PTON

SEC source: 0001639825-24-000099 · wk-form4_1719951124.xml · nonDerivative · entry 1

Boone Karen · CIK 0001561290 · Director · Interim Co-CEO and President

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 131,012

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 Restricted Stock Unit ("RSU") represents a contingent right to receive one share of the Issuer's Class A Common Stock.

SEC source: 0001639825-24-000097 · wk-form4_1718656429.xml · nonDerivative · entry 2

Coddington Elizabeth F · CIK 0001932433 · Chief Financial Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 186,466

F2 · kind: The sale of shares is for the sole purpose of covering the Reporting Person's tax liability with respect to the settlement of RSUs.

F3 · price: The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $3.6702 to $3.6850 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

SEC source: 0001639825-24-000097 · wk-form4_1718656429.xml · derivative · entry 3

Coddington Elizabeth F · CIK 0001932433 · Chief Financial Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 174,554

Underlying: Class A Common Stock · 21,819 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 Restricted Stock Unit ("RSU") represents a contingent right to receive one (1) share of the issuer's Class A common stock upon settlement for no consideration.

F4 · derivative.exercise_date: The RSU vests as to 25% of the total shares on June 13, 2023, then 6.25% of the total shares vest quarterly with 100% of the total shares vested on June 13, 2026, subject to the reporting person's provision of service to the issuer on each vesting date.

F4 · derivative.expiration_date: The RSU vests as to 25% of the total shares on June 13, 2023, then 6.25% of the total shares vest quarterly with 100% of the total shares vested on June 13, 2026, subject to the reporting person's provision of service to the issuer on each vesting date.

SEC source: 0001639825-24-000097 · wk-form4_1718656429.xml · nonDerivative · entry 1

Coddington Elizabeth F · CIK 0001932433 · Chief Financial Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 195,389

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 Restricted Stock Unit ("RSU") represents a contingent right to receive one (1) share of the issuer's Class A common stock upon settlement for no consideration.

SEC source: 0001062993-24-012380 · form4.xml · derivative · entry 4

Hoag Jay C · CIK 0001082906 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 9,677

Underlying: Class A Common Stock · 4,839 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 Restricted Stock Unit ("RSU") represents a contingent right to receive one (1) share of the issuer's Class A common stock upon settlement for no consideration.

F4 · derivative.exercise_date: Grant of RSUs pursuant to the issuer's non-employee director compensation program following the May 2, 2024 appointment as Chairperson of the Board of Directors, which has been pro-rated for the time period from the effective date of the appointment to the date of the Company's 2024 annual meeting of stockholders. The RSUs vest as to 33.3% of the total shares on each of June 7, 2024, September 7, 2024 and the earlier of (i) December 7, 2024 and (ii) the 2024 annual stockholders meeting, subject to the reporting person's provision of service to the issuer on each vesting date.

F4 · derivative.expiration_date: Grant of RSUs pursuant to the issuer's non-employee director compensation program following the May 2, 2024 appointment as Chairperson of the Board of Directors, which has been pro-rated for the time period from the effective date of the appointment to the date of the Company's 2024 annual meeting of stockholders. The RSUs vest as to 33.3% of the total shares on each of June 7, 2024, September 7, 2024 and the earlier of (i) December 7, 2024 and (ii) the 2024 annual stockholders meeting, subject to the reporting person's provision of service to the issuer on each vesting date.

F3 · ownership.direct: Jay C. Hoag has sole voting and dispositive power over the options, RSUs, and shares he holds directly. However, TCV IX Management, L.L.C. and TCV X Management, L.L.C., collectively, have a right to 100% of the pecuniary interest in such securities. Jay C. Hoag is a member of TCV IX Management, L.L.C. and TCV X Management, L.L.C. Mr. Hoag disclaims beneficial ownership of such options, RSUs and the shares to be received upon the exercise of such options or vesting of such RSUs except to the extent of his pecuniary interest therein.

SEC source: 0001062993-24-012380 · form4.xml · derivative · entry 3

Hoag Jay C · CIK 0001082906 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 29,825

Underlying: Class A Common Stock · 14,912 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 Restricted Stock Unit ("RSU") represents a contingent right to receive one (1) share of the issuer's Class A common stock upon settlement for no consideration.

F2 · derivative.exercise_date: The RSUs vest as to 25% of the total shares quarterly on each of March 7, 2024, June 7, 2024 and September 7, 2024, with the final 25% vesting on the earlier of (i) December 7, 2024 and (ii) the 2024 annual stockholders meeting, subject to the reporting person's provision of service to the issuer on each vesting date.

F2 · derivative.expiration_date: The RSUs vest as to 25% of the total shares quarterly on each of March 7, 2024, June 7, 2024 and September 7, 2024, with the final 25% vesting on the earlier of (i) December 7, 2024 and (ii) the 2024 annual stockholders meeting, subject to the reporting person's provision of service to the issuer on each vesting date.

F3 · ownership.direct: Jay C. Hoag has sole voting and dispositive power over the options, RSUs, and shares he holds directly. However, TCV IX Management, L.L.C. and TCV X Management, L.L.C., collectively, have a right to 100% of the pecuniary interest in such securities. Jay C. Hoag is a member of TCV IX Management, L.L.C. and TCV X Management, L.L.C. Mr. Hoag disclaims beneficial ownership of such options, RSUs and the shares to be received upon the exercise of such options or vesting of such RSUs except to the extent of his pecuniary interest therein.

SEC source: 0001062993-24-012380 · form4.xml · nonDerivative · entry 2

Hoag Jay C · CIK 0001082906 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 64,577

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 Restricted Stock Unit ("RSU") represents a contingent right to receive one (1) share of the issuer's Class A common stock upon settlement for no consideration.

F3 · ownership.direct: Jay C. Hoag has sole voting and dispositive power over the options, RSUs, and shares he holds directly. However, TCV IX Management, L.L.C. and TCV X Management, L.L.C., collectively, have a right to 100% of the pecuniary interest in such securities. Jay C. Hoag is a member of TCV IX Management, L.L.C. and TCV X Management, L.L.C. Mr. Hoag disclaims beneficial ownership of such options, RSUs and the shares to be received upon the exercise of such options or vesting of such RSUs except to the extent of his pecuniary interest therein.

SEC source: 0001062993-24-012380 · form4.xml · nonDerivative · entry 1

Hoag Jay C · CIK 0001082906 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 59,738

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 Restricted Stock Unit ("RSU") represents a contingent right to receive one (1) share of the issuer's Class A common stock upon settlement for no consideration.

F3 · ownership.direct: Jay C. Hoag has sole voting and dispositive power over the options, RSUs, and shares he holds directly. However, TCV IX Management, L.L.C. and TCV X Management, L.L.C., collectively, have a right to 100% of the pecuniary interest in such securities. Jay C. Hoag is a member of TCV IX Management, L.L.C. and TCV X Management, L.L.C. Mr. Hoag disclaims beneficial ownership of such options, RSUs and the shares to be received upon the exercise of such options or vesting of such RSUs except to the extent of his pecuniary interest therein.

SEC source: 0001639825-24-000092 · wk-form4_1718138066.xml · derivative · entry 3

CALLAGHAN JON · CIK 0001642681 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 28,509

Underlying: Class A Common Stock · 14,254 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 Restricted Stock Unit ("RSU") represents a contingent right to receive one share of the Issuer's Class A Common Stock.

F3 · derivative.exercise_date: The RSUs vest as to 25% of the total shares quarterly on each of March 7, 2024, June 7, 2024 and September 7, 2024, with the final 25% vesting on the earlier of (i) December 7, 2024 and (ii) the 2024 annual stockholders meeting, subject to the reporting person's provision of service to the issuer on each vesting date.

F3 · derivative.expiration_date: The RSUs vest as to 25% of the total shares quarterly on each of March 7, 2024, June 7, 2024 and September 7, 2024, with the final 25% vesting on the earlier of (i) December 7, 2024 and (ii) the 2024 annual stockholders meeting, subject to the reporting person's provision of service to the issuer on each vesting date.

SEC source: 0001639825-24-000092 · wk-form4_1718138066.xml · nonDerivative · entry 1

CALLAGHAN JON · CIK 0001642681 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 57,579

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 Restricted Stock Unit ("RSU") represents a contingent right to receive one share of the Issuer's Class A Common Stock.

SEC source: 0001639825-24-000091 · wk-form4_1718138055.xml · derivative · entry 4

MENDEZ ANGEL L · CIK 0001266620 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 1,613

Underlying: Class A Common Stock · 807 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 Restricted Stock Unit ("RSU") represents a contingent right to receive one share of the Issuer's Class A Common Stock.

F3 · derivative.exercise_date: Grant of RSUs pursuant to the issuer's non-employee director compensation program following the May 2, 2024 appointment as Chair of the Audit Committee of the Board of Directors, which has been prorated for the time period from the effective date of the appointment to the date of the Company's 2024 annual meeting of stockholders. The RSUs vest as to 33.3% of the total shares on each of June 7, 2024, September 7, 2024 and the earlier of (i) December 7, 2024 and (ii) the 2024 annual stockholders meeting, subject to the reporting person's provision of service to the issuer on each vesting date.

F3 · derivative.expiration_date: Grant of RSUs pursuant to the issuer's non-employee director compensation program following the May 2, 2024 appointment as Chair of the Audit Committee of the Board of Directors, which has been prorated for the time period from the effective date of the appointment to the date of the Company's 2024 annual meeting of stockholders. The RSUs vest as to 33.3% of the total shares on each of June 7, 2024, September 7, 2024 and the earlier of (i) December 7, 2024 and (ii) the 2024 annual stockholders meeting, subject to the reporting person's provision of service to the issuer on each vesting date.

SEC source: 0001639825-24-000091 · wk-form4_1718138055.xml · derivative · entry 3

MENDEZ ANGEL L · CIK 0001266620 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 28,509

Underlying: Class A Common Stock · 14,254 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 Restricted Stock Unit ("RSU") represents a contingent right to receive one share of the Issuer's Class A Common Stock.

F2 · derivative.exercise_date: The RSUs vest as to 25% of the total shares quarterly on each of March 7, 2024, June 7, 2024 and September 7, 2024, with the final 25% vesting on the earlier of (i) December 7, 2024 and (ii) the 2024 annual stockholders meeting, subject to the reporting person's provision of service to the issuer on each vesting date.

F2 · derivative.expiration_date: The RSUs vest as to 25% of the total shares quarterly on each of March 7, 2024, June 7, 2024 and September 7, 2024, with the final 25% vesting on the earlier of (i) December 7, 2024 and (ii) the 2024 annual stockholders meeting, subject to the reporting person's provision of service to the issuer on each vesting date.

SEC source: 0001639825-24-000091 · wk-form4_1718138055.xml · nonDerivative · entry 2

MENDEZ ANGEL L · CIK 0001266620 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 58,386

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 Restricted Stock Unit ("RSU") represents a contingent right to receive one share of the Issuer's Class A Common Stock.

SEC source: 0001639825-24-000091 · wk-form4_1718138055.xml · nonDerivative · entry 1

MENDEZ ANGEL L · CIK 0001266620 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 57,579

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 Restricted Stock Unit ("RSU") represents a contingent right to receive one share of the Issuer's Class A Common Stock.

SEC source: 0001639825-24-000093 · wk-form4_1718138077.xml · derivative · entry 2

Thomas-Graham Pamela · CIK 0001327431 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 29,825

Underlying: Class A Common Stock · 14,912 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 Restricted Stock Unit ("RSU") represents a contingent right to receive one share of the Issuer's Class A Common Stock.

F2 · derivative.exercise_date: The RSUs vest as to 25% of the total shares quarterly on each of March 7, 2024, June 7, 2024 and September 7, 2024, with the final 25% vesting on the earlier of (i) December 7, 2024 and (ii) the 2024 annual stockholders meeting, subject to the reporting person's provision of service to the issuer on each vesting date.

F2 · derivative.expiration_date: The RSUs vest as to 25% of the total shares quarterly on each of March 7, 2024, June 7, 2024 and September 7, 2024, with the final 25% vesting on the earlier of (i) December 7, 2024 and (ii) the 2024 annual stockholders meeting, subject to the reporting person's provision of service to the issuer on each vesting date.

SEC source: 0001639825-24-000093 · wk-form4_1718138077.xml · nonDerivative · entry 1

Thomas-Graham Pamela · CIK 0001327431 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 62,436

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 Restricted Stock Unit ("RSU") represents a contingent right to receive one share of the Issuer's Class A Common Stock.

SEC source: 0001639825-24-000095 · wk-form4_1718138100.xml · derivative · entry 2

Bruzzo Chris · CIK 0001525336 · Director · Interim Co-CEO and President

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 26,369

Underlying: Class A Common Stock · 7,882 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 Restricted Stock Unit ("RSU") represents a contingent right to receive one share of the Issuer's Class A Common Stock.

F2 · derivative.exercise_date: Represents vested RSUs for, and prorated based on, the reporting person's service as a non-employee director through May 2, 2024. On December 7, 2023, 52,738 RSUs were granted pursuant to the issuer's non-employee director compensation program, which were scheduled to vest as to 25% of the total shares quarterly on each of March 7, 2024, June 7, 2024 and September 7, 2024, with the final 25% vesting on the earlier of (i) December 7, 2024 and (ii) the 2024 annual stockholders meeting. On May 2, 2024, in connection with the reporting person's appointment as Interim Co-Chief Executive Officer and Co-President, the reporting person ceased serving as a non-employee director of the Board of Directors and agreed to forfeit any non-employee director awards during his service as an officer of the Issuer.

F2 · derivative.expiration_date: Represents vested RSUs for, and prorated based on, the reporting person's service as a non-employee director through May 2, 2024. On December 7, 2023, 52,738 RSUs were granted pursuant to the issuer's non-employee director compensation program, which were scheduled to vest as to 25% of the total shares quarterly on each of March 7, 2024, June 7, 2024 and September 7, 2024, with the final 25% vesting on the earlier of (i) December 7, 2024 and (ii) the 2024 annual stockholders meeting. On May 2, 2024, in connection with the reporting person's appointment as Interim Co-Chief Executive Officer and Co-President, the reporting person ceased serving as a non-employee director of the Board of Directors and agreed to forfeit any non-employee director awards during his service as an officer of the Issuer.

SEC source: 0001639825-24-000095 · wk-form4_1718138100.xml · nonDerivative · entry 1

Bruzzo Chris · CIK 0001525336 · Director · Interim Co-CEO and President

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 46,562

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 Restricted Stock Unit ("RSU") represents a contingent right to receive one share of the Issuer's Class A Common Stock.

SEC source: 0001639825-24-000094 · wk-form4_1718138088.xml · derivative · entry 2

Boone Karen · CIK 0001561290 · Director · Interim Co-CEO and President

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 37,720

Underlying: Class A Common Stock · 11,275 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 Restricted Stock Unit ("RSU") represents a contingent right to receive one share of the Issuer's Class A Common Stock.

F2 · derivative.exercise_date: Represents vested RSUs for, and prorated based on, the reporting person's service as a non-employee director through May 2, 2024. On December 7, 2023, 75,440 RSUs were granted pursuant to the issuer's non-employee director compensation program, which were scheduled to vest as to 25% of the total shares quarterly on each of March 7, 2024, June 7, 2024 and September 7, 2024, with the final 25% vesting on the earlier of (i) December 7, 2024 and (ii) the 2024 annual stockholders meeting. On May 2, 2024, in connection with the reporting person's appointment as Interim Co-Chief Executive Officer and Co-President, the reporting person ceased serving as a non-employee director of the Board of Directors and agreed to forfeit any non-employee director awards during her service as an officer of the Issuer.

F2 · derivative.expiration_date: Represents vested RSUs for, and prorated based on, the reporting person's service as a non-employee director through May 2, 2024. On December 7, 2023, 75,440 RSUs were granted pursuant to the issuer's non-employee director compensation program, which were scheduled to vest as to 25% of the total shares quarterly on each of March 7, 2024, June 7, 2024 and September 7, 2024, with the final 25% vesting on the earlier of (i) December 7, 2024 and (ii) the 2024 annual stockholders meeting. On May 2, 2024, in connection with the reporting person's appointment as Interim Co-Chief Executive Officer and Co-President, the reporting person ceased serving as a non-employee director of the Board of Directors and agreed to forfeit any non-employee director awards during her service as an officer of the Issuer.

SEC source: 0001639825-24-000094 · wk-form4_1718138088.xml · nonDerivative · entry 1

Boone Karen · CIK 0001561290 · Director · Interim Co-CEO and President

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 90,580

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 Restricted Stock Unit ("RSU") represents a contingent right to receive one share of the Issuer's Class A Common Stock.

SEC source: 0001639825-24-000085 · wk-form4_1717546350.xml · nonDerivative · entry 2

Bruzzo Chris · CIK 0001525336 · Director · Interim Co-CEO and President

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 38,680

F2 · kind: The sale of shares is for the sole purpose of covering the Reporting Person's tax liability with respect to the settlement of RSUs.

F3 · price: The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $3.6215 to $3.6409 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

SEC source: 0001639825-24-000084 · wk-form4_1717546339.xml · nonDerivative · entry 2

Boone Karen · CIK 0001561290 · Director · Interim Co-CEO and President

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 79,305

F2 · kind: The sale of shares is for the sole purpose of covering the Reporting Person's tax liability with respect to the settlement of RSUs.

F3 · price: The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $3.6202 to $3.6350 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

SEC source: 0001639825-24-000085 · wk-form4_1717546350.xml · derivative · entry 3

Bruzzo Chris · CIK 0001525336 · Director · Interim Co-CEO and President

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 80,863

Underlying: Class A Common Stock · 40,431 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 Restricted Stock Unit ("RSU") represents a contingent right to receive one share of the Issuer's Class A Common Stock.

F4 · derivative.exercise_date: In connection with the reporting person's May 2, 2024 appointment as Interim Co-Chief Executive Officer and Co-President, grant of RSUs vesting as to 33.3% of the total shares on each of May 31, 2024, June 30, 2024 and July 31, 2024, subject to the reporting person's provision of service to the issuer on each vesting date.

F4 · derivative.expiration_date: In connection with the reporting person's May 2, 2024 appointment as Interim Co-Chief Executive Officer and Co-President, grant of RSUs vesting as to 33.3% of the total shares on each of May 31, 2024, June 30, 2024 and July 31, 2024, subject to the reporting person's provision of service to the issuer on each vesting date.

SEC source: 0001639825-24-000085 · wk-form4_1717546350.xml · nonDerivative · entry 1

Bruzzo Chris · CIK 0001525336 · Director · Interim Co-CEO and President

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 53,616

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 Restricted Stock Unit ("RSU") represents a contingent right to receive one share of the Issuer's Class A Common Stock.

SEC source: 0001639825-24-000084 · wk-form4_1717546339.xml · derivative · entry 3

Boone Karen · CIK 0001561290 · Director · Interim Co-CEO and President

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 80,863

Underlying: Class A Common Stock · 40,431 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 Restricted Stock Unit ("RSU") represents a contingent right to receive one share of the Issuer's Class A Common Stock.

F4 · derivative.exercise_date: In connection with the reporting person's May 2, 2024 appointment as Interim Co-Chief Executive Officer and Co-President, grant of RSUs vesting as to 33.3% of the total shares on each of May 31, 2024, June 30, 2024 and July 31, 2024, subject to the reporting person's provision of service to the issuer on each vesting date.

F4 · derivative.expiration_date: In connection with the reporting person's May 2, 2024 appointment as Interim Co-Chief Executive Officer and Co-President, grant of RSUs vesting as to 33.3% of the total shares on each of May 31, 2024, June 30, 2024 and July 31, 2024, subject to the reporting person's provision of service to the issuer on each vesting date.

SEC source: 0001639825-24-000084 · wk-form4_1717546339.xml · nonDerivative · entry 1

Boone Karen · CIK 0001561290 · Director · Interim Co-CEO and President

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 94,258

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 Restricted Stock Unit ("RSU") represents a contingent right to receive one share of the Issuer's Class A Common Stock.

SEC source: 0001639825-24-000072 · wk-form4_1716410131.xml · nonDerivative · entry 1

Cotter Jennifer Cunningham · CIK 0001946761 · Chief Content Officer

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 70,855

F1 · kind: The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on December 7, 2023.

SEC source: 0001639825-24-000073 · wk-form4_1716410159.xml · nonDerivative · entry 1

RENDICH ANDREW S · CIK 0001463810 · Chief Supply Chain Officer

10b5-1 filing: Plan reported

Ownership: Direct

Disclosed balance after: 113,288

F1 · kind: The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on November 27, 2023.

F2 · price: The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $3.7800 to $3.9900 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

SEC source: 0001062993-24-010699 · form4.xml · derivative · entry 1

Hoag Jay C · CIK 0001082906 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 14,516

Underlying: Class A Common Stock · 14,516 shares

Expires not disclosed

F1 · derivative.exercise_price: Each Restricted Stock Unit ("RSU") represents a contingent right to receive one (1) share of the issuer's Class A common stock upon settlement for no consideration.

F2 · derivative.exercise_date: Grant of RSUs pursuant to the issuer's non-employee director compensation program following the May 2, 2024 appointment as Chairperson of the Board of Directors, which has been prorated for the time period from the effective date of the appointment to the date of the Company's 2024 annual meeting of stockholders. The RSUs vest as to 33.3% of the total shares on each of June 7, 2024, September 7, 2024 and the earlier of (i) December 7, 2024 and (ii) the 2024 annual stockholders meeting, subject to the reporting person's provision of service to the issuer on each vesting date.

F2 · derivative.expiration_date: Grant of RSUs pursuant to the issuer's non-employee director compensation program following the May 2, 2024 appointment as Chairperson of the Board of Directors, which has been prorated for the time period from the effective date of the appointment to the date of the Company's 2024 annual meeting of stockholders. The RSUs vest as to 33.3% of the total shares on each of June 7, 2024, September 7, 2024 and the earlier of (i) December 7, 2024 and (ii) the 2024 annual stockholders meeting, subject to the reporting person's provision of service to the issuer on each vesting date.

F3 · ownership.direct: Jay C. Hoag has sole voting and dispositive power over the options, RSUs, and shares he holds directly. However, TCV IX Management, L.L.C. and TCV X Management, L.L.C., collectively, have a right to 100% of the pecuniary interest in such securities. Jay C. Hoag is a member of TCV IX Management, L.L.C. and TCV X Management, L.L.C. Mr. Hoag disclaims beneficial ownership of such options, RSUs and the shares to be received upon the exercise of such options or vesting of such RSUs except to the extent of his pecuniary interest therein.

SEC source: 0001639825-24-000068 · wk-form4_1715977174.xml · nonDerivative · entry 7

Cotter Jennifer Cunningham · CIK 0001946761 · Chief Content Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 128,208

F2 · kind: The sale of shares is for the sole purpose of covering the Reporting Person's tax liability with respect to the settlement of RSUs.

F3 · price: The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $3.8712 to $3.9150 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

SEC source: 0001639825-24-000071 · wk-form4_1715977271.xml · nonDerivative · entry 6

RENDICH ANDREW S · CIK 0001463810 · Chief Supply Chain Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 141,029

F2 · kind: The sale of shares is for the sole purpose of covering the Reporting Person's tax liability with respect to the settlement of RSUs.

F3 · price: The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $3.8200 to $3.85 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

SEC source: 0001639825-24-000059 · wk-form4_1715976835.xml · derivative · entry 1

MENDEZ ANGEL L · CIK 0001266620 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 2,420

Underlying: Class A Common Stock · 2,420 shares

Expires not disclosed

F1 · derivative.exercise_price: Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of the Issuer's Class A Common Stock.

F2 · derivative.exercise_date: Grant of RSUs pursuant to the issuer's non-employee director compensation program following the May 2, 2024 appointment as Chair of the Audit Committee of the Board of Directors, which has been prorated for the time period from the effective date of the appointment to the date of the Company's 2024 annual meeting of stockholders. The RSUs vest as to 33.3% of the total shares on each of June 7, 2024, September 7, 2024 and the earlier of (i) December 7, 2024 and (ii) the 2024 annual stockholders meeting, subject to the reporting person's provision of service to the issuer on each vesting date.

F2 · derivative.expiration_date: Grant of RSUs pursuant to the issuer's non-employee director compensation program following the May 2, 2024 appointment as Chair of the Audit Committee of the Board of Directors, which has been prorated for the time period from the effective date of the appointment to the date of the Company's 2024 annual meeting of stockholders. The RSUs vest as to 33.3% of the total shares on each of June 7, 2024, September 7, 2024 and the earlier of (i) December 7, 2024 and (ii) the 2024 annual stockholders meeting, subject to the reporting person's provision of service to the issuer on each vesting date.

SEC source: 0001639825-24-000066 · wk-form4_1715977105.xml · derivative · entry 1

Bruzzo Chris · CIK 0001525336 · Director · Interim Co-CEO and President

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 121,294

Underlying: Class A Common Stock · 121,294 shares

Expires not disclosed

F1 · derivative.exercise_price: Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of the Issuer's Class A Common Stock.

F2 · derivative.exercise_date: In connection with the reporting person's May 2, 2024 appointment as Interim Co-Chief Executive Officer and Co-President, grant of RSUs vesting as to 33.3% of the total shares on each of May 31, 2024, June 30, 2024 and July 31, 2024, subject to the reporting person's provision of service to the issuer on each vesting date.

F2 · derivative.expiration_date: In connection with the reporting person's May 2, 2024 appointment as Interim Co-Chief Executive Officer and Co-President, grant of RSUs vesting as to 33.3% of the total shares on each of May 31, 2024, June 30, 2024 and July 31, 2024, subject to the reporting person's provision of service to the issuer on each vesting date.

SEC source: 0001639825-24-000070 · wk-form4_1715977236.xml · derivative · entry 1

Boone Karen · CIK 0001561290 · Director · Interim Co-CEO and President

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 121,294

Underlying: Class A Common Stock · 121,294 shares

Expires not disclosed

F1 · derivative.exercise_price: Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of the Issuer's Class A Common Stock.

F2 · derivative.exercise_date: In connection with the reporting person's May 2, 2024 appointment as Interim Co-Chief Executive Officer and Co-President, grant of RSUs vesting as to 33.3% of the total shares on each of May 31, 2024, June 30, 2024 and July 31, 2024, subject to the reporting person's provision of service to the issuer on each vesting date.

F2 · derivative.expiration_date: In connection with the reporting person's May 2, 2024 appointment as Interim Co-Chief Executive Officer and Co-President, grant of RSUs vesting as to 33.3% of the total shares on each of May 31, 2024, June 30, 2024 and July 31, 2024, subject to the reporting person's provision of service to the issuer on each vesting date.

SEC source: 0001639825-24-000069 · wk-form4_1715977202.xml · nonDerivative · entry 4

Baig Saqib · CIK 0001954584 · Chief Accounting Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 113,226.47

F2 · kind: The sale of shares is for the sole purpose of covering the Reporting Person's tax liability with respect to the settlement of RSUs.

F3 · price: The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $3.8414 to $3.8860 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

SEC source: 0001639825-24-000067 · wk-form4_1715977137.xml · nonDerivative · entry 3

Coddington Elizabeth F · CIK 0001932433 · Chief Financial Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 173,570

F2 · kind: The sale of shares is for the sole purpose of covering the Reporting Person's tax liability with respect to the settlement of RSUs.

F3 · price: The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $3.9500 to $3.955 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

SEC source: 0001639825-24-000068 · wk-form4_1715977174.xml · derivative · entry 13

Cotter Jennifer Cunningham · CIK 0001946761 · Chief Content Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 927,198

Underlying: Class A Common Stock · 61,813 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 Restricted Stock Unit ("RSU") represents a contingent right to receive one (1) share of the issuer's Class A common stock upon settlement for no consideration.

F9 · derivative.exercise_date: The RSUs vest as to 6.25% of the total shares quarterly, commencing May 15, 2024, with 100% of the total shares vested on February 15, 2028, subject to the reporting person's provision of service to the issuer on each vesting date.

F9 · derivative.expiration_date: The RSUs vest as to 6.25% of the total shares quarterly, commencing May 15, 2024, with 100% of the total shares vested on February 15, 2028, subject to the reporting person's provision of service to the issuer on each vesting date.

SEC source: 0001639825-24-000068 · wk-form4_1715977174.xml · derivative · entry 12

Cotter Jennifer Cunningham · CIK 0001946761 · Chief Content Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 585,000

Underlying: Class A Common Stock · 45,000 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 Restricted Stock Unit ("RSU") represents a contingent right to receive one (1) share of the issuer's Class A common stock upon settlement for no consideration.

F8 · derivative.exercise_date: The RSUs vest as to 6.25% of the total shares quarterly, commencing November 15, 2023, with 100% of the total shares vested on August 15, 2027, subject to the reporting person's provision of service to the issuer on each vesting date.

F8 · derivative.expiration_date: The RSUs vest as to 6.25% of the total shares quarterly, commencing November 15, 2023, with 100% of the total shares vested on August 15, 2027, subject to the reporting person's provision of service to the issuer on each vesting date.

SEC source: 0001639825-24-000068 · wk-form4_1715977174.xml · derivative · entry 11

Cotter Jennifer Cunningham · CIK 0001946761 · Chief Content Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 162,981

Underlying: Class A Common Stock · 14,817 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 Restricted Stock Unit ("RSU") represents a contingent right to receive one (1) share of the issuer's Class A common stock upon settlement for no consideration.

F7 · derivative.exercise_date: The RSUs vest as to 6.25% of the total shares quarterly, commencing May 15, 2023, with 100% of the total shares vested on February 15, 2027, subject to the reporting person's provision of service to the issuer on each vesting date.

F7 · derivative.expiration_date: The RSUs vest as to 6.25% of the total shares quarterly, commencing May 15, 2023, with 100% of the total shares vested on February 15, 2027, subject to the reporting person's provision of service to the issuer on each vesting date.

SEC source: 0001639825-24-000068 · wk-form4_1715977174.xml · derivative · entry 10

Cotter Jennifer Cunningham · CIK 0001946761 · Chief Content Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 267,754

Underlying: Class A Common Stock · 29,751 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 Restricted Stock Unit ("RSU") represents a contingent right to receive one (1) share of the issuer's Class A common stock upon settlement for no consideration.

F6 · derivative.exercise_date: The RSUs vest as to 6.25% of the total shares quarterly, commencing November 15, 2022, with 100% of the total shares vested on August 15, 2026, subject to the reporting person's provision of service to the issuer on each vesting date.

F6 · derivative.expiration_date: The RSUs vest as to 6.25% of the total shares quarterly, commencing November 15, 2022, with 100% of the total shares vested on August 15, 2026, subject to the reporting person's provision of service to the issuer on each vesting date.

SEC source: 0001639825-24-000068 · wk-form4_1715977174.xml · derivative · entry 9

Cotter Jennifer Cunningham · CIK 0001946761 · Chief Content Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 64,510

Underlying: Class A Common Stock · 9,214 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 Restricted Stock Unit ("RSU") represents a contingent right to receive one (1) share of the issuer's Class A common stock upon settlement for no consideration.

F5 · derivative.exercise_date: The RSUs vest as to 6.25% of the total shares quarterly, commencing May 15, 2022, with 100% of the total shares vested on February 15, 2026, subject to the reporting person's provision of service to the issuer on each vesting date.

F5 · derivative.expiration_date: The RSUs vest as to 6.25% of the total shares quarterly, commencing May 15, 2022, with 100% of the total shares vested on February 15, 2026, subject to the reporting person's provision of service to the issuer on each vesting date.

SEC source: 0001639825-24-000068 · wk-form4_1715977174.xml · derivative · entry 8

Cotter Jennifer Cunningham · CIK 0001946761 · Chief Content Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 4,326

Underlying: Class A Common Stock · 865 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 Restricted Stock Unit ("RSU") represents a contingent right to receive one (1) share of the issuer's Class A common stock upon settlement for no consideration.

F4 · derivative.exercise_date: The RSUs vest as to 6.25% of the total shares quarterly, commencing November 15, 2021, with 100% of the total shares vested on August 15, 2025, subject to the reporting person's provision of service to the issuer on each vesting date.

F4 · derivative.expiration_date: The RSUs vest as to 6.25% of the total shares quarterly, commencing November 15, 2021, with 100% of the total shares vested on August 15, 2025, subject to the reporting person's provision of service to the issuer on each vesting date.

SEC source: 0001639825-24-000068 · wk-form4_1715977174.xml · nonDerivative · entry 6

Cotter Jennifer Cunningham · CIK 0001946761 · Chief Content Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 193,823

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 Restricted Stock Unit ("RSU") represents a contingent right to receive one (1) share of the issuer's Class A common stock upon settlement for no consideration.

SEC source: 0001639825-24-000068 · wk-form4_1715977174.xml · nonDerivative · entry 5

Cotter Jennifer Cunningham · CIK 0001946761 · Chief Content Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 132,010

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 Restricted Stock Unit ("RSU") represents a contingent right to receive one (1) share of the issuer's Class A common stock upon settlement for no consideration.

SEC source: 0001639825-24-000068 · wk-form4_1715977174.xml · nonDerivative · entry 4

Cotter Jennifer Cunningham · CIK 0001946761 · Chief Content Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 87,010

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 Restricted Stock Unit ("RSU") represents a contingent right to receive one (1) share of the issuer's Class A common stock upon settlement for no consideration.

SEC source: 0001639825-24-000068 · wk-form4_1715977174.xml · nonDerivative · entry 3

Cotter Jennifer Cunningham · CIK 0001946761 · Chief Content Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 72,193

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 Restricted Stock Unit ("RSU") represents a contingent right to receive one (1) share of the issuer's Class A common stock upon settlement for no consideration.

SEC source: 0001639825-24-000068 · wk-form4_1715977174.xml · nonDerivative · entry 2

Cotter Jennifer Cunningham · CIK 0001946761 · Chief Content Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 42,442

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 Restricted Stock Unit ("RSU") represents a contingent right to receive one (1) share of the issuer's Class A common stock upon settlement for no consideration.

SEC source: 0001639825-24-000068 · wk-form4_1715977174.xml · nonDerivative · entry 1

Cotter Jennifer Cunningham · CIK 0001946761 · Chief Content Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 33,228

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 Restricted Stock Unit ("RSU") represents a contingent right to receive one (1) share of the issuer's Class A common stock upon settlement for no consideration.

SEC source: 0001639825-24-000071 · wk-form4_1715977271.xml · derivative · entry 11

RENDICH ANDREW S · CIK 0001463810 · Chief Supply Chain Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 927,198

Underlying: Class A Common Stock · 61,813 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 Restricted Stock Unit ("RSU") represents a contingent right to receive one (1) share of the issuer's Class A common stock upon settlement for no consideration.

F8 · derivative.exercise_date: The RSUs vest as to 6.25% of the total shares quarterly, commencing May 15, 2024, with 100% of the total shares vested on February 15, 2028, subject to the reporting person's provision of service to the issuer on each vesting date.

F8 · derivative.expiration_date: The RSUs vest as to 6.25% of the total shares quarterly, commencing May 15, 2024, with 100% of the total shares vested on February 15, 2028, subject to the reporting person's provision of service to the issuer on each vesting date.

SEC source: 0001639825-24-000071 · wk-form4_1715977271.xml · derivative · entry 10

RENDICH ANDREW S · CIK 0001463810 · Chief Supply Chain Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 585,000

Underlying: Class A Common Stock · 45,000 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 Restricted Stock Unit ("RSU") represents a contingent right to receive one (1) share of the issuer's Class A common stock upon settlement for no consideration.

F7 · derivative.exercise_date: The RSUs vest as to 6.25% of the total shares quarterly, commencing November 15, 2023, with 100% of the total shares vested on August 15, 2027, subject to the reporting person's provision of service to the issuer on each vesting date.

F7 · derivative.expiration_date: The RSUs vest as to 6.25% of the total shares quarterly, commencing November 15, 2023, with 100% of the total shares vested on August 15, 2027, subject to the reporting person's provision of service to the issuer on each vesting date.