEC source: 0001104659-26-080369 · tm2619694-1_4seq1.xml · nonDerivative · entry 2

Puri Lovesh Kumar · CIK 0002131694 · See Remarks

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 3,958

Read SEC document
June 24, 2026 Filed Jun 24, 2026 23:43 UTC SaleCommon Stock 750,000 $56.50 $42,375,000.00
Disclosure

SEC source: 0000921895-26-001669 · form413866006_06242026.xml · nonDerivative · entry 1

Fund 1 Investments, LLC · CIK 0001959730 · 10% owner

10b5-1 filing: No plan indicated

Ownership: Indirect · See Footnote

Disclosed balance after: 1,823,486

F1 · ownership.nature: Securities reported herein for Fund 1 Investments, LLC are held by private investment vehicles for which Pleasant Lake Partners LLC serves as investment adviser. Fund 1 Investments, LLC serves as managing member of Pleasant Lake Partners LLC. Jonathan Lennon serves as managing member of Fund 1 Investments, LLC. The Reporting Person disclaims beneficial ownership of the securities reported herein except to the extent of its pecuniary interest therein.

Read SEC document
June 10, 2026 Filed Jun 12, 2026 17:26 UTC GrantCommon Stock 1,681 $0.00 $0.00
Disclosure

SEC source: 0001104659-26-073596 · tm2617805-4_4seq1.xml · nonDerivative · entry 1

Liu Chaoyang (Charles) · CIK 0002027751 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 6,969

Read SEC document
June 10, 2026 Filed Jun 12, 2026 17:35 UTC GrantCommon Stock 1,681 $0.00 $0.00
Disclosure

SEC source: 0001104659-26-073603 · tm2617805-7_4seq1.xml · nonDerivative · entry 1

Heath David A · CIK 0002027104 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 10,469

Read SEC document
June 10, 2026 Filed Jun 12, 2026 17:34 UTC GrantCommon Stock 1,681 $0.00 $0.00
Disclosure

SEC source: 0001104659-26-073602 · tm2617805-6_4seq1.xml · nonDerivative · entry 1

Kvitko Michael S · CIK 0002027110 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 6,969

Read SEC document
June 10, 2026 Filed Jun 12, 2026 17:25 UTC GrantCommon Stock 1,681 $0.00 $0.00
Disclosure

SEC source: 0001104659-26-073595 · tm2617805-3_4seq1.xml · nonDerivative · entry 1

JENKINS MARGARET L · CIK 0001229332 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 15,844

Read SEC document
June 10, 2026 Filed Jun 12, 2026 21:24 UTC GrantCommon Stock 1,681 $0.00 $0.00
Disclosure

SEC source: 0001104659-26-073592 · tm2617805-2_4seq1.xml · nonDerivative · entry 2

Faw Benjamin Taylor · CIK 0002105018 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 2,168

Read SEC document
June 10, 2026 Filed Jun 12, 2026 21:33 UTC GrantCommon Stock 1,681 $0.00 $0.00
Disclosure

SEC source: 0001104659-26-073601 · tm2617805-5_4seq1.xml · nonDerivative · entry 1

Edwards Pamela J · CIK 0001837378 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 3,958

Read SEC document
June 10, 2026 Filed Jun 12, 2026 21:23 UTC GrantCommon Stock 1,681 $0.00 $0.00
Disclosure

SEC source: 0001104659-26-073590 · tm2617805-1_4seq1.xml · nonDerivative · entry 1

Robinson Cara · CIK 0001890843 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 14,633

Read SEC document
May 17, 2026 Filed May 19, 2026 22:45 UTC
George KatrinaVP of Human Resources
Tax withholdingCommon Stock 152 $41.40 $6,292.80
Disclosure

SEC source: 0001104659-26-063995 · tm2615138-3_4seq1.xml · nonDerivative · entry 1

George Katrina · CIK 0002028247 · VP of Human Resources

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 5,789

Read SEC document
May 17, 2026 Filed May 19, 2026 22:46 UTC
Koenig KyleVP of Stores and Real Estate
Tax withholdingCommon Stock 123 $41.40 $5,092.20
Disclosure

SEC source: 0001104659-26-063997 · tm2615138-4_4seq1.xml · nonDerivative · entry 1

Koenig Kyle · CIK 0002028263 · VP of Stores and Real Estate

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 11,492

Read SEC document
May 17, 2026 Filed May 19, 2026 22:44 UTC Tax withholdingCommon Stock 371 $41.40 $15,359.40
Disclosure

SEC source: 0001104659-26-063992 · tm2615138-2_4seq1.xml · nonDerivative · entry 1

Plutino Heather L · CIK 0001935258 · EVP and CFO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 20,665

Read SEC document
May 17, 2026 Filed May 19, 2026 22:43 UTC
Powell Lisa A.EVP and Chief Merch Officer
Tax withholdingCommon Stock 398 $41.40 $16,477.20
Disclosure

SEC source: 0001104659-26-063991 · tm2615138-1_4seq1.xml · nonDerivative · entry 1

Powell Lisa A. · CIK 0001788618 · EVP and Chief Merch Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 23,800

Read SEC document
May 05, 2026 Filed May 7, 2026 19:56 UTC
George KatrinaVP of Human Resources
Tax withholdingCommon Stock 233 $46.82 $10,909.06
Disclosure

SEC source: 0001104659-26-057067 · tm2613953-2_4seq1.xml · nonDerivative · entry 1

George Katrina · CIK 0002028247 · VP of Human Resources

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 5,941

Read SEC document
May 05, 2026 Filed May 7, 2026 20:00 UTC
Koenig KyleVP of Stores and Real Estate
Tax withholdingCommon Stock 504 $46.82 $23,597.28
Disclosure

SEC source: 0001104659-26-057074 · tm2613953-4_4seq1.xml · nonDerivative · entry 1

Koenig Kyle · CIK 0002028263 · VP of Stores and Real Estate

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 11,615

Read SEC document
May 05, 2026 Filed May 7, 2026 19:58 UTC Tax withholdingCommon Stock 1,252 $46.82 $58,618.64
Disclosure

SEC source: 0001104659-26-057071 · tm2613953-3_4seq1.xml · nonDerivative · entry 1

Plutino Heather L · CIK 0001935258 · EVP and CFO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 21,036

Read SEC document
May 05, 2026 Filed May 7, 2026 19:54 UTC
Powell Lisa A.EVP and Chief Merch Officer
Tax withholdingCommon Stock 1,333 $46.82 $62,411.06
Disclosure

SEC source: 0001104659-26-057061 · tm2613953-1_4seq1.xml · nonDerivative · entry 1

Powell Lisa A. · CIK 0001788618 · EVP and Chief Merch Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 24,198

Read SEC document
May 05, 2026 Filed Jul 2, 2026 20:34 UTC Tax withholdingCommon Stock 263 $46.82 $12,313.66
Disclosure

SEC source: 0001104659-26-080369 · tm2619694-1_4seq1.xml · nonDerivative · entry 1

Puri Lovesh Kumar · CIK 0002131694 · See Remarks

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 3,917

F1 · balance_after: The amount corrects the number of securities beneficially owned by the reporting person, which was over-reported in the Form 3 filed on May 6, 2026 due to an administrative error.

Read SEC document
April 08, 2026 Filed Apr 10, 2026 19:14 UTC
George KatrinaVP of Human Resources
GrantCommon Stock 790 $0.00 $0.00
Disclosure

SEC source: 0001104659-26-041924 · tm2611585-3_4seq1.xml · nonDerivative · entry 1

George Katrina · CIK 0002028247 · VP of Human Resources

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 6,174

Read SEC document
April 08, 2026 Filed Apr 10, 2026 19:13 UTC
Koenig KyleVP of Stores and Real Estate
GrantCommon Stock 790 $0.00 $0.00
Disclosure

SEC source: 0001104659-26-041922 · tm2611585-2_4seq1.xml · nonDerivative · entry 1

Koenig Kyle · CIK 0002028263 · VP of Stores and Real Estate

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 12,119

Read SEC document
April 08, 2026 Filed Apr 10, 2026 19:13 UTC GrantCommon Stock 790 $0.00 $0.00
Disclosure

SEC source: 0001104659-26-041921 · tm2611585-1_4seq1.xml · nonDerivative · entry 1

Plutino Heather L · CIK 0001935258 · EVP and CFO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 22,288

Read SEC document
April 08, 2026 Filed Apr 10, 2026 19:17 UTC
Powell Lisa A.EVP and Chief Merch Officer
GrantCommonStock 790 $0.00 $0.00
Disclosure

SEC source: 0001104659-26-041926 · tm2611585-4_4seq1.xml · nonDerivative · entry 1

Powell Lisa A. · CIK 0001788618 · EVP and Chief Merch Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 25,531

Read SEC document
April 06, 2026 Filed Apr 7, 2026 12:14 UTC SaleCommon Stock 2,000 $45.91 $91,820.00
Disclosure

SEC source: 0001104659-26-040251 · tm2611246-1_4seq1.xml · nonDerivative · entry 1

JENKINS MARGARET L · CIK 0001229332 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 14,163

Read SEC document
March 25, 2026 Filed Mar 26, 2026 18:02 UTC PurchaseCommon Stock 1,000 $44.50 $44,500.00
Disclosure

SEC source: 0001104659-26-035331 · tm269865-1_4seq1.xml · nonDerivative · entry 1

Heath David A · CIK 0002027104 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 8,788

Read SEC document
February 19, 2026 Filed Jun 12, 2026 21:24 UTC GrantCommon Stock 487 $0.00 $0.00
Disclosure

SEC source: 0001104659-26-073592 · tm2617805-2_4seq1.xml · nonDerivative · entry 1

Faw Benjamin Taylor · CIK 0002105018 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 487

Read SEC document
December 05, 2025 Filed Jan 6, 2026 21:28 UTC
George KatrinaVP of Human Resources
SaleCommon Stock 450 $45.22 $20,349.00
Disclosure

SEC source: 0001104659-26-001329 · tm262287-1_4seq1.xml · nonDerivative · entry 1

George Katrina · CIK 0002028247 · VP of Human Resources

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 5,384

Read SEC document
November 18, 2025 Filed Apr 23, 2026 00:46 UTC
Seipel Kenneth DuaneDirector · Chief Executive Officer
Tax withholdingCommon Stock 7,310 $39.24 $286,844.40
Disclosure

SEC source: 0001104659-26-047027 · tm2612498-1_4seq1.xml · nonDerivative · entry 1

Seipel Kenneth Duane · CIK 0001517507 · Director · Chief Executive Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 685,444

Read SEC document
September 03, 2025 Filed Sep 5, 2025 22:24 UTC
George KatrinaVP of Human Resources
SaleCommon Stock 316 $36.15 $11,423.40
Disclosure

SEC source: 0001104659-25-087931 · tm2525429-2_4seq1.xml · nonDerivative · entry 1

George Katrina · CIK 0002028247 · VP of Human Resources

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 5,834

Read SEC document
August 29, 2025 Filed Sep 5, 2025 18:22 UTC SaleCommon Stock 1,000 $36.21 $36,210.00
Disclosure

SEC source: 0001104659-25-087930 · tm2525429-1_4seq1.xml · nonDerivative · entry 1

JENKINS MARGARET L · CIK 0001229332 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 16,163

Read SEC document
June 27, 2025 Filed Jul 1, 2025 14:43 UTC Tax withholdingCommon Stock 584 $33.21 $19,394.64
Disclosure

SEC source: 0001104659-25-064510 · tm2519492-1_4seq1.xml · nonDerivative · entry 1

Plutino Heather L · CIK 0001935258 · EVP and CFO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 21,498

Read SEC document
June 12, 2025 Filed Jun 16, 2025 18:25 UTC
Powell Lisa A.EVP and Chief Merch Officer
Tax withholdingCommon Stock 147 $32.07 $4,714.29
Disclosure

SEC source: 0001104659-25-059799 · tm2518127-1_4seq1.xml · nonDerivative · entry 1

Powell Lisa A. · CIK 0001788618 · EVP and Chief Merch Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 24,741

Read SEC document
June 10, 2025 Filed Jun 12, 2025 23:47 UTC
George KatrinaVP of Human Resources
SaleCommon Stock 750 $33.94 $25,455.00
Disclosure

SEC source: 0001104659-25-059054 · tm2517805-1_4seq1.xml · nonDerivative · entry 1

George Katrina · CIK 0002028247 · VP of Human Resources

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 6,150

Read SEC document
June 05, 2025 Filed Jun 9, 2025 18:08 UTC GrantCommon Stock 2,277 $0.00 $0.00
Disclosure

SEC source: 0001104659-25-057921 · tm2517451-7_4seq1.xml · nonDerivative · entry 1

Calvert Wesley · CIK 0001947729 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 2,277

Read SEC document
June 05, 2025 Filed Jun 9, 2025 18:02 UTC GrantCommon Stock 2,277 $0.00 $0.00
Disclosure

SEC source: 0001104659-25-057913 · tm2517451-3_4seq1.xml · nonDerivative · entry 1

Liu Chaoyang (Charles) · CIK 0002027751 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 5,288

Read SEC document
June 05, 2025 Filed Jun 9, 2025 18:07 UTC GrantCommon Stock 2,277 $0.00 $0.00
Disclosure

SEC source: 0001104659-25-057919 · tm2517451-6_4seq1.xml · nonDerivative · entry 1

Heath David A · CIK 0002027104 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 7,788

Read SEC document
June 05, 2025 Filed Jun 9, 2025 18:00 UTC GrantCommon Stock 2,277 $0.00 $0.00
Disclosure

SEC source: 0001104659-25-057912 · tm2517451-2_4seq1.xml · nonDerivative · entry 1

Kvitko Michael S · CIK 0002027110 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 5,288

Read SEC document
June 05, 2025 Filed Jun 9, 2025 18:06 UTC GrantCommon Stock 2,277 $0.00 $0.00
Disclosure

SEC source: 0001104659-25-057918 · tm2517451-5_4seq1.xml · nonDerivative · entry 1

JENKINS MARGARET L · CIK 0001229332 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 17,163

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.