Reported relationships
Latest disclosed role at each company.
| Company | Last reported as | Report date | Published |
|---|---|---|---|
| VirTra, IncVTSI · Entity 662 | Former Chief Operating Officer | September 30, 2022 | October 03, 2022 |
Disclosed balances
About these balances
Latest available filing per company, not a reconstructed current portfolio. Matching sequences show the last reported balance with all source rows expandable; grouping alone does not establish account ownership. Do not add unresolved positions together. Filings may omit unchanged positions, and amendments may correct only part of an older disclosure. Jointly reported shares are not necessarily this owner's personal holdings.
VirTra, Inc
Report date September 30, 2022 · Filed October 03, 2022
| Security / award | Ownership account | Disclosed shares / units | Disclosure context |
|---|---|---|---|
| Common StockSEC Table I · non-derivative | Direct | 18,043 |
Ending reported balance
After 2022-09-30 transaction · row 2
2 source rows · reconciled sequenceRow 1 · 2022-09-30 · Exercise / conversion · Acquired 3,750 · Balance 14,293 F1: Represents the exercise of a non-qualified stock option. Row 2 · 2022-09-30 · Exercise / conversion · Acquired 3,750 · Balance 18,043 F1: Represents the exercise of a non-qualified stock option. |
| Stock option (right to buy)SEC Table II · derivative / convertible security · Conversion / exercise price $1.70 · Expires 2022-10-01 | Direct | 0 |
Reported balance
After 2022-09-30 transaction · row 3
Instrument identity requires review; Table II rows are not merged.
1 source rowRow 3 · 2022-09-30 · Exercise / conversion · Disposed 3,750 · Balance 0 F2: Represents a non-qualified stock option to purchase 3,750 shares of the issuer's common stock at an exercise price of $1.70 per share granted to Mr. Burlend on October 1, 2015. |
| Stock option (right to buy)SEC Table II · derivative / convertible security · Conversion / exercise price $2.80 · Expires 2023-01-04 | Direct | 0 |
Reported balance
After 2022-09-30 transaction · row 4
Instrument identity requires review; Table II rows are not merged.
1 source rowRow 4 · 2022-09-30 · Exercise / conversion · Disposed 3,750 · Balance 0 F3: Represents a non-qualified stock option to purchase 3,750 shares of the issuer's common stock at an exercise price of $2.80 per share granted to Mr. Burlend on January 4, 205. |
Filing footnotes · ownership attribution and instrument terms
F1: Represents the exercise of a non-qualified stock option.
F2: Represents a non-qualified stock option to purchase 3,750 shares of the issuer's common stock at an exercise price of $1.70 per share granted to Mr. Burlend on October 1, 2015.
F3: Represents a non-qualified stock option to purchase 3,750 shares of the issuer's common stock at an exercise price of $2.80 per share granted to Mr. Burlend on January 4, 205.
Transaction history
JSON APIPurchases/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 date | Company | Activity / security | Shares / units | Reported price | Reported value | Details |
|---|---|---|---|---|---|---|
| September 30, 2022 Filed Oct 3, 2022 20:05 UTC | VirTra, Inc VTSI · Entity 662 | Exercise / conversionStock option (right to buy) · Derivative | 3,750 | Not disclosed Strike: $2.80 | Not disclosed |
DisclosureSEC source: 0001493152-22-027412 · ownership.xml · derivative · entry 4 Burlend Matthew D · CIK 0001734235 · Former Chief Operating Officer 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 0 Underlying: Common Stock · 3,750 shares Expires 2023-01-04 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. F3 · security: Represents a non-qualified stock option to purchase 3,750 shares of the issuer's common stock at an exercise price of $2.80 per share granted to Mr. Burlend on January 4, 205. F3 · price: Represents a non-qualified stock option to purchase 3,750 shares of the issuer's common stock at an exercise price of $2.80 per share granted to Mr. Burlend on January 4, 205. Read SEC document |
| September 30, 2022 Filed Oct 3, 2022 20:05 UTC | VirTra, Inc VTSI · Entity 662 | Exercise / conversionStock option (right to buy) · Derivative | 3,750 | Not disclosed Strike: $1.70 | Not disclosed |
DisclosureSEC source: 0001493152-22-027412 · ownership.xml · derivative · entry 3 Burlend Matthew D · CIK 0001734235 · Former Chief Operating Officer 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 0 Underlying: Common Stock · 3,750 shares Expires 2022-10-01 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 · security: Represents a non-qualified stock option to purchase 3,750 shares of the issuer's common stock at an exercise price of $1.70 per share granted to Mr. Burlend on October 1, 2015. F2 · price: Represents a non-qualified stock option to purchase 3,750 shares of the issuer's common stock at an exercise price of $1.70 per share granted to Mr. Burlend on October 1, 2015. Read SEC document |
| September 30, 2022 Filed Oct 3, 2022 20:05 UTC | VirTra, Inc VTSI · Entity 662 | Exercise / conversionCommon Stock | 3,750 | $2.80 | $10,500.00 |
DisclosureSEC source: 0001493152-22-027412 · ownership.xml · nonDerivative · entry 2 Burlend Matthew D · CIK 0001734235 · Former Chief Operating Officer 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 18,043 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 · kind: Represents the exercise of a non-qualified stock option. Read SEC document |
| September 30, 2022 Filed Oct 3, 2022 20:05 UTC | VirTra, Inc VTSI · Entity 662 | Exercise / conversionCommon Stock | 3,750 | $1.70 | $6,375.00 |
DisclosureSEC source: 0001493152-22-027412 · ownership.xml · nonDerivative · entry 1 Burlend Matthew D · CIK 0001734235 · Former Chief Operating Officer 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 14,293 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 · kind: Represents the exercise of a non-qualified stock option. Read SEC document |
| June 28, 2022 Filed Jun 29, 2022 22:16 UTC | VirTra, Inc VTSI · Entity 662 | OtherStock Option (right to buy) · Derivative | 3,750 | $4.62 Strike: $1.90 | $17,325.00 |
DisclosureSEC source: 0001493152-22-018143 · ownership.xml · derivative · entry 1 Burlend Matthew D · CIK 0001734235 · Director · Chief Operating Officer & VP 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 0 Underlying: Common Stock · 3,750 shares Expires 2022-07-01 F1 · security: Represents a non-qualified stock option to purchase 3,750 shares of the issuer's common stock at an exercise price of $1.90 per share granted to Mr. Burlend on July 1, 2015. F2 · kind: Mr. Burlend's stock option was redeemed by the issuer at the closing price on Nasdaq on June 28, 2022, for $2.72 per share for a total purchase price of $10,200. The issuer's purchase of this stock option was effected in the same manner as stock option purchases from all other staff of the issuer. Read SEC document |
| March 22, 2022 Filed Mar 24, 2022 17:51 UTC | VirTra, Inc VTSI · Entity 662 | OtherStock Option (right to buy) · Derivative | 3,750 | $5.95 Strike: $3.19 | $22,312.50 |
DisclosureSEC source: 0001493152-22-007633 · ownership.xml · derivative · entry 1 Burlend Matthew D · CIK 0001734235 · Director · Chief Operating Officer & VP 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 0 Underlying: Common Stock · 3,750 shares Expires 2022-04-01 F1 · security: Represents a non-qualified stock option to purchase 3,750 shares of the issuer's common stock at an exercise price of $3.19 per share granted to Mr. Burlend on April 1, 2015. F2 · kind: Mr. Burlend's stock option was redeemed by the issuer at the closing price on Nasdaq on March 22, 2022, for $2.76 per share for a total purchase price of $10,350. The issuer's purchase of this stock option was effected in the same manner as stock option purchases from all other staff of the issuer. Read SEC document |
| December 28, 2021 Filed Dec 30, 2021 21:29 UTC | VirTra, Inc VTSI · Entity 662 | OtherStock Option (right to buy) · Derivative | 3,750 | $7.09 Strike: $2.88 | $26,587.50 |
DisclosureSEC source: 0001493152-21-032848 · ownership.xml · derivative · entry 1 Burlend Matthew D · CIK 0001734235 · Director · Chief Operating Officer & VP 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 0 Underlying: Common Stock · 3,750 shares Expires 2022-01-02 F1 · security: Represents a non-qualified stock option to purchase 3,750 shares of the issuer's common stock at an exercise price of $2.88 per share granted to Mr. Burlend on January 2, 2015. F2 · kind: Mr. Burlend's stock option was redeemed by the issuer at the closing price on Nasdaq on December 28, 2021, for $7.09 per share for a total purchase price of $15,787.50. The issuer's purchase of this stock option was effected in the same manner as stock option purchases from all other staff of the issuer. Read SEC document |
| September 27, 2021 Filed Sep 29, 2021 21:53 UTC | VirTra, Inc VTSI · Entity 662 | OtherStock Option (right to buy) · Derivative | 3,750 | $8.23 Strike: $2.10 | $30,862.50 |
DisclosureSEC source: 0001493152-21-024124 · ownership.xml · derivative · entry 1 Burlend Matthew D · CIK 0001734235 · Director · Chief Operating Officer & VP 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 0 Underlying: Common Stock · 3,750 shares Expires 2021-10-01 F1 · security: Represents a non-qualified stock option to purchase 3,750 shares of the issuer's common stock at an exercise price of $2.10 per share granted to Mr. Burlend on October 1, 2014. F2 · kind: Mr. Burlend's stock option was redeemed by the issuer at the closing price on Nasdaq on September 27, 2021, for $8.23 per share for a total purchase price of $30,862.50 The issuer's purchase of this stock option was effected in the same manner as stock option purchases from all other staff of the issuer. Read SEC document |
| August 26, 2021 Filed Aug 27, 2021 21:26 UTC | VirTra, Inc VTSI · Entity 662 | GrantRestricted Stock Units · Derivative | 168,090 | Not disclosed Strike: $0.00 | Not disclosed |
DisclosureSEC source: 0001493152-21-021480 · ownership.xml · derivative · entry 2 Burlend Matthew D · CIK 0001734235 · Director · Chief Operating Officer & VP 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 168,090 Underlying: Common Stock · 168,090 shares Expires 2024-08-31 F2 · price: Mr. Burlend was awarded restricted stock units that vest upon satisfaction of tenure and performance requirements and will be settled in shares of common stock. F2 · derivative.exercise_date: Mr. Burlend was awarded restricted stock units that vest upon satisfaction of tenure and performance requirements and will be settled in shares of common stock. Read SEC document |
| August 24, 2021 Filed Aug 27, 2021 21:26 UTC | VirTra, Inc VTSI · Entity 662 | OtherCommon Stock | 10,543 | Not disclosed | Not disclosed |
DisclosureSEC source: 0001493152-21-021480 · ownership.xml · nonDerivative · entry 1 Burlend Matthew D · CIK 0001734235 · Director · Chief Operating Officer & VP 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 10,543 F1 · price: Company stock awarded based on performance milestones reached. Read SEC document |
| June 25, 2021 Filed Jun 29, 2021 21:24 UTC | VirTra, Inc VTSI · Entity 662 | OtherStock Option (right to buy) · Derivative | 3,750 | $7.82 Strike: $0.98 | $29,325.00 |
DisclosureSEC source: 0001493152-21-015597 · ownership.xml · derivative · entry 1 Burlend Matthew D · CIK 0001734235 · Director · Chief Operating Officer & VP 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 0 Underlying: Common Stock · 3,750 shares Expires 2021-07-01 F1 · security: Represents a non-qualified stock option to purchase 3,750 shares of the issuer's common stock at an exercise price of $0.98 per share granted to Mr. Burlend on July 1, 2014. F2 · kind: Mr. Burlend's stock option was redeemed by the issuer at the closing price on Nasdaq on June 25, 2021, for $7.82 per share for a total purchase price of $25,650 The issuer's purchase of this stock option was effected in the same manner as stock option purchases from all other staff of the issuer. Read SEC document |
| March 30, 2021 Filed Mar 31, 2021 20:05 UTC | VirTra, Inc VTSI · Entity 662 | OtherStock Option (right to buy) · Derivative | 3,750 | $7.97 Strike: $1.44 | $29,887.50 |
DisclosureSEC source: 0001493152-21-007442 · ownership.xml · derivative · entry 1 Burlend Matthew D · CIK 0001734235 · Director · Chief Operating Officer & VP 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 0 Underlying: Common Stock · 3,750 shares Expires 2021-04-01 F1 · security: Represents a non-qualified stock option to purchase 3,750 shares of the issuer's common stock at an exercise price of $1.442 per share granted to Mr. Burlend on April 1, 2014. F2 · kind: Mr. Burlend's stock option was redeemed by the issuer at the closing price on Nasdaq on March 30, 2021, for $7.97 per share for a total purchase price of $24,457.50 The issuer's purchase of this stock option was effected in the same manner as stock option purchases from all other staff of the issuer. Read SEC document |
| December 28, 2020 Filed Dec 30, 2020 21:05 UTC | VirTra, Inc VTSI · Entity 662 | OtherStock Option (right to buy) · Derivative | 3,750 | $3.64 Strike: $1.36 | $13,650.00 |
DisclosureSEC source: 0001493152-20-024581 · ownership.xml · derivative · entry 1 Burlend Matthew D · CIK 0001734235 · Director · Chief Operating Officer & VP 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 0 Underlying: Common Stock · 3,750 shares Expires 2021-01-02 F1 · security: Represents a non-qualified stock option to purchase 3,750 shares of the issuer's common stock at an exercise price of $1.36 per share granted to Mr. Burlend on January 2, 2014. F2 · kind: Mr. Burlend's stock option was redeemed by the issuer at the closing price on Nasdaq on December 24, 2020, for $3.64 per share for a total purchase price of $8,550.00 The issuer's purchase of this stock option was effected in the same manner as stock option purchases from all other staff of the issuer. Read SEC document |
| September 28, 2020 Filed Oct 1, 2020 01:27 UTC | VirTra, Inc VTSI · Entity 662 | OtherStock Option (right to buy) · Derivative | 3,750 | $3.75 Strike: $0.90 | $14,062.50 |
DisclosureSEC source: 0001641172-20-000004 · ownership.xml · derivative · entry 1 Burlend Matthew D · CIK 0001734235 · Director · Chief Operating Officer & VP 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 0 Underlying: Common Stock · 3,750 shares Expires 2020-10-01 F1 · security: Represents a non-qualified stock option to purchase 3,750 shares of the issuer's common stock at an exercise price of $0.90 per share granted to Mr. Burlend on October 1, 2013. F2 · kind: Mr. Burlend's stock option was redeemed by the issuer at the closing price on Nasdaq on September 28, 2020, for $3.75 per share for a total purchase price of $10,687.50. The issuer's purchase of this stock option was effected in the same manner as stock option purchases from all other staff of the issuer. Read SEC document |
| June 30, 2020 Filed Jul 3, 2020 01:05 UTC | VirTra, Inc VTSI · Entity 662 | OtherStock Option (right to buy) · Derivative | 3,750 | $3.79 Strike: $0.92 | $14,212.50 |
DisclosureSEC source: 0001493152-20-012588 · ownership.xml · derivative · entry 1 Burlend Matthew D · CIK 0001734235 · Director · Chief Operating Officer & VP 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 0 Underlying: Common Stock · 3,750 shares Expires 2020-07-01 F1 · security: Represents a non-qualified stock option to purchase 3,750 shares of the issuer's common stock at an exercise price of $0.922 per share granted to Mr. Burlend on July 1, 2013. F2 · kind: Mr. Burlend's stock option was redeemed by the issuer at the closing price on Nasdaq on June 30, 2020, for $3.79 per share for a total purchase price of $10,755. The issuer's purchase of this stock option was effected in the same manner as stock option purchases from all other staff of the issuer. Read SEC document |
| March 31, 2020 Filed Apr 1, 2020 20:22 UTC | VirTra, Inc VTSI · Entity 662 | OtherStock Option (right to buy) · Derivative | 3,750 | $2.22 Strike: $2.22 | $8,326.13 |
DisclosureSEC source: 0001493152-20-005621 · ownership.xml · derivative · entry 1 Burlend Matthew D · CIK 0001734235 · Director · Chief Operating Officer & VP 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 0 Underlying: Common Stock · 3,750 shares Expires 2020-04-01 F1 · security: Represents a non-qualified stock option to purchase 3,750 shares of the issuer's common stock at an exercise price of $0.84 per share granted to Mr. Burlend on April 1, 2013. F2 · kind: Mr. Burlend's stock option was redeemed by the issuer at a closing price on Nasdaq on March 27, 2020, for $2.2203 per share for a total purchase price of $5,176.13. The issuer's purchase of this stock option was effected in the same manner as stock option purchases from all other staff of the issuer. Read SEC document |
| December 23, 2019 Filed Dec 27, 2019 23:07 UTC | VirTra, Inc VTSI · Entity 662 | OtherStock Option (right to buy) · Derivative | 3,750 | $4.10 Strike: $4.10 | $15,375.00 |
DisclosureSEC source: 0001493152-19-019791 · ownership.xml · derivative · entry 1 Burlend Matthew D · CIK 0001734235 · Director · Chief Operating Officer & VP 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 0 Underlying: Common Stock · 3,750 shares Expires 2020-01-01 F1 · security: Represents a non-qualified stock option to purchase 3,750 shares of the issuer's common stock at an exercise price of $0.98 per share granted to Mr. Burlend on January 1, 2013. F2 · kind: Mr. Burlend's stock option was redeemed by the issuer at a closing price on Nasdaq on December 20, 2019, for $4.10 per share for a total purchase price of $11,700. The issuer's purchase of this stock option was effected in the same manner as stock option purchases from all other staff of the issuer. Read SEC document |
| September 12, 2019 Filed Sep 16, 2019 20:41 UTC | VirTra, Inc VTSI · Entity 662 | OtherStock Option (right to buy) · Derivative | 3,750 | $3.09 Strike: $3.09 | $11,587.50 |
DisclosureSEC source: 0001493152-19-014170 · ownership.xml · derivative · entry 1 Burlend Matthew D · CIK 0001734235 · Director · Chief Operating Officer & VP 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 0 Underlying: Common Stock · 3,750 shares Expires 2019-10-01 F1 · security: Represents a non-qualified stock option to purchase 3,750 shares of the issuer's common stock at an exercise price of $1.32 per share granted to Mr. Burlend on October 1, 2012. F2 · kind: Mr. Burlend's stock option was redeemed by the issuer at a closing price on Nasdaq on September 11, 2019, for $3.09 per share for a total purchase price of $6,637.50. The issuer's purchase of this stock option was effected in the same manner as stock option purchases from all other staff of the issuer. Read SEC document |
| June 27, 2019 Filed Jul 10, 2019 21:22 UTC | VirTra, Inc VTSI · Entity 662 | OtherStock Option (right to buy) · Derivative | 3,750 | $2.84 Strike: $2.84 | $10,650.00 |
DisclosureSEC source: 0001493152-19-010478 · ownership.xml · derivative · entry 1 Burlend Matthew D · CIK 0001734235 · Director · Chief Operating Officer & VP 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 0 Underlying: Common Stock · 3,750 shares Expires 2019-07-02 F1 · security: Represents a non-qualified stock option to purchase 3,750 shares of the issuer's common stock at an exercise price of $1.13 per share granted to Mr. Burlend on July 2, 2012. F2 · kind: Mr. Burlend's stock option was redeemed by the issuer at a closing price on Nasdaq on June 26, 2019, for $2.84 per share for a total purchase price of $6,412.50. The issuer's purchase of this stock option was effected in the same manner as stock option purchases from all other staff of the issuer. Read SEC document |
| April 01, 2019 Filed Apr 10, 2019 20:05 UTC | VirTra, Inc VTSI · Entity 662 | OtherStock option (right to buy) · Derivative | 3,750 | $1.40 Strike: $1.40 | $5,250.00 |
DisclosureSEC source: 0001493152-19-005113 · ownership.xml · derivative · entry 1 Burlend Matthew D · CIK 0001734235 · Director · Chief Operating Officer & VP 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 0 Underlying: Common Stock · 3,750 shares Expires 2019-04-01 F1 · security: Represents a non-qualified stock option to purchase 3,750 shares of the issuer's common stock at an exercise price of $1.40 per share granted to Mr. Burlend on April 1, 2012. F2 · kind: Rather than have this stock option exercised in the market, the issuer purchased the stock option from Mr. Burlend for cash on April 5, 2019. The issuer's purchase of this stock option was effected in the same manner as stock option purchases from all other staff of the issuer. Read SEC document |
| November 14, 2018 Filed Feb 13, 2019 23:09 UTC | VirTra, Inc VTSI · Entity 662 | OtherStock option (right to buy) · Derivative | 5,000 | $1.40 Strike: $1.40 | $7,000.00 |
DisclosureSEC source: 0001493152-19-001844 · ownership.xml · derivative · entry 2 Burlend Matthew D · CIK 0001734235 · Director · Chief Operating Officer & VP 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 0 Underlying: Common Stock · 5,000 shares Expires 2019-01-01 F3 · security: Represents a non-qualified stock option to purchase 5,000 shares of the issuer's common stock at an exercise price of $1.40 per share granted to Mr. Burlend on January 1, 2012. F4 · kind: Rather than have this stock option exercised in the market, the issuer purchased such stock options from Mr. Burlend for cash on November 14, 2018. The issuer's purchase of this stock option was effected in the same manner as stock option purchases from all other staff of the issuer. This Form 4 is being filed to report this previously unreported transaction. Read SEC document |
| June 28, 2018 Filed Feb 13, 2019 23:09 UTC | VirTra, Inc VTSI · Entity 662 | OtherStock option (right to buy) · Derivative | 5,000 | $1.88 Strike: $1.88 | $9,400.00 |
DisclosureSEC source: 0001493152-19-001844 · ownership.xml · derivative · entry 1 Burlend Matthew D · CIK 0001734235 · Director · Chief Operating Officer & VP 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 0 Underlying: Common Stock · 5,000 shares Expires 2018-07-01 F1 · security: Represents a non-qualified stock option to purchase 5,000 shares of the issuer's common stock at an exercise price of $1.88 per share granted to Mr. Burlend on July 1, 2011. F2 · kind: Rather than have this stock option exercised in the market, the issuer purchased the stock option from Mr. Burlend for cash on June 28, 2018. The issuer's purchase of this stock option was effected in the same manner as stock option purchases from all other staff of the issuer. This Form 4 is being filed to report this previously unreported transaction. Read SEC document |
Value uses the disclosed total when available, otherwise shares × reported transaction price. It is not an estimate of exercise cash cost or investment performance.