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RENT

Rent the Runway, Inc.

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Tapewire entity
6650
SEC CIK
0001468327
Parsed reports
340

Last 12 months

Inside the activity.

0 purchase rows · 4 sale rows

Disclosed non-derivative P/S rows, by transaction month. Includes amendments and private transactions.
Monthly counts
MonthPurchasesSales
Nov 202500
Dec 202500
Jan 202600
Feb 202600
Mar 202600
Apr 202600
May 202600
Jun 202600
Jul 202601
Aug 202600
Sep 202603
Oct 202600

Latest available

Insider transactions

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Purchases/sales include open-market and private transactions. Plan disclosure applies to the filing; individual rows may differ. “Not disclosed” is not “unplanned.”

The cutoff filters transaction history only. Company summaries and owner relationships show the latest available disclosures. Parser corrections can improve historical records.

Transaction dateOwner / reported roleActivity / securityShares / unitsReported priceReported valueDetails
October 29, 2021 Filed Nov 3, 2021 01:01 UTC OtherClass A Common Stock 517,562 Not disclosed Not disclosed
Disclosure

SEC source: 0000899243-21-042552 · doc4.xml · nonDerivative · entry 3

KAPLAN BETH J · CIK 0001247154 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 517,562

F2 · kind: Immediately prior to the completion of the Issuer's initial public offering, each share of Common Stock was reclassified into one share of Class A Common Stock in an exempt transaction pursuant to Rule 16b-7.

F2 · price: Immediately prior to the completion of the Issuer's initial public offering, each share of Common Stock was reclassified into one share of Class A Common Stock in an exempt transaction pursuant to Rule 16b-7.

Read SEC document
October 29, 2021 Filed Nov 3, 2021 01:01 UTC OtherCommon Stock 517,562 Not disclosed Not disclosed
Disclosure

SEC source: 0000899243-21-042552 · doc4.xml · nonDerivative · entry 2

KAPLAN BETH J · CIK 0001247154 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

F2 · kind: Immediately prior to the completion of the Issuer's initial public offering, each share of Common Stock was reclassified into one share of Class A Common Stock in an exempt transaction pursuant to Rule 16b-7.

F2 · price: Immediately prior to the completion of the Issuer's initial public offering, each share of Common Stock was reclassified into one share of Class A Common Stock in an exempt transaction pursuant to Rule 16b-7.

Read SEC document
October 29, 2021 Filed Nov 3, 2021 01:01 UTC ConversionCommon Stock 160,913 Not disclosed Not disclosed
Disclosure

SEC source: 0000899243-21-042552 · doc4.xml · nonDerivative · entry 1

KAPLAN BETH J · CIK 0001247154 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnote

Disclosed balance after: 368,222

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: The shares of the Issuer's preferred stock had no expiration date and were convertible, at the holder's election, into the Issuer's Common Stock at a conversion ratio of 1-to-1. Upon the closing of the Issuer's initial public offering, each share of preferred stock automatically converted into shares of the Issuer's common stock on a one-for-one basis for no additional consideration.

F3 · ownership.nature: Held directly by Axcel Partners VIII, LLC. The Reporting Person is the managing member of Axcel Partners LLC, and may be deemed to have voting and dispositive power over the shares held by Axcel Partners VIII, LLC.

Read SEC document
October 29, 2021 Filed Nov 3, 2021 01:01 UTC
Donato BrianChief Supply Chain Officer
OtherStock Option (Right to Buy) · Derivative 67,800 $0.00 Strike: $6.76 $0.00
Disclosure

SEC source: 0000899243-21-042550 · doc4.xml · derivative · entry 4

Donato Brian · CIK 0001887453 · Chief Supply Chain Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 67,800

Underlying: Class A Common Stock · 67,800 shares

Expires 2031-03-24

F1 · kind: Immediately prior to the completion of the Issuer's initial public offering, each share of Common Stock was reclassified into one share of Class A Common Stock in an exempt transaction pursuant to Rule 16b-7.

F2 · derivative.exercise_date: The option vests and becomes exercisable as to 25% of the underlying shares on March 1, 2022 and in 36 substantially equal monthly installments thereafter.

Read SEC document
October 29, 2021 Filed Nov 3, 2021 01:01 UTC
Donato BrianChief Supply Chain Officer
OtherStock Option (Right to Buy) · Derivative 67,800 $0.00 Strike: $6.76 $0.00
Disclosure

SEC source: 0000899243-21-042550 · doc4.xml · derivative · entry 3

Donato Brian · CIK 0001887453 · Chief Supply Chain Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Common Stock · 67,800 shares

Expires 2031-03-24

F1 · kind: Immediately prior to the completion of the Issuer's initial public offering, each share of Common Stock was reclassified into one share of Class A Common Stock in an exempt transaction pursuant to Rule 16b-7.

F2 · derivative.exercise_date: The option vests and becomes exercisable as to 25% of the underlying shares on March 1, 2022 and in 36 substantially equal monthly installments thereafter.

Read SEC document
October 29, 2021 Filed Nov 3, 2021 01:01 UTC
Donato BrianChief Supply Chain Officer
OtherClass A Common Stock 300,000 Not disclosed Not disclosed
Disclosure

SEC source: 0000899243-21-042550 · doc4.xml · nonDerivative · entry 2

Donato Brian · CIK 0001887453 · Chief Supply Chain Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 300,000

F1 · kind: Immediately prior to the completion of the Issuer's initial public offering, each share of Common Stock was reclassified into one share of Class A Common Stock in an exempt transaction pursuant to Rule 16b-7.

F1 · price: Immediately prior to the completion of the Issuer's initial public offering, each share of Common Stock was reclassified into one share of Class A Common Stock in an exempt transaction pursuant to Rule 16b-7.

Read SEC document
October 29, 2021 Filed Nov 3, 2021 01:01 UTC
Donato BrianChief Supply Chain Officer
OtherCommon Stock 300,000 Not disclosed Not disclosed
Disclosure

SEC source: 0000899243-21-042550 · doc4.xml · nonDerivative · entry 1

Donato Brian · CIK 0001887453 · Chief Supply Chain Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

F1 · kind: Immediately prior to the completion of the Issuer's initial public offering, each share of Common Stock was reclassified into one share of Class A Common Stock in an exempt transaction pursuant to Rule 16b-7.

F1 · price: Immediately prior to the completion of the Issuer's initial public offering, each share of Common Stock was reclassified into one share of Class A Common Stock in an exempt transaction pursuant to Rule 16b-7.

Read SEC document
October 29, 2021 Filed Nov 3, 2021 01:01 UTC
Roney CarleyDirector
PurchaseClass A Common Stock 5,000 $21.00 $105,000.00
Disclosure

SEC source: 0000899243-21-042549 · doc4.xml · nonDerivative · entry 4

Roney Carley · CIK 0001442439 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · Held by spouse

Disclosed balance after: 5,000

Read SEC document
October 29, 2021 Filed Nov 3, 2021 01:01 UTC
Roney CarleyDirector
PurchaseClass A Common Stock 7,500 $21.00 $157,500.00
Disclosure

SEC source: 0000899243-21-042549 · doc4.xml · nonDerivative · entry 3

Roney Carley · CIK 0001442439 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 65,770

Read SEC document
October 29, 2021 Filed Nov 3, 2021 01:01 UTC
Roney CarleyDirector
OtherClass A Common Stock 58,270 Not disclosed Not disclosed
Disclosure

SEC source: 0000899243-21-042549 · doc4.xml · nonDerivative · entry 2

Roney Carley · CIK 0001442439 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 58,270

F1 · kind: Immediately prior to the completion of the Issuer's initial public offering, each share of Common Stock was reclassified into one share of Class A Common Stock in an exempt transaction pursuant to Rule 16b-7.

F1 · price: Immediately prior to the completion of the Issuer's initial public offering, each share of Common Stock was reclassified into one share of Class A Common Stock in an exempt transaction pursuant to Rule 16b-7.

Read SEC document
October 29, 2021 Filed Nov 3, 2021 01:01 UTC
Roney CarleyDirector
OtherCommon Stock 58,270 Not disclosed Not disclosed
Disclosure

SEC source: 0000899243-21-042549 · doc4.xml · nonDerivative · entry 1

Roney Carley · CIK 0001442439 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

F1 · kind: Immediately prior to the completion of the Issuer's initial public offering, each share of Common Stock was reclassified into one share of Class A Common Stock in an exempt transaction pursuant to Rule 16b-7.

F1 · price: Immediately prior to the completion of the Issuer's initial public offering, each share of Common Stock was reclassified into one share of Class A Common Stock in an exempt transaction pursuant to Rule 16b-7.

Read SEC document
October 29, 2021 Filed Nov 3, 2021 01:01 UTC
Steinberg LarryChief Technology Officer
OtherStock Option (Right to Buy) · Derivative 237,400 $0.00 Strike: $6.76 $0.00
Disclosure

SEC source: 0000899243-21-042547 · doc4.xml · derivative · entry 6

Steinberg Larry · CIK 0001552159 · Chief Technology Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 237,400

Underlying: Class A Common Stock · 237,400 shares

Expires 2031-03-24

F2 · kind: Immediately prior to the completion of the Issuer's initial public offering, each share of Common Stock was reclassified into one share of Class A Common Stock in an exempt transaction pursuant to Rule 16b-7.

F3 · derivative.exercise_date: The option vests and becomes exercisable as to 25% of the underlying shares on March 1, 2022 and in 36 substantially equal monthly installments thereafter.

Read SEC document
October 29, 2021 Filed Nov 3, 2021 01:01 UTC
Steinberg LarryChief Technology Officer
OtherStock Option (Right to Buy) · Derivative 237,400 $0.00 Strike: $6.76 $0.00
Disclosure

SEC source: 0000899243-21-042547 · doc4.xml · derivative · entry 5

Steinberg Larry · CIK 0001552159 · Chief Technology Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Common Stock · 237,400 shares

Expires 2031-03-24

F2 · kind: Immediately prior to the completion of the Issuer's initial public offering, each share of Common Stock was reclassified into one share of Class A Common Stock in an exempt transaction pursuant to Rule 16b-7.

F3 · derivative.exercise_date: The option vests and becomes exercisable as to 25% of the underlying shares on March 1, 2022 and in 36 substantially equal monthly installments thereafter.

Read SEC document
October 29, 2021 Filed Nov 3, 2021 01:01 UTC
Steinberg LarryChief Technology Officer
ConversionSeries G Preferred Stock · Derivative 23,744 Not disclosed Not disclosed
Disclosure

SEC source: 0000899243-21-042547 · doc4.xml · derivative · entry 4

Steinberg Larry · CIK 0001552159 · Chief Technology Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Common Stock · 23,744 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.

F2 · derivative.exercise_price: Immediately prior to the completion of the Issuer's initial public offering, each share of Common Stock was reclassified into one share of Class A Common Stock in an exempt transaction pursuant to Rule 16b-7.

F1 · price: Upon the closing of the Issuer's initial public offering, each share of preferred stock automatically converted into shares of the Issuer's common stock on a one-for-one basis for no additional consideration.

F1 · derivative.exercise_date: Upon the closing of the Issuer's initial public offering, each share of preferred stock automatically converted into shares of the Issuer's common stock on a one-for-one basis for no additional consideration.

F1 · derivative.expiration_date: Upon the closing of the Issuer's initial public offering, each share of preferred stock automatically converted into shares of the Issuer's common stock on a one-for-one basis for no additional consideration.

Read SEC document
October 29, 2021 Filed Nov 3, 2021 01:01 UTC
Steinberg LarryChief Technology Officer
OtherClass A Common Stock 122,162 Not disclosed Not disclosed
Disclosure

SEC source: 0000899243-21-042547 · doc4.xml · nonDerivative · entry 3

Steinberg Larry · CIK 0001552159 · Chief Technology Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 122,162

F2 · kind: Immediately prior to the completion of the Issuer's initial public offering, each share of Common Stock was reclassified into one share of Class A Common Stock in an exempt transaction pursuant to Rule 16b-7.

F2 · price: Immediately prior to the completion of the Issuer's initial public offering, each share of Common Stock was reclassified into one share of Class A Common Stock in an exempt transaction pursuant to Rule 16b-7.

Read SEC document
October 29, 2021 Filed Nov 3, 2021 01:01 UTC
Steinberg LarryChief Technology Officer
OtherCommon Stock 122,162 Not disclosed Not disclosed
Disclosure

SEC source: 0000899243-21-042547 · doc4.xml · nonDerivative · entry 2

Steinberg Larry · CIK 0001552159 · Chief Technology Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

F2 · kind: Immediately prior to the completion of the Issuer's initial public offering, each share of Common Stock was reclassified into one share of Class A Common Stock in an exempt transaction pursuant to Rule 16b-7.

F2 · price: Immediately prior to the completion of the Issuer's initial public offering, each share of Common Stock was reclassified into one share of Class A Common Stock in an exempt transaction pursuant to Rule 16b-7.

Read SEC document
October 29, 2021 Filed Nov 3, 2021 01:01 UTC
Steinberg LarryChief Technology Officer
ConversionCommon Stock 23,744 Not disclosed Not disclosed
Disclosure

SEC source: 0000899243-21-042547 · doc4.xml · nonDerivative · entry 1

Steinberg Larry · CIK 0001552159 · Chief Technology Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 122,162

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: Upon the closing of the Issuer's initial public offering, each share of preferred stock automatically converted into shares of the Issuer's common stock on a one-for-one basis for no additional consideration.

Read SEC document
October 29, 2021 Filed Nov 3, 2021 01:01 UTC
O'Sullivan ScarlettChief Financial Officer
OtherStock Option (Right to Buy) · Derivative 502,000 $0.00 Strike: $6.76 $0.00
Disclosure

SEC source: 0000899243-21-042543 · doc4.xml · derivative · entry 13

O'Sullivan Scarlett · CIK 0001844631 · Chief Financial Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 502,000

Underlying: Class A Common Stock · 502,000 shares

Expires 2031-03-24

F1 · kind: Immediately prior to the completion of the Issuer's initial public offering, each share of Common Stock was reclassified into one share of Class A Common Stock in an exempt transaction pursuant to Rule 16b-7.

F5 · derivative.exercise_date: The option vests and becomes exercisable as to 25% of the underlying shares on March 1, 2022 and in 36 substantially equal monthly installments thereafter.

Read SEC document
October 29, 2021 Filed Nov 3, 2021 01:01 UTC
O'Sullivan ScarlettChief Financial Officer
OtherStock Option (Right to Buy) · Derivative 502,000 $0.00 Strike: $6.76 $0.00
Disclosure

SEC source: 0000899243-21-042543 · doc4.xml · derivative · entry 12

O'Sullivan Scarlett · CIK 0001844631 · Chief Financial Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Common Stock · 502,000 shares

Expires 2031-03-24

F1 · kind: Immediately prior to the completion of the Issuer's initial public offering, each share of Common Stock was reclassified into one share of Class A Common Stock in an exempt transaction pursuant to Rule 16b-7.

F5 · derivative.exercise_date: The option vests and becomes exercisable as to 25% of the underlying shares on March 1, 2022 and in 36 substantially equal monthly installments thereafter.

Read SEC document
October 29, 2021 Filed Nov 3, 2021 01:01 UTC
O'Sullivan ScarlettChief Financial Officer
OtherStock Option (Right to Buy) · Derivative 25,000 $0.00 Strike: $7.01 $0.00
Disclosure

SEC source: 0000899243-21-042543 · doc4.xml · derivative · entry 11

O'Sullivan Scarlett · CIK 0001844631 · Chief Financial Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 25,000

Underlying: Class A Common Stock · 25,000 shares

Expires 2029-08-16

F1 · kind: Immediately prior to the completion of the Issuer's initial public offering, each share of Common Stock was reclassified into one share of Class A Common Stock in an exempt transaction pursuant to Rule 16b-7.

F4 · derivative.exercise_date: The option vests and becomes exercisable as to 25% of the underlying shares on July 3, 2020 and in 36 substantially equal monthly installments thereafter.

Read SEC document
October 29, 2021 Filed Nov 3, 2021 01:01 UTC
O'Sullivan ScarlettChief Financial Officer
OtherStock Option (Right to Buy) · Derivative 25,000 $0.00 Strike: $7.01 $0.00
Disclosure

SEC source: 0000899243-21-042543 · doc4.xml · derivative · entry 10

O'Sullivan Scarlett · CIK 0001844631 · Chief Financial Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Common Stock · 25,000 shares

Expires 2029-08-16

F1 · kind: Immediately prior to the completion of the Issuer's initial public offering, each share of Common Stock was reclassified into one share of Class A Common Stock in an exempt transaction pursuant to Rule 16b-7.

F4 · derivative.exercise_date: The option vests and becomes exercisable as to 25% of the underlying shares on July 3, 2020 and in 36 substantially equal monthly installments thereafter.

Read SEC document
October 29, 2021 Filed Nov 3, 2021 01:01 UTC
O'Sullivan ScarlettChief Financial Officer
OtherStock Option (Right to Buy) · Derivative 173,479 $0.00 Strike: $7.66 $0.00
Disclosure

SEC source: 0000899243-21-042543 · doc4.xml · derivative · entry 9

O'Sullivan Scarlett · CIK 0001844631 · Chief Financial Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 173,479

Underlying: Class A Common Stock · 173,479 shares

Expires 2027-08-21

F1 · kind: Immediately prior to the completion of the Issuer's initial public offering, each share of Common Stock was reclassified into one share of Class A Common Stock in an exempt transaction pursuant to Rule 16b-7.

F3 · derivative.exercise_date: The option is fully vested and exercisable.

Read SEC document
October 29, 2021 Filed Nov 3, 2021 01:01 UTC
O'Sullivan ScarlettChief Financial Officer
OtherStock Option (Right to Buy) · Derivative 173,479 $0.00 Strike: $7.66 $0.00
Disclosure

SEC source: 0000899243-21-042543 · doc4.xml · derivative · entry 8

O'Sullivan Scarlett · CIK 0001844631 · Chief Financial Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Common Stock · 173,479 shares

Expires 2027-08-21

F1 · kind: Immediately prior to the completion of the Issuer's initial public offering, each share of Common Stock was reclassified into one share of Class A Common Stock in an exempt transaction pursuant to Rule 16b-7.

F3 · derivative.exercise_date: The option is fully vested and exercisable.

Read SEC document
October 29, 2021 Filed Nov 3, 2021 01:01 UTC
O'Sullivan ScarlettChief Financial Officer
OtherStock Option (Right to Buy) · Derivative 335,552 $0.00 Strike: $5.10 $0.00
Disclosure

SEC source: 0000899243-21-042543 · doc4.xml · derivative · entry 7

O'Sullivan Scarlett · CIK 0001844631 · Chief Financial Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 335,552

Underlying: Class A Common Stock · 335,552 shares

Expires 2025-09-27

F1 · kind: Immediately prior to the completion of the Issuer's initial public offering, each share of Common Stock was reclassified into one share of Class A Common Stock in an exempt transaction pursuant to Rule 16b-7.

F3 · derivative.exercise_date: The option is fully vested and exercisable.

Read SEC document
October 29, 2021 Filed Nov 3, 2021 01:01 UTC
O'Sullivan ScarlettChief Financial Officer
OtherStock Option (Right to Buy) · Derivative 335,552 $0.00 Strike: $5.10 $0.00
Disclosure

SEC source: 0000899243-21-042543 · doc4.xml · derivative · entry 6

O'Sullivan Scarlett · CIK 0001844631 · Chief Financial Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Common Stock · 335,552 shares

Expires 2025-09-27

F1 · kind: Immediately prior to the completion of the Issuer's initial public offering, each share of Common Stock was reclassified into one share of Class A Common Stock in an exempt transaction pursuant to Rule 16b-7.

F3 · derivative.exercise_date: The option is fully vested and exercisable.

Read SEC document
October 29, 2021 Filed Nov 3, 2021 01:01 UTC
O'Sullivan ScarlettChief Financial Officer
PurchaseClass A Common Stock 1,500 $21.00 $31,500.00
Disclosure

SEC source: 0000899243-21-042543 · doc4.xml · nonDerivative · entry 5

O'Sullivan Scarlett · CIK 0001844631 · Chief Financial Officer

10b5-1 filing: Not disclosed

Ownership: Indirect · Held by child

Disclosed balance after: 1,500

Read SEC document
October 29, 2021 Filed Nov 3, 2021 01:01 UTC
O'Sullivan ScarlettChief Financial Officer
PurchaseClass A Common Stock 1,500 $21.00 $31,500.00
Disclosure

SEC source: 0000899243-21-042543 · doc4.xml · nonDerivative · entry 4

O'Sullivan Scarlett · CIK 0001844631 · Chief Financial Officer

10b5-1 filing: Not disclosed

Ownership: Indirect · Held by spouse

Disclosed balance after: 1,500

Read SEC document
October 29, 2021 Filed Nov 3, 2021 01:01 UTC
O'Sullivan ScarlettChief Financial Officer
GrantClass A Common Stock 67,842 Not disclosed Not disclosed
Disclosure

SEC source: 0000899243-21-042543 · doc4.xml · nonDerivative · entry 3

O'Sullivan Scarlett · CIK 0001844631 · Chief Financial Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 228,851

F2 · shares: Includes 50,881 RSUs, each of which respresents a contingent right to receive one share of the Issuer's Class A Common Stock. The RSUs vest as to 25% upon the Issuer's initial public offering and in 16 substantially equal quarterly installments thereafter. The RSUs have no expiration date.

F2 · price: Includes 50,881 RSUs, each of which respresents a contingent right to receive one share of the Issuer's Class A Common Stock. The RSUs vest as to 25% upon the Issuer's initial public offering and in 16 substantially equal quarterly installments thereafter. The RSUs have no expiration date.

Read SEC document
October 29, 2021 Filed Nov 3, 2021 01:01 UTC
O'Sullivan ScarlettChief Financial Officer
OtherClass A Common Stock 161,009 Not disclosed Not disclosed
Disclosure

SEC source: 0000899243-21-042543 · doc4.xml · nonDerivative · entry 2

O'Sullivan Scarlett · CIK 0001844631 · Chief Financial Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 161,009

F1 · kind: Immediately prior to the completion of the Issuer's initial public offering, each share of Common Stock was reclassified into one share of Class A Common Stock in an exempt transaction pursuant to Rule 16b-7.

F1 · price: Immediately prior to the completion of the Issuer's initial public offering, each share of Common Stock was reclassified into one share of Class A Common Stock in an exempt transaction pursuant to Rule 16b-7.

Read SEC document
October 29, 2021 Filed Nov 3, 2021 01:01 UTC
O'Sullivan ScarlettChief Financial Officer
OtherCommon Stock 161,009 Not disclosed Not disclosed
Disclosure

SEC source: 0000899243-21-042543 · doc4.xml · nonDerivative · entry 1

O'Sullivan Scarlett · CIK 0001844631 · Chief Financial Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

F1 · kind: Immediately prior to the completion of the Issuer's initial public offering, each share of Common Stock was reclassified into one share of Class A Common Stock in an exempt transaction pursuant to Rule 16b-7.

F1 · price: Immediately prior to the completion of the Issuer's initial public offering, each share of Common Stock was reclassified into one share of Class A Common Stock in an exempt transaction pursuant to Rule 16b-7.

Read SEC document
October 29, 2021 Filed Nov 3, 2021 01:00 UTC OtherStock Option (Right to Buy) · Derivative 9,334 $0.00 Strike: $7.01 $0.00
Disclosure

SEC source: 0000899243-21-042542 · doc4.xml · derivative · entry 7

ROSENSWEIG DANIEL · CIK 0001234658 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 9,334

Underlying: Class A Common Stock · 9,334 shares

Expires 2029-07-02

F1 · kind: Immediately prior to the completion of the Issuer's initial public offering, each share of Common Stock was reclassified into one share of Class A Common Stock in an exempt transaction pursuant to Rule 16b-7.

F2 · derivative.exercise_date: The option vests and becomes exercisable as to 25% of the underlying shares on July 3, 2020 and in 36 substantially equal monthly installments thereafter.

Read SEC document
October 29, 2021 Filed Nov 3, 2021 01:00 UTC OtherStock Option (Right to Buy) · Derivative 9,334 $0.00 Strike: $7.01 $0.00
Disclosure

SEC source: 0000899243-21-042542 · doc4.xml · derivative · entry 6

ROSENSWEIG DANIEL · CIK 0001234658 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Common Stock · 9,334 shares

Expires 2029-07-02

F1 · kind: Immediately prior to the completion of the Issuer's initial public offering, each share of Common Stock was reclassified into one share of Class A Common Stock in an exempt transaction pursuant to Rule 16b-7.

F2 · derivative.exercise_date: The option vests and becomes exercisable as to 25% of the underlying shares on July 3, 2020 and in 36 substantially equal monthly installments thereafter.

Read SEC document
October 29, 2021 Filed Nov 3, 2021 01:00 UTC OtherClass A Common Stock 3,229 Not disclosed Not disclosed
Disclosure

SEC source: 0000899243-21-042542 · doc4.xml · nonDerivative · entry 5

ROSENSWEIG DANIEL · CIK 0001234658 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · Held by The Rosensweig 2012 Irrevocable Children's Trust

Disclosed balance after: 3,229

F1 · kind: Immediately prior to the completion of the Issuer's initial public offering, each share of Common Stock was reclassified into one share of Class A Common Stock in an exempt transaction pursuant to Rule 16b-7.

F1 · price: Immediately prior to the completion of the Issuer's initial public offering, each share of Common Stock was reclassified into one share of Class A Common Stock in an exempt transaction pursuant to Rule 16b-7.

Read SEC document
October 29, 2021 Filed Nov 3, 2021 01:00 UTC OtherCommon Stock 3,229 Not disclosed Not disclosed
Disclosure

SEC source: 0000899243-21-042542 · doc4.xml · nonDerivative · entry 4

ROSENSWEIG DANIEL · CIK 0001234658 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · Held by The Rosensweig 2012 Irrevocable Children's Trust

Disclosed balance after: 0

F1 · kind: Immediately prior to the completion of the Issuer's initial public offering, each share of Common Stock was reclassified into one share of Class A Common Stock in an exempt transaction pursuant to Rule 16b-7.

F1 · price: Immediately prior to the completion of the Issuer's initial public offering, each share of Common Stock was reclassified into one share of Class A Common Stock in an exempt transaction pursuant to Rule 16b-7.

Read SEC document
October 29, 2021 Filed Nov 3, 2021 01:00 UTC PurchaseClass A Common Stock 5,000 $21.00 $105,000.00
Disclosure

SEC source: 0000899243-21-042542 · doc4.xml · nonDerivative · entry 3

ROSENSWEIG DANIEL · CIK 0001234658 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 50,628

Read SEC document
October 29, 2021 Filed Nov 3, 2021 01:00 UTC OtherClass A Common Stock 45,682 Not disclosed Not disclosed
Disclosure

SEC source: 0000899243-21-042542 · doc4.xml · nonDerivative · entry 2

ROSENSWEIG DANIEL · CIK 0001234658 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 45,682

F1 · kind: Immediately prior to the completion of the Issuer's initial public offering, each share of Common Stock was reclassified into one share of Class A Common Stock in an exempt transaction pursuant to Rule 16b-7.

F1 · price: Immediately prior to the completion of the Issuer's initial public offering, each share of Common Stock was reclassified into one share of Class A Common Stock in an exempt transaction pursuant to Rule 16b-7.

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October 29, 2021 Filed Nov 3, 2021 01:00 UTC OtherCommon Stock 45,682 Not disclosed Not disclosed
Disclosure

SEC source: 0000899243-21-042542 · doc4.xml · nonDerivative · entry 1

ROSENSWEIG DANIEL · CIK 0001234658 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

F1 · kind: Immediately prior to the completion of the Issuer's initial public offering, each share of Common Stock was reclassified into one share of Class A Common Stock in an exempt transaction pursuant to Rule 16b-7.

F1 · price: Immediately prior to the completion of the Issuer's initial public offering, each share of Common Stock was reclassified into one share of Class A Common Stock in an exempt transaction pursuant to Rule 16b-7.

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October 29, 2021 Filed Nov 3, 2021 01:00 UTC OtherClass B Common stock · Derivative 605,641 Not disclosed Not disclosed
Disclosure

SEC source: 0000899243-21-042545 · doc4.xml · derivative · entry 3

Fleiss Jennifer · CIK 0001821976 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 605,641

Underlying: Class A Common Stock · 605,641 shares

Expires not disclosed

F1 · derivative.exercise_price: Immediately prior to the completion of the Issuer's initial public offering, each share of Common Stock was reclassified into one share of Class B Common Stock in an exempt transaction pursuant to Rule 16b-7.

F1 · kind: Immediately prior to the completion of the Issuer's initial public offering, each share of Common Stock was reclassified into one share of Class B Common Stock in an exempt transaction pursuant to Rule 16b-7.

F1 · price: Immediately prior to the completion of the Issuer's initial public offering, each share of Common Stock was reclassified into one share of Class B Common Stock in an exempt transaction pursuant to Rule 16b-7.

F3 · derivative.exercise_date: Each share of Class B common stock is convertible at any time at the option of the holder into one share of Class A common stock. Each share of Class B common stock will automatically convert into one share of Class A common stock upon certain sales or transfers. The Class B common stock do not expire.

F3 · derivative.expiration_date: Each share of Class B common stock is convertible at any time at the option of the holder into one share of Class A common stock. Each share of Class B common stock will automatically convert into one share of Class A common stock upon certain sales or transfers. The Class B common stock do not expire.

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October 29, 2021 Filed Nov 3, 2021 01:00 UTC OtherRestricted Stock Units · Derivative 20,640 Not disclosed Not disclosed
Disclosure

SEC source: 0000899243-21-042545 · doc4.xml · derivative · entry 2

Fleiss Jennifer · CIK 0001821976 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 20,640

Underlying: Class B Common Stock · 20,640 shares

Expires not disclosed

F2 · derivative.exercise_price: Each restricted stock units ("RSUs") represents a contingent right to receive one share of the Issuer's Class B Common Stock. The RSUs vest in 6 substantially equal quarterly installments commencing on February 1, 2022. The RSUs have no expiration date.

F1 · kind: Immediately prior to the completion of the Issuer's initial public offering, each share of Common Stock was reclassified into one share of Class B Common Stock in an exempt transaction pursuant to Rule 16b-7.

F2 · price: Each restricted stock units ("RSUs") represents a contingent right to receive one share of the Issuer's Class B Common Stock. The RSUs vest in 6 substantially equal quarterly installments commencing on February 1, 2022. The RSUs have no expiration date.

F2 · derivative.exercise_date: Each restricted stock units ("RSUs") represents a contingent right to receive one share of the Issuer's Class B Common Stock. The RSUs vest in 6 substantially equal quarterly installments commencing on February 1, 2022. The RSUs have no expiration date.

F2 · derivative.expiration_date: Each restricted stock units ("RSUs") represents a contingent right to receive one share of the Issuer's Class B Common Stock. The RSUs vest in 6 substantially equal quarterly installments commencing on February 1, 2022. The RSUs have no expiration date.

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October 29, 2021 Filed Nov 3, 2021 01:00 UTC OtherCommon Stock 626,281 Not disclosed Not disclosed
Disclosure

SEC source: 0000899243-21-042545 · doc4.xml · nonDerivative · entry 1

Fleiss Jennifer · CIK 0001821976 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

F1 · kind: Immediately prior to the completion of the Issuer's initial public offering, each share of Common Stock was reclassified into one share of Class B Common Stock in an exempt transaction pursuant to Rule 16b-7.

F1 · price: Immediately prior to the completion of the Issuer's initial public offering, each share of Common Stock was reclassified into one share of Class B Common Stock in an exempt transaction pursuant to Rule 16b-7.

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October 29, 2021 Filed Nov 3, 2021 01:00 UTC
Alexander AndreaChief People Officer
OtherStock Option (Right to Buy) · Derivative 175,000 $0.00 Strike: $8.92 $0.00
Disclosure

SEC source: 0000899243-21-042541 · doc4.xml · derivative · entry 4

Alexander Andrea · CIK 0001888092 · Chief People Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 175,000

Underlying: Class A Common Stock · 175,000 shares

Expires 2031-07-13

F1 · kind: Immediately prior to the completion of the Issuer's initial public offering, each share of Common Stock was reclassified into one share of Class A Common Stock in an exempt transaction pursuant to Rule 16b-7.

F2 · derivative.exercise_date: The option vests and becomes exercisable as to 25% of the underlying shares on June 21, 2022 and in 36 substantially equal monthly installments thereafter.

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October 29, 2021 Filed Nov 3, 2021 01:00 UTC
Alexander AndreaChief People Officer
OtherStock Option (Right to Buy) · Derivative 175,000 $0.00 Strike: $8.92 $0.00
Disclosure

SEC source: 0000899243-21-042541 · doc4.xml · derivative · entry 3

Alexander Andrea · CIK 0001888092 · Chief People Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Common Stock · 175,000 shares

Expires 2031-07-13

F1 · kind: Immediately prior to the completion of the Issuer's initial public offering, each share of Common Stock was reclassified into one share of Class A Common Stock in an exempt transaction pursuant to Rule 16b-7.

F2 · derivative.exercise_date: The option vests and becomes exercisable as to 25% of the underlying shares on June 21, 2022 and in 36 substantially equal monthly installments thereafter.

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October 29, 2021 Filed Nov 3, 2021 01:00 UTC
Alexander AndreaChief People Officer
PurchaseClass A Common Stock 100 $21.00 $2,100.00
Disclosure

SEC source: 0000899243-21-042541 · doc4.xml · nonDerivative · entry 2

Alexander Andrea · CIK 0001888092 · Chief People Officer

10b5-1 filing: Not disclosed

Ownership: Indirect · Held by spouse

Disclosed balance after: 100

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October 29, 2021 Filed Nov 3, 2021 01:00 UTC
Alexander AndreaChief People Officer
PurchaseClass A Common Stock 700 $21.00 $14,700.00
Disclosure

SEC source: 0000899243-21-042541 · doc4.xml · nonDerivative · entry 1

Alexander Andrea · CIK 0001888092 · Chief People Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 700

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October 29, 2021 Filed Nov 3, 2021 01:00 UTC PurchaseClass A Common Stock 5,000 $21.00 $105,000.00
Disclosure

SEC source: 0000899243-21-042540 · doc4.xml · nonDerivative · entry 3

BIXBY TIMOTHY E · CIK 0001232142 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 72,838

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October 29, 2021 Filed Nov 3, 2021 01:00 UTC OtherClass A Common Stock 67,838 Not disclosed Not disclosed
Disclosure

SEC source: 0000899243-21-042540 · doc4.xml · nonDerivative · entry 2

BIXBY TIMOTHY E · CIK 0001232142 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 67,838

F1 · kind: Immediately prior to the completion of the Issuer's initial public offering, each share of Common Stock was reclassified into one share of Class A Common Stock in an exempt transaction pursuant to Rule 16b-7.

F1 · price: Immediately prior to the completion of the Issuer's initial public offering, each share of Common Stock was reclassified into one share of Class A Common Stock in an exempt transaction pursuant to Rule 16b-7.

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October 29, 2021 Filed Nov 3, 2021 01:00 UTC OtherCommon Stock 67,838 Not disclosed Not disclosed
Disclosure

SEC source: 0000899243-21-042540 · doc4.xml · nonDerivative · entry 1

BIXBY TIMOTHY E · CIK 0001232142 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

F1 · kind: Immediately prior to the completion of the Issuer's initial public offering, each share of Common Stock was reclassified into one share of Class A Common Stock in an exempt transaction pursuant to Rule 16b-7.

F1 · price: Immediately prior to the completion of the Issuer's initial public offering, each share of Common Stock was reclassified into one share of Class A Common Stock in an exempt transaction pursuant to Rule 16b-7.

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October 29, 2021 Filed Nov 3, 2021 01:00 UTC ConversionSeries G Preferred Stock · Derivative 847,978 Not disclosed Not disclosed
Disclosure

SEC source: 0000899243-21-042544 · doc4.xml · derivative · entry 31

Highland Management Partners VIII Ltd · CIK 0001554033 · 10% owner

Highland Management Partners VIII Limited Partnership · CIK 0001554280 · 10% owner

Highland Capital Partners VIII-B Limited Partnership · CIK 0001467824 · 10% owner

Highland Capital Partners VIII-C Limited Partnership · CIK 0001467823 · 10% owner

Highland Capital Partners VIII Limited Partnership · CIK 0001467825 · 10% owner

Highland Leaders Fund I GP, L.P. · CIK 0001871228 · 10% owner

Highland Leaders Fund I GP, LLC · CIK 0001871227 · 10% owner

Highland Leaders Fund I, L.P. · CIK 0001794347 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnote

Disclosed balance after: 0

Underlying: Common Stock · 847,978 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: Upon the closing of the Issuer's initial public offering, each share of preferred stock automatically converted into shares of the Issuer's common stock on a one-for-one basis for no additional consideration.

F1 · price: Upon the closing of the Issuer's initial public offering, each share of preferred stock automatically converted into shares of the Issuer's common stock on a one-for-one basis for no additional consideration.

F1 · derivative.exercise_date: Upon the closing of the Issuer's initial public offering, each share of preferred stock automatically converted into shares of the Issuer's common stock on a one-for-one basis for no additional consideration.

F1 · derivative.expiration_date: Upon the closing of the Issuer's initial public offering, each share of preferred stock automatically converted into shares of the Issuer's common stock on a one-for-one basis for no additional consideration.

F8 · ownership.nature: These shares are held of record by Highland Leaders Fund I, L.P. ("HLF I"). The general partner of HLF I is Highland Leaders Fund I GP, L.P. ("HLF I GP LP"), whose general partner is Highland Leaders Fund I GP, LLC ("HLF I GP LLC"). Robert Davis, Daniel Nova (a member of the Issuer's board of directors), Paul Maeder, Corey Mulloy and Craig Driscoll (the "HLF I Managing Members") are the Managing Members of HLF I GP LLC and may be deemed to have voting and dispositive power over the shares held by HLF I. Each of HLF I GP LP, HLF I GP LLC, and the HLF I Managing Members disclaims beneficial ownership of the securities held by HLF I, except to the extent of their respective pecuniary interests therein, if any, and the filing of this statement shall not be deemed to be an admission that, for purposes of Section 16 of the Securities Exchange Act of 1934 or otherwise, any of them is the beneficial owner of any securities reported herein.

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October 29, 2021 Filed Nov 3, 2021 01:00 UTC ConversionSeries G Preferred Stock · Derivative 49,225 Not disclosed Not disclosed
Disclosure

SEC source: 0000899243-21-042544 · doc4.xml · derivative · entry 30

Highland Management Partners VIII Ltd · CIK 0001554033 · 10% owner

Highland Management Partners VIII Limited Partnership · CIK 0001554280 · 10% owner

Highland Capital Partners VIII-B Limited Partnership · CIK 0001467824 · 10% owner

Highland Capital Partners VIII-C Limited Partnership · CIK 0001467823 · 10% owner

Highland Capital Partners VIII Limited Partnership · CIK 0001467825 · 10% owner

Highland Leaders Fund I GP, L.P. · CIK 0001871228 · 10% owner

Highland Leaders Fund I GP, LLC · CIK 0001871227 · 10% owner

Highland Leaders Fund I, L.P. · CIK 0001794347 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnotes

Disclosed balance after: 0

Underlying: Common Stock · 49,225 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: Upon the closing of the Issuer's initial public offering, each share of preferred stock automatically converted into shares of the Issuer's common stock on a one-for-one basis for no additional consideration.

F1 · price: Upon the closing of the Issuer's initial public offering, each share of preferred stock automatically converted into shares of the Issuer's common stock on a one-for-one basis for no additional consideration.

F1 · derivative.exercise_date: Upon the closing of the Issuer's initial public offering, each share of preferred stock automatically converted into shares of the Issuer's common stock on a one-for-one basis for no additional consideration.

F1 · derivative.expiration_date: Upon the closing of the Issuer's initial public offering, each share of preferred stock automatically converted into shares of the Issuer's common stock on a one-for-one basis for no additional consideration.

F7 · ownership.nature: These shares are held of record by Highland Capital Partners VIII Limited Partnership ("Highland Capital VIII").

F3 · ownership.nature: Highland Management Partners VIII Limited ("HMP VIII Ltd") is the general partner of Highland Management Partners VIII Limited Partnership ("HMP VIII LP"), which is the general partner of each of Highland Capital VIII-B, Highland Capital VIII-C and Highland Capital VIII (collectively, the "Highland VIII Funds"). Robert Davis, Daniel Nova (a member of the Issuer's board of directors), Paul Maeder and Corey Mulloy (collectively, the "HMP VIII Directors") are the Directors of HMP VIII Ltd and may be deemed to have voting and dispositive power over the shares held by each of the Highland VIII Funds.

F4 · ownership.nature: (continued from footnote 3) Each of the HMP VIII Directors, HMP VIII Ltd and HMP VIII LP disclaims beneficial ownership of the securities held by each of the Highland VIII Funds, except to the extent of their pecuniary interests therein, if any, and the filing of this statement shall not be deemed to be an admission that, for purposes of Section 16 of the Securities Exchange Act of 1934 or otherwise, any of them is the beneficial owner of any securities reported herein.

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October 29, 2021 Filed Nov 3, 2021 01:00 UTC ConversionSeries F Preferred Stock · Derivative 64,922 Not disclosed Not disclosed
Disclosure

SEC source: 0000899243-21-042544 · doc4.xml · derivative · entry 29

Highland Management Partners VIII Ltd · CIK 0001554033 · 10% owner

Highland Management Partners VIII Limited Partnership · CIK 0001554280 · 10% owner

Highland Capital Partners VIII-B Limited Partnership · CIK 0001467824 · 10% owner

Highland Capital Partners VIII-C Limited Partnership · CIK 0001467823 · 10% owner

Highland Capital Partners VIII Limited Partnership · CIK 0001467825 · 10% owner

Highland Leaders Fund I GP, L.P. · CIK 0001871228 · 10% owner

Highland Leaders Fund I GP, LLC · CIK 0001871227 · 10% owner

Highland Leaders Fund I, L.P. · CIK 0001794347 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnotes

Disclosed balance after: 0

Underlying: Common Stock · 64,922 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: Upon the closing of the Issuer's initial public offering, each share of preferred stock automatically converted into shares of the Issuer's common stock on a one-for-one basis for no additional consideration.

F1 · price: Upon the closing of the Issuer's initial public offering, each share of preferred stock automatically converted into shares of the Issuer's common stock on a one-for-one basis for no additional consideration.

F1 · derivative.exercise_date: Upon the closing of the Issuer's initial public offering, each share of preferred stock automatically converted into shares of the Issuer's common stock on a one-for-one basis for no additional consideration.

F1 · derivative.expiration_date: Upon the closing of the Issuer's initial public offering, each share of preferred stock automatically converted into shares of the Issuer's common stock on a one-for-one basis for no additional consideration.

F7 · ownership.nature: These shares are held of record by Highland Capital Partners VIII Limited Partnership ("Highland Capital VIII").

F3 · ownership.nature: Highland Management Partners VIII Limited ("HMP VIII Ltd") is the general partner of Highland Management Partners VIII Limited Partnership ("HMP VIII LP"), which is the general partner of each of Highland Capital VIII-B, Highland Capital VIII-C and Highland Capital VIII (collectively, the "Highland VIII Funds"). Robert Davis, Daniel Nova (a member of the Issuer's board of directors), Paul Maeder and Corey Mulloy (collectively, the "HMP VIII Directors") are the Directors of HMP VIII Ltd and may be deemed to have voting and dispositive power over the shares held by each of the Highland VIII Funds.

F4 · ownership.nature: (continued from footnote 3) Each of the HMP VIII Directors, HMP VIII Ltd and HMP VIII LP disclaims beneficial ownership of the securities held by each of the Highland VIII Funds, except to the extent of their pecuniary interests therein, if any, and the filing of this statement shall not be deemed to be an admission that, for purposes of Section 16 of the Securities Exchange Act of 1934 or otherwise, any of them is the beneficial owner of any securities reported herein.

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