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Cloudflare, Inc.

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2910
SEC CIK
0001477333
Parsed reports
827

Last 12 months

Inside the activity.

0 purchase rows · 835 sale rows

Disclosed non-derivative P/S rows, by transaction month. Includes amendments and private transactions.
Monthly counts
MonthPurchasesSales
Nov 2025083
Dec 2025049
Jan 2026062
Feb 2026066
Mar 2026062
Apr 2026052
May 2026069
Jun 2026081
Jul 2026092
Aug 20260164
Sep 2026034
Oct 2026021

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
December 01, 2025 Filed Dec 2, 2025 21:52 UTC
Kramer Douglas JamesChief Legal Officer
SaleClass A Common Stock 3 $197.77 $593.32
Disclosure

SEC source: 0001787168-25-000015 · wk-form4_1764712356.xml · nonDerivative · entry 3

Kramer Douglas James · CIK 0001787168 · Chief Legal Officer

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 113,101

F1 · kind: The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 25, 2024.

F4 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $197.74 to $197.80, inclusive.

Read SEC document
December 01, 2025 Filed Dec 2, 2025 21:52 UTC
Kramer Douglas JamesChief Legal Officer
SaleClass A Common Stock 1,697 $197.46 $335,083.34
Disclosure

SEC source: 0001787168-25-000015 · wk-form4_1764712356.xml · nonDerivative · entry 2

Kramer Douglas James · CIK 0001787168 · Chief Legal Officer

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 113,104

F1 · kind: The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 25, 2024.

F3 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $196.73 to $197.72, inclusive.

Read SEC document
December 01, 2025 Filed Dec 2, 2025 21:52 UTC
Kramer Douglas JamesChief Legal Officer
SaleClass A Common Stock 1,300 $196.02 $254,831.98
Disclosure

SEC source: 0001787168-25-000015 · wk-form4_1764712356.xml · nonDerivative · entry 1

Kramer Douglas James · CIK 0001787168 · Chief Legal Officer

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 114,801

F1 · kind: The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 25, 2024.

F2 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $195.53 to $196.45, inclusive. The reporting person undertakes to provide 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 ranges set forth in footnotes (2) through (4) to this Form 4.

Read SEC document
November 26, 2025 Filed Nov 26, 2025 21:44 UTC
Zatlyn MichelleDirector · President and Board Co-Chair
GiftClass B Common Stock · Derivative 1 $0.00 $0.00
Disclosure

SEC source: 0001104659-25-116468 · tm2532249-1_4seq1.xml · derivative · entry 3

Zatlyn Michelle · CIK 0001786951 · Director · President and Board Co-Chair

10b5-1 filing: No plan indicated

Ownership: Indirect · By LLC

Disclosed balance after: 0

Underlying: Class A Common Stock · 1 shares

Expires not disclosed

F1 · derivative.exercise_price: Each share of Class B Common Stock is convertible at any time into Class A Common Stock on a one-to-one basis at the reporting person's election and has no expiration date.

F3 · kind: Represents a gift to a 501(c)(3) charitable organization.

F1 · derivative.exercise_date: Each share of Class B Common Stock is convertible at any time into Class A Common Stock on a one-to-one basis at the reporting person's election and has no expiration date.

F1 · derivative.expiration_date: Each share of Class B Common Stock is convertible at any time into Class A Common Stock on a one-to-one basis at the reporting person's election and has no expiration date.

Read SEC document
November 26, 2025 Filed Nov 26, 2025 21:41 UTC
Prince MatthewDirector · CEO and Board Co-Chair
GiftClass B Common Stock · Derivative 495,257 $0.00 $0.00
Disclosure

SEC source: 0001104659-25-116465 · tm2532249-2_4seq1.xml · derivative · entry 3

Prince Matthew · CIK 0001786925 · Director · CEO and Board Co-Chair

10b5-1 filing: No plan indicated

Ownership: Indirect · By LLC

Disclosed balance after: 0

Underlying: Class A Common Stock · 495,257 shares

Expires not disclosed

F1 · derivative.exercise_price: Each share of Class B Common Stock is convertible at any time into Class A Common Stock on a one-to-one basis at the reporting person's election and has no expiration date.

F3 · kind: Represents a gift to a 501(c)(3) charitable organization.

F1 · derivative.exercise_date: Each share of Class B Common Stock is convertible at any time into Class A Common Stock on a one-to-one basis at the reporting person's election and has no expiration date.

F1 · derivative.expiration_date: Each share of Class B Common Stock is convertible at any time into Class A Common Stock on a one-to-one basis at the reporting person's election and has no expiration date.

Read SEC document
November 25, 2025 Filed Nov 26, 2025 21:44 UTC
Zatlyn MichelleDirector · President and Board Co-Chair
GiftClass B Common Stock · Derivative 1 $0.00 $0.00
Disclosure

SEC source: 0001104659-25-116468 · tm2532249-1_4seq1.xml · derivative · entry 2

Zatlyn Michelle · CIK 0001786951 · Director · President and Board Co-Chair

10b5-1 filing: No plan indicated

Ownership: Indirect · By LLC

Disclosed balance after: 1

Underlying: Class A Common Stock · 1 shares

Expires not disclosed

F1 · derivative.exercise_price: Each share of Class B Common Stock is convertible at any time into Class A Common Stock on a one-to-one basis at the reporting person's election and has no expiration date.

F1 · derivative.exercise_date: Each share of Class B Common Stock is convertible at any time into Class A Common Stock on a one-to-one basis at the reporting person's election and has no expiration date.

F1 · derivative.expiration_date: Each share of Class B Common Stock is convertible at any time into Class A Common Stock on a one-to-one basis at the reporting person's election and has no expiration date.

Read SEC document
November 25, 2025 Filed Nov 26, 2025 21:44 UTC
Zatlyn MichelleDirector · President and Board Co-Chair
GiftClass B Common Stock · Derivative 1 $0.00 $0.00
Disclosure

SEC source: 0001104659-25-116468 · tm2532249-1_4seq1.xml · derivative · entry 1

Zatlyn Michelle · CIK 0001786951 · Director · President and Board Co-Chair

10b5-1 filing: No plan indicated

Ownership: Indirect · See footnote

Disclosed balance after: 552,438

Underlying: Class A Common Stock · 1 shares

Expires not disclosed

F1 · derivative.exercise_price: Each share of Class B Common Stock is convertible at any time into Class A Common Stock on a one-to-one basis at the reporting person's election and has no expiration date.

F1 · derivative.exercise_date: Each share of Class B Common Stock is convertible at any time into Class A Common Stock on a one-to-one basis at the reporting person's election and has no expiration date.

F1 · derivative.expiration_date: Each share of Class B Common Stock is convertible at any time into Class A Common Stock on a one-to-one basis at the reporting person's election and has no expiration date.

F2 · ownership.nature: The shares are held of record by The Sutherland/Zatlyn Revocable Trust dated November 17, 2016, for which the reporting person serves as co-trustee.

Read SEC document
November 25, 2025 Filed Nov 26, 2025 21:41 UTC
Prince MatthewDirector · CEO and Board Co-Chair
GiftClass B Common Stock · Derivative 495,257 $0.00 $0.00
Disclosure

SEC source: 0001104659-25-116465 · tm2532249-2_4seq1.xml · derivative · entry 2

Prince Matthew · CIK 0001786925 · Director · CEO and Board Co-Chair

10b5-1 filing: No plan indicated

Ownership: Indirect · By LLC

Disclosed balance after: 495,257

Underlying: Class A Common Stock · 495,257 shares

Expires not disclosed

F1 · derivative.exercise_price: Each share of Class B Common Stock is convertible at any time into Class A Common Stock on a one-to-one basis at the reporting person's election and has no expiration date.

F1 · derivative.exercise_date: Each share of Class B Common Stock is convertible at any time into Class A Common Stock on a one-to-one basis at the reporting person's election and has no expiration date.

F1 · derivative.expiration_date: Each share of Class B Common Stock is convertible at any time into Class A Common Stock on a one-to-one basis at the reporting person's election and has no expiration date.

Read SEC document
November 25, 2025 Filed Nov 26, 2025 21:41 UTC
Prince MatthewDirector · CEO and Board Co-Chair
GiftClass B Common Stock · Derivative 495,257 $0.00 $0.00
Disclosure

SEC source: 0001104659-25-116465 · tm2532249-2_4seq1.xml · derivative · entry 1

Prince Matthew · CIK 0001786925 · Director · CEO and Board Co-Chair

10b5-1 filing: No plan indicated

Ownership: Indirect · See footnote

Disclosed balance after: 5,324,733

Underlying: Class A Common Stock · 495,257 shares

Expires not disclosed

F1 · derivative.exercise_price: Each share of Class B Common Stock is convertible at any time into Class A Common Stock on a one-to-one basis at the reporting person's election and has no expiration date.

F1 · derivative.exercise_date: Each share of Class B Common Stock is convertible at any time into Class A Common Stock on a one-to-one basis at the reporting person's election and has no expiration date.

F1 · derivative.expiration_date: Each share of Class B Common Stock is convertible at any time into Class A Common Stock on a one-to-one basis at the reporting person's election and has no expiration date.

F2 · ownership.nature: The shares are held of record by The Matthew Prince Revocable Trust dated October 29, 2015, for which the reporting person serves as trustee.

Read SEC document
November 24, 2025 Filed Nov 25, 2025 01:49 UTC
Zatlyn MichelleDirector · President and Board Co-Chair
ConversionClass B Common Stock · Derivative 25,641 $0.00 $0.00
Disclosure

SEC source: 0001104659-25-115562 · tm2532076-1_4seq1.xml · derivative · entry 34

Zatlyn Michelle · CIK 0001786951 · Director · President and Board Co-Chair

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 0

Underlying: Class A Common Stock · 25,641 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: Each share of Class B Common Stock is convertible at any time into Class A Common Stock on a one-to-one basis at the reporting person's election and has no expiration date.

F1 · derivative.exercise_date: Each share of Class B Common Stock is convertible at any time into Class A Common Stock on a one-to-one basis at the reporting person's election and has no expiration date.

F1 · derivative.expiration_date: Each share of Class B Common Stock is convertible at any time into Class A Common Stock on a one-to-one basis at the reporting person's election and has no expiration date.

F26 · ownership.direct: Upon the conversion of the shares of Class B Common Stock to Class A Common Stock, the shares were re-registered and are now held of record by the Revocable Trust.

Read SEC document
November 24, 2025 Filed Nov 25, 2025 01:49 UTC
Zatlyn MichelleDirector · President and Board Co-Chair
Exercise / conversionClass B Common Stock · Derivative 25,641 $0.00 $0.00
Disclosure

SEC source: 0001104659-25-115562 · tm2532076-1_4seq1.xml · derivative · entry 33

Zatlyn Michelle · CIK 0001786951 · Director · President and Board Co-Chair

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 25,641

Underlying: Class A Common Stock · 25,641 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: Each share of Class B Common Stock is convertible at any time into Class A Common Stock on a one-to-one basis at the reporting person's election and has no expiration date.

F1 · derivative.exercise_date: Each share of Class B Common Stock is convertible at any time into Class A Common Stock on a one-to-one basis at the reporting person's election and has no expiration date.

F1 · derivative.expiration_date: Each share of Class B Common Stock is convertible at any time into Class A Common Stock on a one-to-one basis at the reporting person's election and has no expiration date.

Read SEC document
November 24, 2025 Filed Nov 25, 2025 01:49 UTC
Zatlyn MichelleDirector · President and Board Co-Chair
Exercise / conversionEmployee Stock Option (right to buy) · Derivative 25,641 $0.00 Strike: $2.04 $0.00
Disclosure

SEC source: 0001104659-25-115562 · tm2532076-1_4seq1.xml · derivative · entry 32

Zatlyn Michelle · CIK 0001786951 · Director · President and Board Co-Chair

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 1,825,633

Underlying: Class B Common Stock · 25,641 shares

Expires 2027-08-07

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.

F25 · derivative.exercise_date: Shares subject to the option are fully vested and immediately exercisable.

Read SEC document
November 24, 2025 Filed Nov 25, 2025 01:49 UTC
Zatlyn MichelleDirector · President and Board Co-Chair
SaleClass A Common Stock 3,823 $190.17 $727,010.73
Disclosure

SEC source: 0001104659-25-115562 · tm2532076-1_4seq1.xml · nonDerivative · entry 23

Zatlyn Michelle · CIK 0001786951 · Director · President and Board Co-Chair

10b5-1 filing: Plan reported

Ownership: Indirect · See footnote

Disclosed balance after: 24,555

F3 · kind: The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on February 14, 2025.

F23 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $189.995 to $190.47, inclusive.

F2 · ownership.nature: The shares are held of record by The Sutherland/Zatlyn Revocable Trust dated November 17, 2016, for which the reporting person serves as co-trustee (the "Revocable Trust").

Read SEC document
November 24, 2025 Filed Nov 25, 2025 01:49 UTC
Zatlyn MichelleDirector · President and Board Co-Chair
SaleClass A Common Stock 9,220 $189.45 $1,746,717.94
Disclosure

SEC source: 0001104659-25-115562 · tm2532076-1_4seq1.xml · nonDerivative · entry 22

Zatlyn Michelle · CIK 0001786951 · Director · President and Board Co-Chair

10b5-1 filing: Plan reported

Ownership: Indirect · See footnote

Disclosed balance after: 28,378

F3 · kind: The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on February 14, 2025.

F22 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $188.99 to $189.98, inclusive.

F2 · ownership.nature: The shares are held of record by The Sutherland/Zatlyn Revocable Trust dated November 17, 2016, for which the reporting person serves as co-trustee (the "Revocable Trust").

Read SEC document
November 24, 2025 Filed Nov 25, 2025 01:49 UTC
Zatlyn MichelleDirector · President and Board Co-Chair
SaleClass A Common Stock 12,598 $188.46 $2,374,176.25
Disclosure

SEC source: 0001104659-25-115562 · tm2532076-1_4seq1.xml · nonDerivative · entry 21

Zatlyn Michelle · CIK 0001786951 · Director · President and Board Co-Chair

10b5-1 filing: Plan reported

Ownership: Indirect · See footnote

Disclosed balance after: 37,598

F3 · kind: The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on February 14, 2025.

F21 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $187.98 to $188.93, inclusive.

F2 · ownership.nature: The shares are held of record by The Sutherland/Zatlyn Revocable Trust dated November 17, 2016, for which the reporting person serves as co-trustee (the "Revocable Trust").

Read SEC document
November 24, 2025 Filed Nov 25, 2025 01:49 UTC
Zatlyn MichelleDirector · President and Board Co-Chair
ConversionClass A Common Stock 25,641 Not disclosed Not disclosed
Disclosure

SEC source: 0001104659-25-115562 · tm2532076-1_4seq1.xml · nonDerivative · entry 20

Zatlyn Michelle · CIK 0001786951 · Director · President and Board Co-Chair

10b5-1 filing: Plan reported

Ownership: Indirect · See footnote

Disclosed balance after: 50,196

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 · price: Each share of Class B Common Stock is convertible at any time into Class A Common Stock on a one-to-one basis at the reporting person's election and has no expiration date.

F2 · ownership.nature: The shares are held of record by The Sutherland/Zatlyn Revocable Trust dated November 17, 2016, for which the reporting person serves as co-trustee (the "Revocable Trust").

Read SEC document
November 21, 2025 Filed Nov 25, 2025 01:49 UTC
Zatlyn MichelleDirector · President and Board Co-Chair
ConversionClass B Common Stock · Derivative 25,641 $0.00 $0.00
Disclosure

SEC source: 0001104659-25-115562 · tm2532076-1_4seq1.xml · derivative · entry 31

Zatlyn Michelle · CIK 0001786951 · Director · President and Board Co-Chair

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 0

Underlying: Class A Common Stock · 25,641 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: Each share of Class B Common Stock is convertible at any time into Class A Common Stock on a one-to-one basis at the reporting person's election and has no expiration date.

F1 · derivative.exercise_date: Each share of Class B Common Stock is convertible at any time into Class A Common Stock on a one-to-one basis at the reporting person's election and has no expiration date.

F1 · derivative.expiration_date: Each share of Class B Common Stock is convertible at any time into Class A Common Stock on a one-to-one basis at the reporting person's election and has no expiration date.

F26 · ownership.direct: Upon the conversion of the shares of Class B Common Stock to Class A Common Stock, the shares were re-registered and are now held of record by the Revocable Trust.

Read SEC document
November 21, 2025 Filed Nov 25, 2025 01:49 UTC
Zatlyn MichelleDirector · President and Board Co-Chair
Exercise / conversionClass B Common Stock · Derivative 25,641 $0.00 $0.00
Disclosure

SEC source: 0001104659-25-115562 · tm2532076-1_4seq1.xml · derivative · entry 30

Zatlyn Michelle · CIK 0001786951 · Director · President and Board Co-Chair

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 25,641

Underlying: Class A Common Stock · 25,641 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: Each share of Class B Common Stock is convertible at any time into Class A Common Stock on a one-to-one basis at the reporting person's election and has no expiration date.

F1 · derivative.exercise_date: Each share of Class B Common Stock is convertible at any time into Class A Common Stock on a one-to-one basis at the reporting person's election and has no expiration date.

F1 · derivative.expiration_date: Each share of Class B Common Stock is convertible at any time into Class A Common Stock on a one-to-one basis at the reporting person's election and has no expiration date.

Read SEC document
November 21, 2025 Filed Nov 25, 2025 01:49 UTC
Zatlyn MichelleDirector · President and Board Co-Chair
Exercise / conversionEmployee Stock Option (right to buy) · Derivative 25,641 $0.00 Strike: $2.04 $0.00
Disclosure

SEC source: 0001104659-25-115562 · tm2532076-1_4seq1.xml · derivative · entry 29

Zatlyn Michelle · CIK 0001786951 · Director · President and Board Co-Chair

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 1,851,274

Underlying: Class B Common Stock · 25,641 shares

Expires 2027-08-07

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.

F25 · derivative.exercise_date: Shares subject to the option are fully vested and immediately exercisable.

Read SEC document
November 21, 2025 Filed Nov 25, 2025 01:49 UTC
Zatlyn MichelleDirector · President and Board Co-Chair
SaleClass A Common Stock 7,681 $189.27 $1,453,772.12
Disclosure

SEC source: 0001104659-25-115562 · tm2532076-1_4seq1.xml · nonDerivative · entry 19

Zatlyn Michelle · CIK 0001786951 · Director · President and Board Co-Chair

10b5-1 filing: Plan reported

Ownership: Indirect · See footnote

Disclosed balance after: 24,555

F3 · kind: The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on February 14, 2025.

F20 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $188.91 to $189.83, inclusive.

F2 · ownership.nature: The shares are held of record by The Sutherland/Zatlyn Revocable Trust dated November 17, 2016, for which the reporting person serves as co-trustee (the "Revocable Trust").

Read SEC document
November 21, 2025 Filed Nov 25, 2025 01:49 UTC
Zatlyn MichelleDirector · President and Board Co-Chair
SaleClass A Common Stock 9,940 $188.39 $1,872,603.56
Disclosure

SEC source: 0001104659-25-115562 · tm2532076-1_4seq1.xml · nonDerivative · entry 18

Zatlyn Michelle · CIK 0001786951 · Director · President and Board Co-Chair

10b5-1 filing: Plan reported

Ownership: Indirect · See footnote

Disclosed balance after: 32,236

F3 · kind: The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on February 14, 2025.

F19 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $187.91 to $188.90, inclusive.

F2 · ownership.nature: The shares are held of record by The Sutherland/Zatlyn Revocable Trust dated November 17, 2016, for which the reporting person serves as co-trustee (the "Revocable Trust").

Read SEC document
November 21, 2025 Filed Nov 25, 2025 01:49 UTC
Zatlyn MichelleDirector · President and Board Co-Chair
SaleClass A Common Stock 3,554 $187.13 $665,067.13
Disclosure

SEC source: 0001104659-25-115562 · tm2532076-1_4seq1.xml · nonDerivative · entry 17

Zatlyn Michelle · CIK 0001786951 · Director · President and Board Co-Chair

10b5-1 filing: Plan reported

Ownership: Indirect · See footnote

Disclosed balance after: 42,176

F3 · kind: The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on February 14, 2025.

F18 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $186.72 to $187.70, inclusive.

F2 · ownership.nature: The shares are held of record by The Sutherland/Zatlyn Revocable Trust dated November 17, 2016, for which the reporting person serves as co-trustee (the "Revocable Trust").

Read SEC document
November 21, 2025 Filed Nov 25, 2025 01:49 UTC
Zatlyn MichelleDirector · President and Board Co-Chair
SaleClass A Common Stock 4,466 $186.40 $832,462.85
Disclosure

SEC source: 0001104659-25-115562 · tm2532076-1_4seq1.xml · nonDerivative · entry 16

Zatlyn Michelle · CIK 0001786951 · Director · President and Board Co-Chair

10b5-1 filing: Plan reported

Ownership: Indirect · See footnote

Disclosed balance after: 45,730

F3 · kind: The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on February 14, 2025.

F17 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $185.70 to $186.69, inclusive.

F2 · ownership.nature: The shares are held of record by The Sutherland/Zatlyn Revocable Trust dated November 17, 2016, for which the reporting person serves as co-trustee (the "Revocable Trust").

Read SEC document
November 21, 2025 Filed Nov 25, 2025 01:49 UTC
Zatlyn MichelleDirector · President and Board Co-Chair
ConversionClass A Common Stock 25,641 Not disclosed Not disclosed
Disclosure

SEC source: 0001104659-25-115562 · tm2532076-1_4seq1.xml · nonDerivative · entry 15

Zatlyn Michelle · CIK 0001786951 · Director · President and Board Co-Chair

10b5-1 filing: Plan reported

Ownership: Indirect · See footnote

Disclosed balance after: 50,196

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 · price: Each share of Class B Common Stock is convertible at any time into Class A Common Stock on a one-to-one basis at the reporting person's election and has no expiration date.

F2 · ownership.nature: The shares are held of record by The Sutherland/Zatlyn Revocable Trust dated November 17, 2016, for which the reporting person serves as co-trustee (the "Revocable Trust").

Read SEC document
November 20, 2025 Filed Nov 21, 2025 23:45 UTC
SEIFERT THOMAS JChief Financial Officer
ConversionClass B Common Stock · Derivative 10,000 $0.00 $0.00
Disclosure

SEC source: 0001104659-25-115077 · tm2531968-1_4seq1.xml · derivative · entry 17

SEIFERT THOMAS J · CIK 0001473289 · Chief Financial Officer

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 8,925

Underlying: Class A Common Stock · 10,000 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: Each share of Class B Common Stock is convertible at any time into Class A Common Stock on a one-to-one basis at the reporting person's election and has no expiration date.

F1 · derivative.exercise_date: Each share of Class B Common Stock is convertible at any time into Class A Common Stock on a one-to-one basis at the reporting person's election and has no expiration date.

F1 · derivative.expiration_date: Each share of Class B Common Stock is convertible at any time into Class A Common Stock on a one-to-one basis at the reporting person's election and has no expiration date.

Read SEC document
November 20, 2025 Filed Nov 21, 2025 23:45 UTC
SEIFERT THOMAS JChief Financial Officer
Exercise / conversionClass B Common Stock · Derivative 10,000 $0.00 $0.00
Disclosure

SEC source: 0001104659-25-115077 · tm2531968-1_4seq1.xml · derivative · entry 16

SEIFERT THOMAS J · CIK 0001473289 · Chief Financial Officer

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 18,925

Underlying: Class A Common Stock · 10,000 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: Each share of Class B Common Stock is convertible at any time into Class A Common Stock on a one-to-one basis at the reporting person's election and has no expiration date.

F1 · derivative.exercise_date: Each share of Class B Common Stock is convertible at any time into Class A Common Stock on a one-to-one basis at the reporting person's election and has no expiration date.

F1 · derivative.expiration_date: Each share of Class B Common Stock is convertible at any time into Class A Common Stock on a one-to-one basis at the reporting person's election and has no expiration date.

Read SEC document
November 20, 2025 Filed Nov 21, 2025 23:45 UTC
SEIFERT THOMAS JChief Financial Officer
Exercise / conversionEmployee Stock Option (right to buy) · Derivative 10,000 $0.00 Strike: $2.04 $0.00
Disclosure

SEC source: 0001104659-25-115077 · tm2531968-1_4seq1.xml · derivative · entry 15

SEIFERT THOMAS J · CIK 0001473289 · Chief Financial Officer

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 100,341

Underlying: Class B Common Stock · 10,000 shares

Expires 2027-07-25

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.

F15 · derivative.exercise_date: Shares subject to the option are fully vested and immediately exercisable.

F1 · derivative.underlying: Each share of Class B Common Stock is convertible at any time into Class A Common Stock on a one-to-one basis at the reporting person's election and has no expiration date.

Read SEC document
November 20, 2025 Filed Nov 21, 2025 23:45 UTC
SEIFERT THOMAS JChief Financial Officer
SaleClass A Common Stock 100 $202.96 $20,296.00
Disclosure

SEC source: 0001104659-25-115077 · tm2531968-1_4seq1.xml · nonDerivative · entry 14

SEIFERT THOMAS J · CIK 0001473289 · Chief Financial Officer

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 137,486

F2 · kind: The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 26, 2024.

Read SEC document
November 20, 2025 Filed Nov 21, 2025 23:45 UTC
SEIFERT THOMAS JChief Financial Officer
SaleClass A Common Stock 1,300 $202.31 $262,997.02
Disclosure

SEC source: 0001104659-25-115077 · tm2531968-1_4seq1.xml · nonDerivative · entry 13

SEIFERT THOMAS J · CIK 0001473289 · Chief Financial Officer

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 137,586

F2 · kind: The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 26, 2024.

F14 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $201.61 to $202.51, inclusive.

Read SEC document
November 20, 2025 Filed Nov 21, 2025 23:45 UTC
SEIFERT THOMAS JChief Financial Officer
SaleClass A Common Stock 1,703 $200.42 $341,314.75
Disclosure

SEC source: 0001104659-25-115077 · tm2531968-1_4seq1.xml · nonDerivative · entry 12

SEIFERT THOMAS J · CIK 0001473289 · Chief Financial Officer

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 138,886

F2 · kind: The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 26, 2024.

F13 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $200.23 to $200.86, inclusive.

Read SEC document
November 20, 2025 Filed Nov 21, 2025 23:45 UTC
SEIFERT THOMAS JChief Financial Officer
SaleClass A Common Stock 3,400 $199.75 $679,134.70
Disclosure

SEC source: 0001104659-25-115077 · tm2531968-1_4seq1.xml · nonDerivative · entry 11

SEIFERT THOMAS J · CIK 0001473289 · Chief Financial Officer

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 140,589

F2 · kind: The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 26, 2024.

F12 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $199.22 to $200.21, inclusive.

Read SEC document
November 20, 2025 Filed Nov 21, 2025 23:45 UTC
SEIFERT THOMAS JChief Financial Officer
SaleClass A Common Stock 2,700 $198.83 $536,852.61
Disclosure

SEC source: 0001104659-25-115077 · tm2531968-1_4seq1.xml · nonDerivative · entry 10

SEIFERT THOMAS J · CIK 0001473289 · Chief Financial Officer

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 143,989

F2 · kind: The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 26, 2024.

F11 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $198.19 to $199.18, inclusive.

Read SEC document
November 20, 2025 Filed Nov 21, 2025 23:45 UTC
SEIFERT THOMAS JChief Financial Officer
SaleClass A Common Stock 1,358 $197.65 $268,402.59
Disclosure

SEC source: 0001104659-25-115077 · tm2531968-1_4seq1.xml · nonDerivative · entry 9

SEIFERT THOMAS J · CIK 0001473289 · Chief Financial Officer

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 146,689

F2 · kind: The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 26, 2024.

F10 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $197.19 to $198.11, inclusive.

Read SEC document
November 20, 2025 Filed Nov 21, 2025 23:45 UTC
SEIFERT THOMAS JChief Financial Officer
SaleClass A Common Stock 600 $196.39 $117,834.84
Disclosure

SEC source: 0001104659-25-115077 · tm2531968-1_4seq1.xml · nonDerivative · entry 8

SEIFERT THOMAS J · CIK 0001473289 · Chief Financial Officer

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 148,047

F2 · kind: The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 26, 2024.

F9 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $196.10 to $197.08, inclusive.

Read SEC document
November 20, 2025 Filed Nov 21, 2025 23:45 UTC
SEIFERT THOMAS JChief Financial Officer
SaleClass A Common Stock 1,500 $195.55 $293,330.85
Disclosure

SEC source: 0001104659-25-115077 · tm2531968-1_4seq1.xml · nonDerivative · entry 7

SEIFERT THOMAS J · CIK 0001473289 · Chief Financial Officer

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 148,647

F2 · kind: The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 26, 2024.

F8 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $195.09 to $196.04, inclusive.

Read SEC document
November 20, 2025 Filed Nov 21, 2025 23:45 UTC
SEIFERT THOMAS JChief Financial Officer
SaleClass A Common Stock 1,900 $194.34 $369,246.00
Disclosure

SEC source: 0001104659-25-115077 · tm2531968-1_4seq1.xml · nonDerivative · entry 6

SEIFERT THOMAS J · CIK 0001473289 · Chief Financial Officer

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 150,147

F2 · kind: The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 26, 2024.

F7 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $194.02 to $195.00, inclusive.

Read SEC document
November 20, 2025 Filed Nov 21, 2025 23:45 UTC
SEIFERT THOMAS JChief Financial Officer
SaleClass A Common Stock 2,725 $193.50 $527,289.14
Disclosure

SEC source: 0001104659-25-115077 · tm2531968-1_4seq1.xml · nonDerivative · entry 5

SEIFERT THOMAS J · CIK 0001473289 · Chief Financial Officer

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 152,047

F2 · kind: The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 26, 2024.

F6 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $193.02 to $194.00, inclusive.

Read SEC document
November 20, 2025 Filed Nov 21, 2025 23:45 UTC
SEIFERT THOMAS JChief Financial Officer
SaleClass A Common Stock 8,666 $192.47 $1,667,912.09
Disclosure

SEC source: 0001104659-25-115077 · tm2531968-1_4seq1.xml · nonDerivative · entry 4

SEIFERT THOMAS J · CIK 0001473289 · Chief Financial Officer

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 154,772

F2 · kind: The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 26, 2024.

F5 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $192.00 to $192.98, inclusive.

Read SEC document
November 20, 2025 Filed Nov 21, 2025 23:45 UTC
SEIFERT THOMAS JChief Financial Officer
SaleClass A Common Stock 13,331 $191.45 $2,552,179.96
Disclosure

SEC source: 0001104659-25-115077 · tm2531968-1_4seq1.xml · nonDerivative · entry 3

SEIFERT THOMAS J · CIK 0001473289 · Chief Financial Officer

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 163,438

F2 · kind: The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 26, 2024.

F4 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $191.00 to $191.99, inclusive.

Read SEC document
November 20, 2025 Filed Nov 21, 2025 23:45 UTC
SEIFERT THOMAS JChief Financial Officer
SaleClass A Common Stock 2,272 $190.31 $432,387.27
Disclosure

SEC source: 0001104659-25-115077 · tm2531968-1_4seq1.xml · nonDerivative · entry 2

SEIFERT THOMAS J · CIK 0001473289 · Chief Financial Officer

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 176,769

F2 · kind: The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 26, 2024.

F3 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $189.92 to $190.85, 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 ranges set forth in footnotes (3) through (14) to this Form 4.

Read SEC document
November 20, 2025 Filed Nov 21, 2025 23:45 UTC
SEIFERT THOMAS JChief Financial Officer
ConversionClass A Common Stock 10,000 Not disclosed Not disclosed
Disclosure

SEC source: 0001104659-25-115077 · tm2531968-1_4seq1.xml · nonDerivative · entry 1

SEIFERT THOMAS J · CIK 0001473289 · Chief Financial Officer

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 179,041

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 · price: Each share of Class B Common Stock is convertible at any time into Class A Common Stock on a one-to-one basis at the reporting person's election and has no expiration date.

Read SEC document
November 20, 2025 Filed Nov 25, 2025 01:49 UTC
Zatlyn MichelleDirector · President and Board Co-Chair
ConversionClass B Common Stock · Derivative 25,641 $0.00 $0.00
Disclosure

SEC source: 0001104659-25-115562 · tm2532076-1_4seq1.xml · derivative · entry 28

Zatlyn Michelle · CIK 0001786951 · Director · President and Board Co-Chair

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 0

Underlying: Class A Common Stock · 25,641 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: Each share of Class B Common Stock is convertible at any time into Class A Common Stock on a one-to-one basis at the reporting person's election and has no expiration date.

F1 · derivative.exercise_date: Each share of Class B Common Stock is convertible at any time into Class A Common Stock on a one-to-one basis at the reporting person's election and has no expiration date.

F1 · derivative.expiration_date: Each share of Class B Common Stock is convertible at any time into Class A Common Stock on a one-to-one basis at the reporting person's election and has no expiration date.

F26 · ownership.direct: Upon the conversion of the shares of Class B Common Stock to Class A Common Stock, the shares were re-registered and are now held of record by the Revocable Trust.

Read SEC document
November 20, 2025 Filed Nov 25, 2025 01:49 UTC
Zatlyn MichelleDirector · President and Board Co-Chair
Exercise / conversionClass B Common Stock · Derivative 25,641 $0.00 $0.00
Disclosure

SEC source: 0001104659-25-115562 · tm2532076-1_4seq1.xml · derivative · entry 27

Zatlyn Michelle · CIK 0001786951 · Director · President and Board Co-Chair

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 25,641

Underlying: Class A Common Stock · 25,641 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: Each share of Class B Common Stock is convertible at any time into Class A Common Stock on a one-to-one basis at the reporting person's election and has no expiration date.

F1 · derivative.exercise_date: Each share of Class B Common Stock is convertible at any time into Class A Common Stock on a one-to-one basis at the reporting person's election and has no expiration date.

F1 · derivative.expiration_date: Each share of Class B Common Stock is convertible at any time into Class A Common Stock on a one-to-one basis at the reporting person's election and has no expiration date.

Read SEC document
November 20, 2025 Filed Nov 25, 2025 01:49 UTC
Zatlyn MichelleDirector · President and Board Co-Chair
Exercise / conversionEmployee Stock Option (right to buy) · Derivative 25,641 $0.00 Strike: $2.04 $0.00
Disclosure

SEC source: 0001104659-25-115562 · tm2532076-1_4seq1.xml · derivative · entry 26

Zatlyn Michelle · CIK 0001786951 · Director · President and Board Co-Chair

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 1,876,915

Underlying: Class B Common Stock · 25,641 shares

Expires 2027-08-07

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.

F25 · derivative.exercise_date: Shares subject to the option are fully vested and immediately exercisable.

Read SEC document
November 20, 2025 Filed Nov 25, 2025 01:49 UTC
Zatlyn MichelleDirector · President and Board Co-Chair
SaleClass A Common Stock 1,875 $202.63 $379,922.81
Disclosure

SEC source: 0001104659-25-115562 · tm2532076-1_4seq1.xml · nonDerivative · entry 14

Zatlyn Michelle · CIK 0001786951 · Director · President and Board Co-Chair

10b5-1 filing: Plan reported

Ownership: Indirect · See footnote

Disclosed balance after: 24,555

F3 · kind: The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on February 14, 2025.

F16 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $202.47 to $202.94, inclusive.

F2 · ownership.nature: The shares are held of record by The Sutherland/Zatlyn Revocable Trust dated November 17, 2016, for which the reporting person serves as co-trustee (the "Revocable Trust").

Read SEC document
November 20, 2025 Filed Nov 25, 2025 01:49 UTC
Zatlyn MichelleDirector · President and Board Co-Chair
SaleClass A Common Stock 6,757 $201.92 $1,364,363.30
Disclosure

SEC source: 0001104659-25-115562 · tm2532076-1_4seq1.xml · nonDerivative · entry 13

Zatlyn Michelle · CIK 0001786951 · Director · President and Board Co-Chair

10b5-1 filing: Plan reported

Ownership: Indirect · See footnote

Disclosed balance after: 26,430

F3 · kind: The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on February 14, 2025.

F15 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $201.47 to $202.41, inclusive.

F2 · ownership.nature: The shares are held of record by The Sutherland/Zatlyn Revocable Trust dated November 17, 2016, for which the reporting person serves as co-trustee (the "Revocable Trust").

Read SEC document
November 20, 2025 Filed Nov 25, 2025 01:49 UTC
Zatlyn MichelleDirector · President and Board Co-Chair
SaleClass A Common Stock 7,511 $201.00 $1,509,707.24
Disclosure

SEC source: 0001104659-25-115562 · tm2532076-1_4seq1.xml · nonDerivative · entry 12

Zatlyn Michelle · CIK 0001786951 · Director · President and Board Co-Chair

10b5-1 filing: Plan reported

Ownership: Indirect · See footnote

Disclosed balance after: 33,187

F3 · kind: The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on February 14, 2025.

F14 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $200.47 to $201.45, inclusive.

F2 · ownership.nature: The shares are held of record by The Sutherland/Zatlyn Revocable Trust dated November 17, 2016, for which the reporting person serves as co-trustee (the "Revocable Trust").

Read SEC document
November 20, 2025 Filed Nov 25, 2025 01:49 UTC
Zatlyn MichelleDirector · President and Board Co-Chair
SaleClass A Common Stock 8,997 $200.01 $1,799,521.46
Disclosure

SEC source: 0001104659-25-115562 · tm2532076-1_4seq1.xml · nonDerivative · entry 11

Zatlyn Michelle · CIK 0001786951 · Director · President and Board Co-Chair

10b5-1 filing: Plan reported

Ownership: Indirect · See footnote

Disclosed balance after: 40,698

F3 · kind: The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on February 14, 2025.

F13 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $199.41 to $200.345, inclusive.

F2 · ownership.nature: The shares are held of record by The Sutherland/Zatlyn Revocable Trust dated November 17, 2016, for which the reporting person serves as co-trustee (the "Revocable Trust").

Read SEC document
November 20, 2025 Filed Nov 25, 2025 01:49 UTC
Zatlyn MichelleDirector · President and Board Co-Chair
SaleClass A Common Stock 3,338 $198.95 $664,091.09
Disclosure

SEC source: 0001104659-25-115562 · tm2532076-1_4seq1.xml · nonDerivative · entry 10

Zatlyn Michelle · CIK 0001786951 · Director · President and Board Co-Chair

10b5-1 filing: Plan reported

Ownership: Indirect · See footnote

Disclosed balance after: 49,695

F3 · kind: The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on February 14, 2025.

F12 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $198.385 to $199.38, inclusive.

F2 · ownership.nature: The shares are held of record by The Sutherland/Zatlyn Revocable Trust dated November 17, 2016, for which the reporting person serves as co-trustee (the "Revocable Trust").

Read SEC document
November 20, 2025 Filed Nov 25, 2025 01:49 UTC
Zatlyn MichelleDirector · President and Board Co-Chair
SaleClass A Common Stock 360 $197.75 $71,188.96
Disclosure

SEC source: 0001104659-25-115562 · tm2532076-1_4seq1.xml · nonDerivative · entry 9

Zatlyn Michelle · CIK 0001786951 · Director · President and Board Co-Chair

10b5-1 filing: Plan reported

Ownership: Indirect · See footnote

Disclosed balance after: 53,033

F3 · kind: The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on February 14, 2025.

F11 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $197.375 to $198.20, inclusive.

F2 · ownership.nature: The shares are held of record by The Sutherland/Zatlyn Revocable Trust dated November 17, 2016, for which the reporting person serves as co-trustee (the "Revocable Trust").

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.