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Cloudflare, Inc.

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2910
SEC CIK
0001477333
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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
June 05, 2025 Filed Jun 6, 2025 23:52 UTC
Zatlyn MichelleDirector · President and Board Co-Chair
SaleClass A Common Stock 23,000 $171.36 $3,941,346.70
Disclosure

SEC source: 0001104659-25-057466 · tm2517410-1_4seq1.xml · nonDerivative · entry 6

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

10b5-1 filing: Plan reported

Ownership: Indirect · See footnote

Disclosed balance after: 9,031

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.

F7 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $170.785 to $171.78, 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
June 05, 2025 Filed Jun 6, 2025 23:52 UTC
Zatlyn MichelleDirector · President and Board Co-Chair
ConversionClass A Common Stock 25,641 Not disclosed Not disclosed
Disclosure

SEC source: 0001104659-25-057466 · tm2517410-1_4seq1.xml · nonDerivative · entry 5

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

10b5-1 filing: Plan reported

Ownership: Indirect · See footnote

Disclosed balance after: 32,031

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
June 05, 2025 Filed Jun 9, 2025 20:23 UTC
Suder KatrinDirector
SaleClass A Common Stock 608 $172.00 $104,576.00
Disclosure

SEC source: 0001477333-25-000102 · wk-form4_1749500568.xml · nonDerivative · entry 2

Suder Katrin · CIK 0001786926 · Director

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 41,785

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 25, 2024.

Read SEC document
June 05, 2025 Filed Jun 9, 2025 20:23 UTC
Suder KatrinDirector
GrantClass A Common Stock 1,172 $0.00 $0.00
Disclosure

SEC source: 0001477333-25-000102 · wk-form4_1749500568.xml · nonDerivative · entry 1

Suder Katrin · CIK 0001786926 · Director

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 42,393

F1 · shares: Represents an automatic annual restricted stock unit, or RSU, award issued pursuant to the Issuer's Outside Director Compensation Policy. The RSUs vest on the earlier of (i) June 5, 2026 or (ii) the day prior to the date of the Issuer's next annual meeting of stockholders.

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June 05, 2025 Filed Jun 9, 2025 20:56 UTC GrantClass A Common Stock 1,172 $0.00 $0.00
Disclosure

SEC source: 0000950170-25-083824 · ownership.xml · nonDerivative · entry 1

SANDELL SCOTT D · CIK 0001237289 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 10,536

F1 · shares: Represents an automatic annual restricted stock unit, or RSU, award issued pursuant to the Issuer's Outside Director Compensation Policy. The RSUs vest on the earlier of (i) June 5, 2026 or (ii) the day prior to the date of the Issuer's next annual meeting of stockholders.

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June 05, 2025 Filed Jun 9, 2025 20:21 UTC GrantClass A Common Stock 1,172 $0.00 $0.00
Disclosure

SEC source: 0001477333-25-000100 · wk-form4_1749500470.xml · nonDerivative · entry 1

Hawkins Mark J · CIK 0001430437 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 13,990

F1 · shares: Represents an automatic annual restricted stock unit, or RSU, award issued pursuant to the Issuer's Outside Director Compensation Policy. The RSUs vest on the earlier of (i) June 5, 2026 or (ii) the day prior to the date of the Issuer's next annual meeting of stockholders.

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June 05, 2025 Filed Jun 9, 2025 20:19 UTC GrantClass A Common Stock 1,172 $0.00 $0.00
Disclosure

SEC source: 0001477333-25-000098 · wk-form4_1749500363.xml · nonDerivative · entry 1

Ledbetter Carl · CIK 0001366574 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 19,599

F1 · shares: Represents an automatic annual restricted stock unit, or RSU, award issued pursuant to the Issuer's Outside Director Compensation Policy. The RSUs vest on the earlier of (i) June 5, 2026 or (ii) the day prior to the date of the Issuer's next annual meeting of stockholders.

Read SEC document
June 04, 2025 Filed Jun 6, 2025 23:52 UTC
Zatlyn MichelleDirector · President and Board Co-Chair
ConversionClass B Common Stock · Derivative 25,642 $0.00 $0.00
Disclosure

SEC source: 0001104659-25-057466 · tm2517410-1_4seq1.xml · derivative · entry 17

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 · 25,642 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.

F15 · 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 directly by the Revocable Trust.

Read SEC document
June 04, 2025 Filed Jun 6, 2025 23:52 UTC
Zatlyn MichelleDirector · President and Board Co-Chair
Exercise / conversionClass B Common Stock · Derivative 25,642 $0.00 $0.00
Disclosure

SEC source: 0001104659-25-057466 · tm2517410-1_4seq1.xml · derivative · entry 16

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

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 25,642

Underlying: Class A Common Stock · 25,642 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
June 04, 2025 Filed Jun 6, 2025 23:52 UTC
Zatlyn MichelleDirector · President and Board Co-Chair
Exercise / conversionEmployee Stock Option (right to buy) · Derivative 25,642 $0.00 Strike: $2.04 $0.00
Disclosure

SEC source: 0001104659-25-057466 · tm2517410-1_4seq1.xml · derivative · entry 15

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

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 2,261,530

Underlying: Class B Common Stock · 25,642 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.

F14 · derivative.exercise_date: Shares subject to the option are fully vested and immediately exercisable.

Read SEC document
June 04, 2025 Filed Jun 6, 2025 23:52 UTC
Zatlyn MichelleDirector · President and Board Co-Chair
SaleClass A Common Stock 4,077 $173.91 $709,020.47
Disclosure

SEC source: 0001104659-25-057466 · tm2517410-1_4seq1.xml · nonDerivative · entry 4

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

10b5-1 filing: Plan reported

Ownership: Indirect · See footnote

Disclosed balance after: 6,390

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.

F6 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $173.79 to $174.04, 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
June 04, 2025 Filed Jun 6, 2025 23:52 UTC
Zatlyn MichelleDirector · President and Board Co-Chair
SaleClass A Common Stock 10,100 $173.36 $1,750,923.88
Disclosure

SEC source: 0001104659-25-057466 · tm2517410-1_4seq1.xml · nonDerivative · entry 3

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

10b5-1 filing: Plan reported

Ownership: Indirect · See footnote

Disclosed balance after: 10,467

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.

F5 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $172.785 to $173.77, 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
June 04, 2025 Filed Jun 6, 2025 23:52 UTC
Zatlyn MichelleDirector · President and Board Co-Chair
SaleClass A Common Stock 11,465 $172.35 $1,976,036.32
Disclosure

SEC source: 0001104659-25-057466 · tm2517410-1_4seq1.xml · nonDerivative · entry 2

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

10b5-1 filing: Plan reported

Ownership: Indirect · See footnote

Disclosed balance after: 20,567

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.

F4 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $171.78 to $172.76, 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 (4) through (12) to this Form 4.

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
June 04, 2025 Filed Jun 6, 2025 23:52 UTC
Zatlyn MichelleDirector · President and Board Co-Chair
ConversionClass A Common Stock 25,642 Not disclosed Not disclosed
Disclosure

SEC source: 0001104659-25-057466 · tm2517410-1_4seq1.xml · nonDerivative · entry 1

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

10b5-1 filing: Plan reported

Ownership: Indirect · See footnote

Disclosed balance after: 32,032

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
June 02, 2025 Filed Jun 2, 2025 22:18 UTC
Kramer Douglas JamesChief Legal Officer
SaleClass A Common Stock 1,650 $166.47 $274,674.51
Disclosure

SEC source: 0001477333-25-000094 · wk-form4_1748902720.xml · nonDerivative · entry 2

Kramer Douglas James · CIK 0001787168 · Chief Legal Officer

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 169,377

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 $166.19 to $167.145, inclusive.

Read SEC document
June 02, 2025 Filed Jun 2, 2025 22:18 UTC
Kramer Douglas JamesChief Legal Officer
SaleClass A Common Stock 1,350 $165.44 $223,339.41
Disclosure

SEC source: 0001477333-25-000094 · wk-form4_1748902720.xml · nonDerivative · entry 1

Kramer Douglas James · CIK 0001787168 · Chief Legal Officer

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 171,027

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 $165.05 to $166.03, 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) and (3) to this Form 4.

Read SEC document
May 22, 2025 Filed May 23, 2025 00:06 UTC
Zatlyn MichelleDirector · President and Board Co-Chair
ConversionClass B Common Stock · Derivative 5,128 $0.00 $0.00
Disclosure

SEC source: 0001104659-25-052112 · tm2515905-1_4seq1.xml · derivative · entry 35

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

10b5-1 filing: Plan reported

Ownership: Indirect · See footnote

Disclosed balance after: 1,339,844

Underlying: Class A Common Stock · 5,128 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.

F7 · ownership.nature: The shares are held of record by The SZ 2021 Irrevocable Trust dated November 6, 2021, for which the reporting person serves as the appointer.

Read SEC document
May 22, 2025 Filed May 23, 2025 00:06 UTC
Zatlyn MichelleDirector · President and Board Co-Chair
ConversionClass B Common Stock · Derivative 20,512 $0.00 $0.00
Disclosure

SEC source: 0001104659-25-052112 · tm2515905-1_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 · 20,512 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.

F14 · 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 directly by the Revocable Trust.

Read SEC document
May 22, 2025 Filed May 23, 2025 00:06 UTC
Zatlyn MichelleDirector · President and Board Co-Chair
Exercise / conversionClass B Common Stock · Derivative 20,512 $0.00 $0.00
Disclosure

SEC source: 0001104659-25-052112 · tm2515905-1_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: 20,512

Underlying: Class A Common Stock · 20,512 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
May 22, 2025 Filed May 23, 2025 00:06 UTC
Zatlyn MichelleDirector · President and Board Co-Chair
Exercise / conversionEmployee Stock Option (right to buy) · Derivative 20,512 $0.00 Strike: $2.04 $0.00
Disclosure

SEC source: 0001104659-25-052112 · tm2515905-1_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: 2,287,172

Underlying: Class B Common Stock · 20,512 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.

F13 · derivative.exercise_date: Shares subject to the option are fully vested and immediately exercisable.

Read SEC document
May 22, 2025 Filed May 23, 2025 00:06 UTC
Zatlyn MichelleDirector · President and Board Co-Chair
SaleClass A Common Stock 884 $158.25 $139,888.76
Disclosure

SEC source: 0001104659-25-052112 · tm2515905-1_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: 19,615

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 November 27, 2023.

F12 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $157.96 to $158.545, inclusive.

F7 · ownership.nature: The shares are held of record by The SZ 2021 Irrevocable Trust dated November 6, 2021, for which the reporting person serves as the appointer.

Read SEC document
May 22, 2025 Filed May 23, 2025 00:06 UTC
Zatlyn MichelleDirector · President and Board Co-Chair
SaleClass A Common Stock 1,715 $157.29 $269,749.43
Disclosure

SEC source: 0001104659-25-052112 · tm2515905-1_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: 20,499

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 November 27, 2023.

F11 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $156.88 to $157.86, inclusive.

F7 · ownership.nature: The shares are held of record by The SZ 2021 Irrevocable Trust dated November 6, 2021, for which the reporting person serves as the appointer.

Read SEC document
May 22, 2025 Filed May 23, 2025 00:06 UTC
Zatlyn MichelleDirector · President and Board Co-Chair
SaleClass A Common Stock 2,529 $156.57 $395,971.09
Disclosure

SEC source: 0001104659-25-052112 · tm2515905-1_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: 22,214

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 November 27, 2023.

F10 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $155.88 to $156.87, inclusive.

F7 · ownership.nature: The shares are held of record by The SZ 2021 Irrevocable Trust dated November 6, 2021, for which the reporting person serves as the appointer.

Read SEC document
May 22, 2025 Filed May 23, 2025 00:06 UTC
Zatlyn MichelleDirector · President and Board Co-Chair
ConversionClass A Common Stock 5,128 Not disclosed Not disclosed
Disclosure

SEC source: 0001104659-25-052112 · tm2515905-1_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: 24,743

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.

F7 · ownership.nature: The shares are held of record by The SZ 2021 Irrevocable Trust dated November 6, 2021, for which the reporting person serves as the appointer.

Read SEC document
May 22, 2025 Filed May 23, 2025 00:06 UTC
Zatlyn MichelleDirector · President and Board Co-Chair
SaleClass A Common Stock 3,511 $158.24 $555,596.44
Disclosure

SEC source: 0001104659-25-052112 · tm2515905-1_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: 6,390

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 November 27, 2023.

F12 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $157.96 to $158.545, 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
May 22, 2025 Filed May 23, 2025 00:06 UTC
Zatlyn MichelleDirector · President and Board Co-Chair
SaleClass A Common Stock 6,810 $157.30 $1,071,227.30
Disclosure

SEC source: 0001104659-25-052112 · tm2515905-1_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: 9,901

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 November 27, 2023.

F11 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $156.88 to $157.86, 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
May 22, 2025 Filed May 23, 2025 00:06 UTC
Zatlyn MichelleDirector · President and Board Co-Chair
SaleClass A Common Stock 10,191 $156.57 $1,595,612.00
Disclosure

SEC source: 0001104659-25-052112 · tm2515905-1_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: 16,711

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 November 27, 2023.

F10 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $155.88 to $156.87, 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
May 22, 2025 Filed May 23, 2025 00:06 UTC
Zatlyn MichelleDirector · President and Board Co-Chair
ConversionClass A Common Stock 20,512 Not disclosed Not disclosed
Disclosure

SEC source: 0001104659-25-052112 · tm2515905-1_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: 26,902

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
May 21, 2025 Filed May 23, 2025 00:06 UTC
Zatlyn MichelleDirector · President and Board Co-Chair
ConversionClass B Common Stock · Derivative 5,128 $0.00 $0.00
Disclosure

SEC source: 0001104659-25-052112 · tm2515905-1_4seq1.xml · derivative · entry 31

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

10b5-1 filing: Plan reported

Ownership: Indirect · See footnote

Disclosed balance after: 1,344,972

Underlying: Class A Common Stock · 5,128 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.

F7 · ownership.nature: The shares are held of record by The SZ 2021 Irrevocable Trust dated November 6, 2021, for which the reporting person serves as the appointer.

Read SEC document
May 21, 2025 Filed May 23, 2025 00:06 UTC
Zatlyn MichelleDirector · President and Board Co-Chair
ConversionClass B Common Stock · Derivative 20,512 $0.00 $0.00
Disclosure

SEC source: 0001104659-25-052112 · tm2515905-1_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: 0

Underlying: Class A Common Stock · 20,512 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.

F14 · 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 directly by the Revocable Trust.

Read SEC document
May 21, 2025 Filed May 23, 2025 00:06 UTC
Zatlyn MichelleDirector · President and Board Co-Chair
Exercise / conversionClass B Common Stock · Derivative 20,512 $0.00 $0.00
Disclosure

SEC source: 0001104659-25-052112 · tm2515905-1_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: 20,512

Underlying: Class A Common Stock · 20,512 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
May 21, 2025 Filed May 23, 2025 00:06 UTC
Zatlyn MichelleDirector · President and Board Co-Chair
Exercise / conversionEmployee Stock Option (right to buy) · Derivative 20,512 $0.00 Strike: $2.04 $0.00
Disclosure

SEC source: 0001104659-25-052112 · tm2515905-1_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: 2,307,684

Underlying: Class B Common Stock · 20,512 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.

F13 · derivative.exercise_date: Shares subject to the option are fully vested and immediately exercisable.

Read SEC document
May 21, 2025 Filed May 23, 2025 00:06 UTC
Zatlyn MichelleDirector · President and Board Co-Chair
SaleClass A Common Stock 1,708 $157.24 $268,558.40
Disclosure

SEC source: 0001104659-25-052112 · tm2515905-1_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: 19,615

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 November 27, 2023.

F9 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $156.99 to $157.515, inclusive.

F7 · ownership.nature: The shares are held of record by The SZ 2021 Irrevocable Trust dated November 6, 2021, for which the reporting person serves as the appointer.

Read SEC document
May 21, 2025 Filed May 23, 2025 00:06 UTC
Zatlyn MichelleDirector · President and Board Co-Chair
SaleClass A Common Stock 3,420 $156.46 $535,106.20
Disclosure

SEC source: 0001104659-25-052112 · tm2515905-1_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: 21,323

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 November 27, 2023.

F8 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $155.95 to $156.94, inclusive.

F7 · ownership.nature: The shares are held of record by The SZ 2021 Irrevocable Trust dated November 6, 2021, for which the reporting person serves as the appointer.

Read SEC document
May 21, 2025 Filed May 23, 2025 00:06 UTC
Zatlyn MichelleDirector · President and Board Co-Chair
ConversionClass A Common Stock 5,128 Not disclosed Not disclosed
Disclosure

SEC source: 0001104659-25-052112 · tm2515905-1_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: 24,743

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.

F7 · ownership.nature: The shares are held of record by The SZ 2021 Irrevocable Trust dated November 6, 2021, for which the reporting person serves as the appointer.

Read SEC document
May 21, 2025 Filed May 23, 2025 00:06 UTC
Zatlyn MichelleDirector · President and Board Co-Chair
SaleClass A Common Stock 6,788 $157.24 $1,067,314.57
Disclosure

SEC source: 0001104659-25-052112 · tm2515905-1_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: 6,390

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 November 27, 2023.

F9 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $156.99 to $157.515, 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
May 21, 2025 Filed May 23, 2025 00:06 UTC
Zatlyn MichelleDirector · President and Board Co-Chair
SaleClass A Common Stock 13,724 $156.47 $2,147,342.13
Disclosure

SEC source: 0001104659-25-052112 · tm2515905-1_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: 13,178

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 November 27, 2023.

F8 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $155.95 to $156.94, 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
May 21, 2025 Filed May 23, 2025 00:06 UTC
Zatlyn MichelleDirector · President and Board Co-Chair
ConversionClass A Common Stock 20,512 Not disclosed Not disclosed
Disclosure

SEC source: 0001104659-25-052112 · tm2515905-1_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: 26,902

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
May 20, 2025 Filed May 23, 2025 00:06 UTC
Zatlyn MichelleDirector · President and Board Co-Chair
ConversionClass B Common Stock · Derivative 5,128 $0.00 $0.00
Disclosure

SEC source: 0001104659-25-052112 · tm2515905-1_4seq1.xml · derivative · entry 27

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

10b5-1 filing: Plan reported

Ownership: Indirect · See footnote

Disclosed balance after: 1,350,100

Underlying: Class A Common Stock · 5,128 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.

F7 · ownership.nature: The shares are held of record by The SZ 2021 Irrevocable Trust dated November 6, 2021, for which the reporting person serves as the appointer.

Read SEC document
May 20, 2025 Filed May 23, 2025 00:06 UTC
Zatlyn MichelleDirector · President and Board Co-Chair
ConversionClass B Common Stock · Derivative 20,512 $0.00 $0.00
Disclosure

SEC source: 0001104659-25-052112 · tm2515905-1_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: 0

Underlying: Class A Common Stock · 20,512 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.

F14 · 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 directly by the Revocable Trust.

Read SEC document
May 20, 2025 Filed May 23, 2025 00:06 UTC
Zatlyn MichelleDirector · President and Board Co-Chair
Exercise / conversionClass B Common Stock · Derivative 20,512 $0.00 $0.00
Disclosure

SEC source: 0001104659-25-052112 · tm2515905-1_4seq1.xml · derivative · entry 25

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

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 20,512

Underlying: Class A Common Stock · 20,512 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
May 20, 2025 Filed May 23, 2025 00:06 UTC
Zatlyn MichelleDirector · President and Board Co-Chair
Exercise / conversionEmployee Stock Option (right to buy) · Derivative 20,512 $0.00 Strike: $2.04 $0.00
Disclosure

SEC source: 0001104659-25-052112 · tm2515905-1_4seq1.xml · derivative · entry 24

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

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 2,328,196

Underlying: Class B Common Stock · 20,512 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.

F13 · derivative.exercise_date: Shares subject to the option are fully vested and immediately exercisable.

Read SEC document
May 20, 2025 Filed May 23, 2025 00:06 UTC
Zatlyn MichelleDirector · President and Board Co-Chair
SaleClass A Common Stock 229 $157.53 $36,074.21
Disclosure

SEC source: 0001104659-25-052112 · tm2515905-1_4seq1.xml · nonDerivative · entry 8

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

10b5-1 filing: Plan reported

Ownership: Indirect · See footnote

Disclosed balance after: 19,615

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 November 27, 2023.

F6 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $157.44 to $157.81, inclusive.

F7 · ownership.nature: The shares are held of record by The SZ 2021 Irrevocable Trust dated November 6, 2021, for which the reporting person serves as the appointer.

Read SEC document
May 20, 2025 Filed May 23, 2025 00:06 UTC
Zatlyn MichelleDirector · President and Board Co-Chair
SaleClass A Common Stock 4,497 $156.85 $705,344.11
Disclosure

SEC source: 0001104659-25-052112 · tm2515905-1_4seq1.xml · nonDerivative · entry 7

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

10b5-1 filing: Plan reported

Ownership: Indirect · See footnote

Disclosed balance after: 19,844

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 November 27, 2023.

F5 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $156.435 to $157.43, inclusive.

F7 · ownership.nature: The shares are held of record by The SZ 2021 Irrevocable Trust dated November 6, 2021, for which the reporting person serves as the appointer.

Read SEC document
May 20, 2025 Filed May 23, 2025 00:06 UTC
Zatlyn MichelleDirector · President and Board Co-Chair
SaleClass A Common Stock 402 $156.17 $62,781.30
Disclosure

SEC source: 0001104659-25-052112 · tm2515905-1_4seq1.xml · nonDerivative · entry 6

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

10b5-1 filing: Plan reported

Ownership: Indirect · See footnote

Disclosed balance after: 24,341

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 November 27, 2023.

F4 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $155.43 to $156.425, 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 (4) through (6) and (8) through (12) to this Form 4.

F7 · ownership.nature: The shares are held of record by The SZ 2021 Irrevocable Trust dated November 6, 2021, for which the reporting person serves as the appointer.

Read SEC document
May 20, 2025 Filed May 23, 2025 00:06 UTC
Zatlyn MichelleDirector · President and Board Co-Chair
ConversionClass A Common Stock 5,128 Not disclosed Not disclosed
Disclosure

SEC source: 0001104659-25-052112 · tm2515905-1_4seq1.xml · nonDerivative · entry 5

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

10b5-1 filing: Plan reported

Ownership: Indirect · See footnote

Disclosed balance after: 24,743

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.

F7 · ownership.nature: The shares are held of record by The SZ 2021 Irrevocable Trust dated November 6, 2021, for which the reporting person serves as the appointer.

Read SEC document
May 20, 2025 Filed May 23, 2025 00:06 UTC
Zatlyn MichelleDirector · President and Board Co-Chair
SaleClass A Common Stock 1,277 $157.53 $201,159.68
Disclosure

SEC source: 0001104659-25-052112 · tm2515905-1_4seq1.xml · nonDerivative · entry 4

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

10b5-1 filing: Plan reported

Ownership: Indirect · See footnote

Disclosed balance after: 6,390

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 November 27, 2023.

F6 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $157.44 to $157.81, 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
May 20, 2025 Filed May 23, 2025 00:06 UTC
Zatlyn MichelleDirector · President and Board Co-Chair
SaleClass A Common Stock 26,200 $156.85 $4,109,566.94
Disclosure

SEC source: 0001104659-25-052112 · tm2515905-1_4seq1.xml · nonDerivative · entry 3

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

10b5-1 filing: Plan reported

Ownership: Indirect · See footnote

Disclosed balance after: 7,667

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 November 27, 2023.

F5 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $156.435 to $157.43, 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
May 20, 2025 Filed May 23, 2025 00:06 UTC
Zatlyn MichelleDirector · President and Board Co-Chair
SaleClass A Common Stock 2,493 $156.17 $389,324.33
Disclosure

SEC source: 0001104659-25-052112 · tm2515905-1_4seq1.xml · nonDerivative · entry 2

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

10b5-1 filing: Plan reported

Ownership: Indirect · See footnote

Disclosed balance after: 33,867

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 November 27, 2023.

F4 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $155.43 to $156.425, 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 (4) through (6) and (8) through (12) to this Form 4.

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
May 20, 2025 Filed May 23, 2025 00:06 UTC
Zatlyn MichelleDirector · President and Board Co-Chair
ConversionClass A Common Stock 20,512 Not disclosed Not disclosed
Disclosure

SEC source: 0001104659-25-052112 · tm2515905-1_4seq1.xml · nonDerivative · entry 1

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

10b5-1 filing: Plan reported

Ownership: Indirect · See footnote

Disclosed balance after: 36,360

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

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