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Douglas William W III

Disclosed activity across 3 companies

Tapewire entity
32356
SEC CIK
0001294156

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Reported relationships

Latest disclosed role at each company.

CompanyLast reported asReport datePublished
DOLLAR TREE, INC.DLTR · Entity 3189DirectorJuly 01, 2026July 06, 2026
Monster Beverage CorpMNST · Entity 2931DirectorMay 13, 2026May 15, 2026
SiteOne Landscape Supply, Inc.SITE · Entity 4018DirectorMay 13, 2026May 14, 2026

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.

DOLLAR TREE, INC.

Report date July 01, 2026 · Filed July 06, 2026

Security / awardOwnership accountDisclosed shares / unitsDisclosure context
Phantom StockSEC Table II · derivative / convertible securityDirect1,238.13 Reported balance After 2026-07-01 transaction · row 1 Instrument identity requires review; Table II rows are not merged.
1 source row

Row 1 · 2026-07-01 · Grant · Acquired 1,238.13 · Balance 1,238.13

F1: Each share of phantom stock represents the right to receive one share of Dollar Tree common stock, and cash for any fractional shares.

F2: Represents deferral under the Non-Employee Director Deferred Compensation Program of the annual director equity award granted from the Issuer's shareholder approved 2021 Omnibus Incentive Plan.

F3: Shares of phantom stock are payable in common stock following the earlier of the director's separation from the Board or the specified date of distribution pursuant to the director's deferral election.

Filing footnotes · ownership attribution and instrument terms

F1: Each share of phantom stock represents the right to receive one share of Dollar Tree common stock, and cash for any fractional shares.

F2: Represents deferral under the Non-Employee Director Deferred Compensation Program of the annual director equity award granted from the Issuer's shareholder approved 2021 Omnibus Incentive Plan.

F3: Shares of phantom stock are payable in common stock following the earlier of the director's separation from the Board or the specified date of distribution pursuant to the director's deferral election.

Monster Beverage Corp

Report date May 13, 2026 · Filed May 15, 2026

Security / awardOwnership accountDisclosed shares / unitsDisclosure context
Restricted Stock UnitsSEC Table II · derivative / convertible securityDirect0 Reported balance After 2026-05-13 transaction · row 2 Instrument identity requires review; Table II rows are not merged.
1 source row

Row 2 · 2026-05-13 · Exercise / conversion · Disposed 2,748 · Balance 0

F2: Each restricted stock unit represents either (i) a contingent right to receive one share of the Company's common stock or (ii) a cash amount equal to the number of shares received as of the vesting date. These restricted stock units were settled as shares of common stock and the reporting person has elected to defer the same. See footnote 7 below.

F3: Not applicable.

Restricted Stock UnitsSEC Table II · derivative / convertible securityDirect2,039 Reported balance After 2026-05-14 transaction · row 3 Instrument identity requires review; Table II rows are not merged.
1 source row

Row 3 · 2026-05-14 · Grant · Acquired 2,039 · Balance 2,039

F4: Each restricted stock unit represents either (i) a contingent right to receive one share of the Company's common stock or (ii) a cash amount equal to the number of shares received as of the vesting date.

F5: The restricted stock units vest with respect to 100% of such restricted stock units on the last business day prior to the Company's 2027 annual stockholder meeting, provided that the reporting person continues as a director of the Company through such date.

F3: Not applicable.

Deferred Stock UnitsSEC Table II · derivative / convertible securityDirect2,748 Reported balance After 2026-05-13 transaction · row 4 Instrument identity requires review; Table II rows are not merged.
1 source row

Row 4 · 2026-05-13 · Grant · Acquired 2,748 · Balance 2,748

F6: Each deferred stock unit is economically equivalent to one share of the Company's common stock.

F7: Deferred stock units credited to the reporting person under the Monster Beverage Corporation Deferred Compensation Plan for Non-Employee Directors (the "Deferral Plan"), a sub-plan of the Monster Beverage Corporation 2017 Compensation Plan for Non-Employee Directors as Amended and Restated on February 23, 2022, which may include voluntary deferred compensation.

F2: Each restricted stock unit represents either (i) a contingent right to receive one share of the Company's common stock or (ii) a cash amount equal to the number of shares received as of the vesting date. These restricted stock units were settled as shares of common stock and the reporting person has elected to defer the same. See footnote 7 below.

F8: The deferred stock units credited under the Deferral Plan are settled (other than fractional units) in stock and are generally payable in the form elected or provided under the Deferral Plan on the earliest of: (i) a specified date or event designated by the reporting person, (ii) in the calendar year following the year in which the reporting person's service with the Board of Directors of the Company separates, or (iii) upon death, disability or change in control as defined under the Deferral Plan.

Common StockSEC Table I · non-derivativeDirect10,000 Reported balance Holding disclosure · report date 2026-05-13 · row 1 Holding and transaction disclosures are not merged.
1 source row

Row 1 · Balance 10,000

F1: No transaction is being reported at this time. This line is only reporting holdings as of the date hereof.

Filing footnotes · ownership attribution and instrument terms

F1: No transaction is being reported at this time. This line is only reporting holdings as of the date hereof.

F2: Each restricted stock unit represents either (i) a contingent right to receive one share of the Company's common stock or (ii) a cash amount equal to the number of shares received as of the vesting date. These restricted stock units were settled as shares of common stock and the reporting person has elected to defer the same. See footnote 7 below.

F3: Not applicable.

F4: Each restricted stock unit represents either (i) a contingent right to receive one share of the Company's common stock or (ii) a cash amount equal to the number of shares received as of the vesting date.

F5: The restricted stock units vest with respect to 100% of such restricted stock units on the last business day prior to the Company's 2027 annual stockholder meeting, provided that the reporting person continues as a director of the Company through such date.

F6: Each deferred stock unit is economically equivalent to one share of the Company's common stock.

F7: Deferred stock units credited to the reporting person under the Monster Beverage Corporation Deferred Compensation Plan for Non-Employee Directors (the "Deferral Plan"), a sub-plan of the Monster Beverage Corporation 2017 Compensation Plan for Non-Employee Directors as Amended and Restated on February 23, 2022, which may include voluntary deferred compensation.

F8: The deferred stock units credited under the Deferral Plan are settled (other than fractional units) in stock and are generally payable in the form elected or provided under the Deferral Plan on the earliest of: (i) a specified date or event designated by the reporting person, (ii) in the calendar year following the year in which the reporting person's service with the Board of Directors of the Company separates, or (iii) upon death, disability or change in control as defined under the Deferral Plan.

SiteOne Landscape Supply, Inc.

Report date May 13, 2026 · Filed May 14, 2026

Security / awardOwnership accountDisclosed shares / unitsDisclosure context
Common StockSEC Table I · non-derivativeDirect19,120 Reported balance After 2026-05-13 transaction · row 1 Account or security details depend on footnotes; rows are not merged.
1 source row

Row 1 · 2026-05-13 · Grant · Acquired 1,186 · Balance 19,120

F1: Represents deferred stock units granted as director fees. The deferred stock units vest in full upon the earlier of (i) the day preceding the Company's next annual meeting of stockholders and (ii) the first anniversary of May 13, 2026. Settlement is deferred until the earlier of the Reporting Person's termination of board service and a change in control of the Company.

F2: Includes deferred stock units.

Filing footnotes · ownership attribution and instrument terms

F1: Represents deferred stock units granted as director fees. The deferred stock units vest in full upon the earlier of (i) the day preceding the Company's next annual meeting of stockholders and (ii) the first anniversary of May 13, 2026. Settlement is deferred until the earlier of the Reporting Person's termination of board service and a change in control of the Company.

F2: Includes deferred stock units.

Transaction history

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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 dateCompanyActivity / securityShares / unitsReported priceReported valueDetails
July 01, 2026 Filed Jul 6, 2026 23:34 UTC DOLLAR TREE, INC. DLTR · Entity 3189 GrantPhantom Stock · Derivative 1,238.13 $121.15 $149,999.45
Disclosure

SEC source: 0000935703-26-000084 · form4.xml · derivative · entry 1

Douglas William W III · CIK 0001294156 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 1,238.13

Underlying: Common Stock · 1,238.13 shares

Expires not disclosed

F1 · derivative.exercise_price: Each share of phantom stock represents the right to receive one share of Dollar Tree common stock, and cash for any fractional shares.

F2 · shares: Represents deferral under the Non-Employee Director Deferred Compensation Program of the annual director equity award granted from the Issuer's shareholder approved 2021 Omnibus Incentive Plan.

F3 · derivative.exercise_date: Shares of phantom stock are payable in common stock following the earlier of the director's separation from the Board or the specified date of distribution pursuant to the director's deferral election.

F3 · derivative.expiration_date: Shares of phantom stock are payable in common stock following the earlier of the director's separation from the Board or the specified date of distribution pursuant to the director's deferral election.

Read SEC document
May 14, 2026 Filed May 15, 2026 22:00 UTC Monster Beverage Corp MNST · Entity 2931 GrantRestricted Stock Units · Derivative 2,039 $0.00 $0.00
Disclosure

SEC source: 0001294156-26-000003 · form4-05152026_060502.xml · derivative · entry 3

Douglas William W III · CIK 0001294156 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 2,039

Underlying: Common Stock · 2,039 shares

Expires not disclosed

F4 · derivative.exercise_price: Each restricted stock unit represents either (i) a contingent right to receive one share of the Company's common stock or (ii) a cash amount equal to the number of shares received as of the vesting date.

F5 · derivative.exercise_date: The restricted stock units vest with respect to 100% of such restricted stock units on the last business day prior to the Company's 2027 annual stockholder meeting, provided that the reporting person continues as a director of the Company through such date.

F3 · derivative.expiration_date: Not applicable.

Read SEC document
May 13, 2026 Filed May 14, 2026 23:05 UTC SiteOne Landscape Supply, Inc. SITE · Entity 4018 GrantCommon Stock 1,186 $0.00 $0.00
Disclosure

SEC source: 0001104659-26-061429 · tm2614699-2_4seq1.xml · nonDerivative · entry 1

Douglas William W III · CIK 0001294156 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 19,120

F1 · shares: Represents deferred stock units granted as director fees. The deferred stock units vest in full upon the earlier of (i) the day preceding the Company's next annual meeting of stockholders and (ii) the first anniversary of May 13, 2026. Settlement is deferred until the earlier of the Reporting Person's termination of board service and a change in control of the Company.

F2 · balance_after: Includes deferred stock units.

Read SEC document
May 13, 2026 Filed May 15, 2026 22:00 UTC Monster Beverage Corp MNST · Entity 2931 GrantDeferred Stock Units · Derivative 2,748 Not disclosed Not disclosed
Disclosure

SEC source: 0001294156-26-000003 · form4-05152026_060502.xml · derivative · entry 4

Douglas William W III · CIK 0001294156 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 2,748

Underlying: Common Stock · 2,748 shares

Expires not disclosed

F6 · derivative.exercise_price: Each deferred stock unit is economically equivalent to one share of the Company's common stock.

F7 · shares: Deferred stock units credited to the reporting person under the Monster Beverage Corporation Deferred Compensation Plan for Non-Employee Directors (the "Deferral Plan"), a sub-plan of the Monster Beverage Corporation 2017 Compensation Plan for Non-Employee Directors as Amended and Restated on February 23, 2022, which may include voluntary deferred compensation.

F2 · price: Each restricted stock unit represents either (i) a contingent right to receive one share of the Company's common stock or (ii) a cash amount equal to the number of shares received as of the vesting date. These restricted stock units were settled as shares of common stock and the reporting person has elected to defer the same. See footnote 7 below.

F7 · price: Deferred stock units credited to the reporting person under the Monster Beverage Corporation Deferred Compensation Plan for Non-Employee Directors (the "Deferral Plan"), a sub-plan of the Monster Beverage Corporation 2017 Compensation Plan for Non-Employee Directors as Amended and Restated on February 23, 2022, which may include voluntary deferred compensation.

F8 · derivative.exercise_date: The deferred stock units credited under the Deferral Plan are settled (other than fractional units) in stock and are generally payable in the form elected or provided under the Deferral Plan on the earliest of: (i) a specified date or event designated by the reporting person, (ii) in the calendar year following the year in which the reporting person's service with the Board of Directors of the Company separates, or (iii) upon death, disability or change in control as defined under the Deferral Plan.

F8 · derivative.expiration_date: The deferred stock units credited under the Deferral Plan are settled (other than fractional units) in stock and are generally payable in the form elected or provided under the Deferral Plan on the earliest of: (i) a specified date or event designated by the reporting person, (ii) in the calendar year following the year in which the reporting person's service with the Board of Directors of the Company separates, or (iii) upon death, disability or change in control as defined under the Deferral Plan.

Read SEC document
May 13, 2026 Filed May 15, 2026 22:00 UTC Monster Beverage Corp MNST · Entity 2931 Exercise / conversionRestricted Stock Units · Derivative 2,748 Not disclosed Not disclosed
Disclosure

SEC source: 0001294156-26-000003 · form4-05152026_060502.xml · derivative · entry 2

Douglas William W III · CIK 0001294156 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 0

Underlying: Common Stock · 2,748 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: Each restricted stock unit represents either (i) a contingent right to receive one share of the Company's common stock or (ii) a cash amount equal to the number of shares received as of the vesting date. These restricted stock units were settled as shares of common stock and the reporting person has elected to defer the same. See footnote 7 below.

F2 · price: Each restricted stock unit represents either (i) a contingent right to receive one share of the Company's common stock or (ii) a cash amount equal to the number of shares received as of the vesting date. These restricted stock units were settled as shares of common stock and the reporting person has elected to defer the same. See footnote 7 below.

F3 · derivative.expiration_date: Not applicable.

Read SEC document
July 01, 2025 Filed Jul 3, 2025 21:45 UTC DOLLAR TREE, INC. DLTR · Entity 3189 GrantCommon Stock 1,477 $101.50 $149,915.50
Disclosure

SEC source: 0001127602-25-018931 · form4.xml · nonDerivative · entry 1

Douglas William W III · CIK 0001294156 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 9,653

F1 · shares: Represents the annual director equity award granted from the Issuer's shareholder approved 2021 Omnibus Incentive Plan.

Read SEC document
June 12, 2025 Filed Jun 13, 2025 20:22 UTC Monster Beverage Corp MNST · Entity 2931 GrantRestricted Stock Units · Derivative 2,748 $0.00 $0.00
Disclosure

SEC source: 0000865752-25-000071 · form4.xml · derivative · entry 2

Douglas William W III · CIK 0001294156 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 2,748

Underlying: Common Stock · 2,748 shares

Expires not disclosed

F2 · derivative.exercise_price: Each restricted stock unit represents either (i) a contingent right to receive one share of the Company's common stock or (ii) a cash amount equal to the number of shares received as of the vesting date.

F3 · derivative.exercise_date: The restricted stock units vest with respect to 100% of such restricted stock units on the last business day prior to the Company's 2026 annual stockholder meeting, provided that the reporting person continues as a director of the Company through such date.

F4 · derivative.expiration_date: Not applicable.

Read SEC document
May 14, 2025 Filed May 16, 2025 20:06 UTC SiteOne Landscape Supply, Inc. SITE · Entity 4018 GrantCommon Stock 1,125 $0.00 $0.00
Disclosure

SEC source: 0001104659-25-050013 · tm2515380-5_4seq1.xml · nonDerivative · entry 1

Douglas William W III · CIK 0001294156 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 17,934

F1 · shares: Represents deferred stock units granted as director fees. The deferred stock units vest in full upon the earlier of (i) the day preceding the Company's next annual meeting of stockholders and (ii) the first anniversary of May 14, 2025. Settlement is deferred until the earlier of the Reporting Person's termination of board service and a change in control of the Company.

F2 · balance_after: Includes deferred stock units.

Read SEC document
April 03, 2025 Filed Apr 4, 2025 00:40 UTC DOLLAR TREE, INC. DLTR · Entity 3189 PurchaseCommon Stock 6,799 $68.87 $468,247.13
Disclosure

SEC source: 0001127602-25-011579 · form4.xml · nonDerivative · entry 3

Douglas William W III · CIK 0001294156 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 8,176

Read SEC document
April 02, 2025 Filed Apr 4, 2025 00:40 UTC DOLLAR TREE, INC. DLTR · Entity 3189 PurchaseCommon Stock 701 $75.00 $52,575.00
Disclosure

SEC source: 0001127602-25-011579 · form4.xml · nonDerivative · entry 2

Douglas William W III · CIK 0001294156 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 1,377

Read SEC document
April 01, 2025 Filed Apr 4, 2025 00:40 UTC DOLLAR TREE, INC. DLTR · Entity 3189 GrantCommon Stock 676 $75.34 $50,929.84
Disclosure

SEC source: 0001127602-25-011579 · form4.xml · nonDerivative · entry 1

Douglas William W III · CIK 0001294156 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 676

F1 · kind: Represents the annual director equity award granted from the Issuer's shareholder approved 2021 Omnibus Incentive Plan.

Read SEC document
May 07, 2024 Filed May 10, 2024 00:59 UTC SiteOne Landscape Supply, Inc. SITE · Entity 4018 GrantCommon Stock 865 $0.00 $0.00
Disclosure

SEC source: 0001104659-24-059539 · tm2414046-3_4seq1.xml · nonDerivative · entry 1

Douglas William W III · CIK 0001294156 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 16,809

F1 · shares: Represents deferred stock units granted as director fees. The deferred stock units vest in full upon the earlier of (i) the day preceding the Company's next annual meeting of stockholders and (ii) the first anniversary of May 7, 2024. Settlement is deferred until the earlier of the Reporting Person's termination of board service and a change in control of the Company.

F2 · balance_after: Includes deferred stock units.

Read SEC document
May 11, 2023 Filed May 15, 2023 23:52 UTC SiteOne Landscape Supply, Inc. SITE · Entity 4018 GrantCommon Stock 878 $0.00 $0.00
Disclosure

SEC source: 0001104659-23-061029 · tm2315805-10_4seq1.xml · nonDerivative · entry 1

Douglas William W III · CIK 0001294156 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 15,944

F1 · shares: Represents deferred stock units granted as director fees. The deferred stock units vest in full upon the earlier of (i) the day preceding the Company's next annual meeting of stockholders and (ii) the first anniversary of May 11, 2023. Settlement is deferred until the earlier of the Reporting Person's termination of board service and a change in control of the Company.

F2 · balance_after: Includes deferred stock units.

Read SEC document
May 11, 2022 Filed May 13, 2022 20:16 UTC SiteOne Landscape Supply, Inc. SITE · Entity 4018 GrantCommon Stock 960 $0.00 $0.00
Disclosure

SEC source: 0001104659-22-060349 · tm2215518-7_4seq1.xml · nonDerivative · entry 1

Douglas William W III · CIK 0001294156 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 15,066

F1 · shares: Represents deferred stock units granted as director fees. The deferred stock units vest in full upon the earlier of (i) the day proceeding the Company's next annual meeting of stockholders and (ii) the first anniversary of May 11, 2022. Settlement is deferred until the earlier of the reporting person's termination of board service and a change in control of the Company.

F2 · balance_after: Includes deferred stock units.

Read SEC document
May 12, 2021 Filed May 14, 2021 20:22 UTC SiteOne Landscape Supply, Inc. SITE · Entity 4018 GrantCommon Shares 668 $0.00 $0.00
Disclosure

SEC source: 0001104659-21-066891 · tm2116479-3_4.xml · nonDerivative · entry 1

Douglas William W III · CIK 0001294156 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 14,106

F1 · shares: Represents deferred share units granted as director fees. The deferred share units vest in full upon the earlier of (i) the day proceeding the Company's next annual meeting of stockholders and (ii) the first anniversary of May 12, 2021. Settlement is deferred until the earlier of the reporting person's termination of board service and a change in control of the Company.

F2 · balance_after: Includes deferred share units.

Read SEC document
May 13, 2020 Filed May 15, 2020 22:57 UTC SiteOne Landscape Supply, Inc. SITE · Entity 4018 GrantCommon Shares 1,228 $0.00 $0.00
Disclosure

SEC source: 0001104659-20-062812 · tm2019969-2_4.xml · nonDerivative · entry 1

Douglas William W III · CIK 0001294156 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 13,438

F1 · shares: Represents deferred share units granted as director fees. The deferred share units vest in full upon the earlier of (i) the day proceeding the Company's next annual meeting of stockholders and (ii) the first anniversary of May 13, 2020. Settlement is deferred until the earlier of the reporting person's termination of board service and a change in control of the Company.

F2 · balance_after: Includes deferred share units.

Read SEC document
May 15, 2019 Filed May 17, 2019 20:17 UTC SiteOne Landscape Supply, Inc. SITE · Entity 4018 GrantCommon Shares 1,589 $0.00 $0.00
Disclosure

SEC source: 0001144204-19-027055 · tv521909_4.xml · nonDerivative · entry 1

Douglas William W III · CIK 0001294156 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 12,210

F1 · shares: Represents deferred stock units granted as director fees. The deferred stock units are fully vested on grant, but settlement is deferred until the earlier of Mr. Douglas' termination of board service or a change in control of the Issuer.

F2 · balance_after: Includes deferred stock units.

Read SEC document
May 16, 2018 Filed May 18, 2018 20:09 UTC SiteOne Landscape Supply, Inc. SITE · Entity 4018 GrantCommon Shares 1,140 $0.00 $0.00
Disclosure

SEC source: 0001144204-18-029812 · tv494590_form4.xml · nonDerivative · entry 1

Douglas William W III · CIK 0001294156 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 10,621

F1 · shares: Represents deferred stock units granted as director fees. The deferred stock units are fully vested on grant, but settlement is deferred until the earlier of Mr. Douglas' termination of board service and a change in control of the Issuer.

F2 · balance_after: Includes deferred stock units.

Read SEC document
May 16, 2017 Filed Jun 1, 2017 21:07 UTC SiteOne Landscape Supply, Inc. SITE · Entity 4018 GrantCommon Shares 1,620 $0.00 $0.00
Disclosure

SEC source: 0001209191-17-036848 · doc4.xml · nonDerivative · entry 1

Douglas William W III · CIK 0001294156 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 9,481

F1 · shares: Represents deferred stock units granted as director fees. The deferred stock units are fully vested on grant, but settlement is deferred until the earlier of Mr. Douglas' termination of board service and a change in control of the Issuer.

F2 · balance_after: Includes deferred stock units.

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.