Reported relationships
Latest disclosed role at each company.
| Company | Last reported as | Report date | Published |
|---|---|---|---|
| ENTRAVISION COMMUNICATIONS CORPEVC · Entity 5176 | Director | May 28, 2026 | May 30, 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.
ENTRAVISION COMMUNICATIONS CORP
Report date May 28, 2026 · Filed May 30, 2026
| Security / award | Ownership account | Disclosed shares / units | Disclosure context |
|---|---|---|---|
| Class A common stockSEC Table I · non-derivative | Direct | 970,779 |
Reported balance
After 2026-05-28 transaction · row 1
Account or security details depend on footnotes; rows are not merged.
1 source rowRow 1 · 2026-05-28 · Grant · Acquired 16,524 · Balance 970,779 F1: Represents the grant of a restricted stock unit award that will vest in full on the earlier of: (x) May 28, 2027 or (y) the business day immediately preceding the date of the company's 2027 annual stockholder meeting. Vested shares will be delivered to the reporting person at the time such reporting person ceases being a director of the company. F2: Includes 400,740 restricted stock units and 570,039 shares of Class A common stock. |
Filing footnotes · ownership attribution and instrument terms
F1: Represents the grant of a restricted stock unit award that will vest in full on the earlier of: (x) May 28, 2027 or (y) the business day immediately preceding the date of the company's 2027 annual stockholder meeting. Vested shares will be delivered to the reporting person at the time such reporting person ceases being a director of the company.
F2: Includes 400,740 restricted stock units and 570,039 shares of Class A common stock.
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 |
|---|---|---|---|---|---|---|
| May 28, 2026 Filed May 30, 2026 00:00 UTC | ENTRAVISION COMMUNICATIONS CORP EVC · Entity 5176 | GrantClass A common stock | 16,524 | $0.00 | $0.00 |
DisclosureSEC source: 0001193125-26-249168 · ownership.xml · nonDerivative · entry 1 Vasquez Gilbert R · CIK 0001401769 · Director 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 970,779 F1 · shares: Represents the grant of a restricted stock unit award that will vest in full on the earlier of: (x) May 28, 2027 or (y) the business day immediately preceding the date of the company's 2027 annual stockholder meeting. Vested shares will be delivered to the reporting person at the time such reporting person ceases being a director of the company. F2 · balance_after: Includes 400,740 restricted stock units and 570,039 shares of Class A common stock. Read SEC document |
| May 29, 2025 Filed May 30, 2025 21:01 UTC | ENTRAVISION COMMUNICATIONS CORP EVC · Entity 5176 | GrantClass A common stock | 74,879 | $0.00 | $0.00 |
DisclosureSEC source: 0000950170-25-079829 · ownership.xml · nonDerivative · entry 1 Vasquez Gilbert R · CIK 0001401769 · Director 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 954,255 F1 · shares: Represents the grant of a restricted stock unit award that will vest in full on the earlier of: (x) May 29, 2026 or (y) the business day immediately preceding the date of the company's 2026 annual stockholder meeting. Vested shares will be delivered to the reporting person at the time such reporting person ceases being a director of the company. F2 · balance_after: Includes 384,216 restricted stock units and 570,039 shares of Class A common stock. Read SEC document |
| May 30, 2024 Filed Jun 3, 2024 20:30 UTC | ENTRAVISION COMMUNICATIONS CORP EVC · Entity 5176 | GrantClass A common stock | 71,100 | $0.00 | $0.00 |
DisclosureSEC source: 0000950170-24-068020 · ownership.xml · nonDerivative · entry 1 Vasquez Gilbert R · CIK 0001401769 · Director 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 879,376 F1 · shares: Represents the grant of a restricted stock unit award that will vest in full on the earlier of: (x) May 30, 2025 or (y) the business day immediately preceding the date of the company's 2025 annual stockholder meeting. Vested shares will be delivered to the reporting person at the time such reporting person ceases being a director of the company. F2 · balance_after: Includes 309,337 restricted stock units and 570,039 shares of Class A common stock. Read SEC document |
| June 08, 2023 Filed Jun 10, 2023 00:09 UTC | ENTRAVISION COMMUNICATIONS CORP NYSE:EVC · Entity 5176 | GrantClass A common stock | 33,262 | $0.00 | $0.00 |
DisclosureSEC source: 0001209191-23-036095 · doc4.xml · nonDerivative · entry 1 Vasquez Gilbert R · CIK 0001401769 · Director 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 808,276 F1 · shares: Represents the grant of a restricted stock unit award that will vest in full on the earlier of: (x) June 8, 2024 or (y) the business day immediately preceding the date of the company's 2024 annual stockholder meeting. Vested shares will be delivered to the reporting person at the time such reporting person ceases being a director of the company. F2 · balance_after: Includes 238,237 restricted stock units and 570,039 shares of Class A common stock. Read SEC document |
| May 26, 2022 Filed May 31, 2022 21:00 UTC | ENTRAVISION COMMUNICATIONS CORP NYSE:EVC · Entity 5176 | GrantClass A common stock | 24,366 | $0.00 | $0.00 |
DisclosureSEC source: 0001209191-22-032871 · doc4.xml · nonDerivative · entry 1 Vasquez Gilbert R · CIK 0001401769 · Director 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 775,014 F1 · shares: Represents the grant of a restricted stock unit award that will vest in full on the earlier of: (x) May 26, 2023 or (y) the business day immediately preceding the date of the company's 2023 annual stockholder meeting. Vested shares will be delivered to the reporting person at the time such reporting person ceases being a director of the company. F2 · balance_after: Includes 204,975 restricted stock units and 570,039 shares of Class A common stock. Read SEC document |
| August 20, 2021 Filed Aug 24, 2021 20:31 UTC | ENTRAVISION COMMUNICATIONS CORP NYSE:EVC · Entity 5176 | PurchaseClass A common stock | 20,000 | $6.60 | $132,000.00 |
DisclosureSEC source: 0001209191-21-053124 · doc4.xml · nonDerivative · entry 1 Vasquez Gilbert R · CIK 0001401769 · Director 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 750,648 F1 · balance_after: Includes 180,609 restricted stock units and 570,039 shares of Class A common stock. Read SEC document |
| August 13, 2021 Filed Aug 16, 2021 21:00 UTC | ENTRAVISION COMMUNICATIONS CORP NYSE:EVC · Entity 5176 | Exercise / conversionStock option (right to buy) · Derivative | 50,000 | $0.00 Strike: $4.83 | $0.00 |
DisclosureSEC source: 0001209191-21-051639 · doc4.xml · derivative · entry 2 Vasquez Gilbert R · CIK 0001401769 · Director 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 0 Underlying: Class A common stock · 50,000 shares Expires 2023-05-30 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 an exercise of stock options and hold of underlying shares. Read SEC document |
| August 13, 2021 Filed Aug 16, 2021 21:00 UTC | ENTRAVISION COMMUNICATIONS CORP NYSE:EVC · Entity 5176 | Exercise / conversionClass A common stock | 50,000 | $4.83 | $241,500.00 |
DisclosureSEC source: 0001209191-21-051639 · doc4.xml · nonDerivative · entry 1 Vasquez Gilbert R · CIK 0001401769 · Director 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 730,648 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 an exercise of stock options and hold of underlying shares. F2 · balance_after: Includes 180,609 restricted stock units and 550,039 shares of Class A common stock. Read SEC document |
| May 27, 2021 Filed Jun 1, 2021 20:40 UTC | ENTRAVISION COMMUNICATIONS CORP NYSE:EVC · Entity 5176 | GrantClass A common stock | 17,058 | $0.00 | $0.00 |
DisclosureSEC source: 0001209191-21-036860 · doc4.xml · nonDerivative · entry 1 Vasquez Gilbert R · CIK 0001401769 · Director 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 680,648 F1 · shares: Represents the grant of a restricted stock unit award that will vest in full on the earlier of: (x) May 27, 2022 or (y) the business day immediately preceding the date of the company's 2022 annual stockholder meeting. Vested shares will be delivered to the reporting person at the time such reporting person ceases being a director of the company. F2 · balance_after: Includes 180,609 restricted stock units and 500,039 shares of Class A common stock. Read SEC document |
| November 12, 2020 Filed Nov 16, 2020 11:05 UTC | ENTRAVISION COMMUNICATIONS CORP NYSE:EVC · Entity 5176 | PurchaseClass A common stock | 50,000 | $2.55 | $127,500.00 |
DisclosureSEC source: 0001209191-20-058420 · doc4.xml · nonDerivative · entry 1 Vasquez Gilbert R · CIK 0001401769 · Director 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 663,590 F1 · balance_after: Includes 163,551 restricted stock units and 500,039 shares of Class A common stock. Read SEC document |
| May 28, 2020 Filed May 30, 2020 00:56 UTC | ENTRAVISION COMMUNICATIONS CORP NYSE:EVC · Entity 5176 | GrantClass A common stock | 47,904 | $0.00 | $0.00 |
DisclosureSEC source: 0001209191-20-033086 · doc4.xml · nonDerivative · entry 1 Vasquez Gilbert R · CIK 0001401769 · Director 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 613,590 F1 · shares: Represents the grant of a restricted stock unit award that will vest in full on the earlier of: (x) May 28, 2021 or (y) the business day immediately preceding the date of the company's 2021 annual stockholder meeting. Vested shares will be delivered to the reporting person at the time such reporting person ceases being a director of the company. F2 · balance_after: Includes 163,551 restricted stock units and 450,039 shares of Class A common stock. Read SEC document |
| March 11, 2020 Filed Mar 13, 2020 01:31 UTC | ENTRAVISION COMMUNICATIONS CORP NYSE:EVC · Entity 5176 | PurchaseClass A common stock | 33,000 | $2.09 | $68,970.00 |
DisclosureSEC source: 0001209191-20-018667 · doc4.xml · nonDerivative · entry 2 Vasquez Gilbert R · CIK 0001401769 · Director 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 565,686 F3 · price: The reported price is a weighted average price. These shares were acquired in multiple transactions at prices ranging from $1.99 to $2.18 per share, inclusive. The reporting person undertakes to provide the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth above. F4 · balance_after: Includes 115,647 restricted stock units and 450,039 shares of Class A common stock. Read SEC document |
| March 10, 2020 Filed Mar 13, 2020 01:31 UTC | ENTRAVISION COMMUNICATIONS CORP NYSE:EVC · Entity 5176 | PurchaseClass A common stock | 25,300 | $2.09 | $52,877.00 |
DisclosureSEC source: 0001209191-20-018667 · doc4.xml · nonDerivative · entry 1 Vasquez Gilbert R · CIK 0001401769 · Director 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 532,686 F1 · price: The reported price is a weighted average price. These shares were acquired in multiple transactions at prices ranging from $2.07 to $2.10 per share, inclusive. The reporting person undertakes to provide the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth above. F2 · balance_after: Includes 115,647 restricted stock units and 417,039 shares of Class A common stock. Read SEC document |
| November 25, 2019 Filed Nov 27, 2019 21:15 UTC | ENTRAVISION COMMUNICATIONS CORP NYSE:EVC · Entity 5176 | PurchaseClass A common stock | 6,000 | $2.83 | $16,980.00 |
DisclosureSEC source: 0001209191-19-058333 · doc4.xml · nonDerivative · entry 1 Vasquez Gilbert R · CIK 0001401769 · Director 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 507,386 F1 · balance_after: Includes 115,647 restricted stock units and 391,739 shares of Class A common stock Read SEC document |
| November 21, 2019 Filed Nov 21, 2019 22:13 UTC | ENTRAVISION COMMUNICATIONS CORP NYSE:EVC · Entity 5176 | PurchaseClass A common stock | 11,916 | $2.59 | $30,862.44 |
DisclosureSEC source: 0001209191-19-057631 · doc4.xml · nonDerivative · entry 3 Vasquez Gilbert R · CIK 0001401769 · Director 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 501,386 F4 · balance_after: Includes 115,647 restricted stock units and 385,739 shares of Class A common stock. Read SEC document |
| November 20, 2019 Filed Nov 21, 2019 22:13 UTC | ENTRAVISION COMMUNICATIONS CORP NYSE:EVC · Entity 5176 | PurchaseClass A common stock | 12,000 | $2.67 | $32,040.00 |
DisclosureSEC source: 0001209191-19-057631 · doc4.xml · nonDerivative · entry 2 Vasquez Gilbert R · CIK 0001401769 · Director 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 489,470 F3 · balance_after: Includes 115,647 restricted stock units and 373,823 shares of Class A common stock. Read SEC document |
| November 19, 2019 Filed Nov 21, 2019 22:13 UTC | ENTRAVISION COMMUNICATIONS CORP NYSE:EVC · Entity 5176 | PurchaseClass A common stock | 21,823 | $2.58 | $56,303.34 |
DisclosureSEC source: 0001209191-19-057631 · doc4.xml · nonDerivative · entry 1 Vasquez Gilbert R · CIK 0001401769 · Director 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 477,470 F1 · price: The reported price is a weighted average price. These shares were acquired in multiple transactions at prices ranging from $2.57 to $2.59 per share, inclusive. The reporting person undertakes to provide the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth above. F2 · balance_after: Includes 115,647 restricted stock units and 361,823 shares of Class A common stock. Read SEC document |
| May 30, 2019 Filed May 31, 2019 22:57 UTC | ENTRAVISION COMMUNICATIONS CORP NYSE:EVC · Entity 5176 | GrantClass A common stock | 25,478 | $0.00 | $0.00 |
DisclosureSEC source: 0001209191-19-033749 · doc4.xml · nonDerivative · entry 2 Vasquez Gilbert R · CIK 0001401769 · Director 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 455,647 F2 · shares: Represents the grant of a restricted stock unit award that will vest in full on the earlier of: (x) May 30, 2020 or (y) the business day immediately preceding the date of the company's 2020 annual stockholder meeting. Vested shares will be delivered to the reporting person at the time such reporting person ceases being a director of the company. F3 · balance_after: Includes 115,647 restricted stock units and 340,000 shares of Class A common stock. Read SEC document |
| May 29, 2019 Filed May 31, 2019 22:57 UTC | ENTRAVISION COMMUNICATIONS CORP NYSE:EVC · Entity 5176 | PurchaseClass A common stock | 15,000 | $3.25 | $48,750.00 |
DisclosureSEC source: 0001209191-19-033749 · doc4.xml · nonDerivative · entry 1 Vasquez Gilbert R · CIK 0001401769 · Director 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 430,169 F1 · balance_after: Includes 90,169 restricted stock units and 340,000 shares of Class A common stock. Read SEC document |
| May 20, 2019 Filed May 21, 2019 00:41 UTC | ENTRAVISION COMMUNICATIONS CORP NYSE:EVC · Entity 5176 | PurchaseClass A common stock | 100,000 | $3.07 | $307,000.00 |
DisclosureSEC source: 0001209191-19-031575 · doc4.xml · nonDerivative · entry 1 Vasquez Gilbert R · CIK 0001401769 · Director 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 415,169 Read SEC document |
| November 19, 2018 Filed Nov 20, 2018 22:03 UTC | ENTRAVISION COMMUNICATIONS CORP NYSE:EVC · Entity 5176 | Exercise / conversionStock option (right to buy) · Derivative | 50,000 | $2.87 Strike: $2.87 | $143,500.00 |
DisclosureSEC source: 0001209191-18-059454 · doc4.xml · derivative · entry 2 Vasquez Gilbert R · CIK 0001401769 · Director 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 315,169 Underlying: Class A common stock · 50,000 shares Expires 2020-05-27 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 an exercise of stock options and hold of underlying shares. F2 · balance_after: Includes 90,169 restricted stock units and 225,000 shares of Class A common stock. Read SEC document |
| November 19, 2018 Filed Nov 20, 2018 22:03 UTC | ENTRAVISION COMMUNICATIONS CORP NYSE:EVC · Entity 5176 | Exercise / conversionClass A common stock | 50,000 | $2.87 | $143,500.00 |
DisclosureSEC source: 0001209191-18-059454 · doc4.xml · nonDerivative · entry 1 Vasquez Gilbert R · CIK 0001401769 · Director 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 315,169 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 an exercise of stock options and hold of underlying shares. F2 · balance_after: Includes 90,169 restricted stock units and 225,000 shares of Class A common stock. Read SEC document |
| May 31, 2018 Filed Jun 1, 2018 23:54 UTC | ENTRAVISION COMMUNICATIONS CORP NYSE:EVC · Entity 5176 | GrantClass A common stock | 20,000 | $0.00 | $0.00 |
DisclosureSEC source: 0001209191-18-034871 · doc4.xml · nonDerivative · entry 1 Vasquez Gilbert R · CIK 0001401769 · Director 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 265,169 F1 · shares: Represent the grant of a restricted stock unit award that will vest in full on the earlier of: (x) May 31, 2019 or (y) the business day immediately preceding the date of the company's 2019 annual stockholder meeting. Vested shares will be delivered to the reporting person at the time such reporting person ceases being a director of the company. F2 · balance_after: Includes 90,169 restricted stock units and 175,000 shares of Class A common stock. Read SEC document |
| May 15, 2018 Filed May 17, 2018 20:52 UTC | ENTRAVISION COMMUNICATIONS CORP NYSE:EVC · Entity 5176 | Exercise / conversionStock option (right to buy) · Derivative | 50,000 | $2.11 Strike: $2.11 | $105,500.00 |
DisclosureSEC source: 0001209191-18-031008 · doc4.xml · derivative · entry 2 Vasquez Gilbert R · CIK 0001401769 · Director 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 245,169 Underlying: Class A common stock · 50,000 shares Expires 2021-05-26 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 an exercise of stock options and hold of underlying shares. F2 · balance_after: Consists of 70,169 restricted stock units and 175,000 shares of Class A common stock. Read SEC document |
| May 15, 2018 Filed May 17, 2018 20:52 UTC | ENTRAVISION COMMUNICATIONS CORP NYSE:EVC · Entity 5176 | Exercise / conversionClass A common stock | 50,000 | $2.11 | $105,500.00 |
DisclosureSEC source: 0001209191-18-031008 · doc4.xml · nonDerivative · entry 1 Vasquez Gilbert R · CIK 0001401769 · Director 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 245,169 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 an exercise of stock options and hold of underlying shares. F2 · balance_after: Consists of 70,169 restricted stock units and 175,000 shares of Class A common stock. Read SEC document |
| August 15, 2017 Filed Aug 16, 2017 22:00 UTC | ENTRAVISION COMMUNICATIONS CORP NYSE:EVC · Entity 5176 | Exercise / conversionStock option (right to buy) · Derivative | 50,000 | $1.34 Strike: $1.34 | $67,000.00 |
DisclosureSEC source: 0001209191-17-049272 · doc4.xml · derivative · entry 2 Vasquez Gilbert R · CIK 0001401769 · Director 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 195,169 Underlying: Class A common stock · 50,000 shares Expires 2022-05-31 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 an exercise of stock options and hold of underlying shares. F2 · balance_after: Consists of 70,169 restricted stock units and 125,000 shares of Class A common stock. Read SEC document |
| August 15, 2017 Filed Aug 16, 2017 22:00 UTC | ENTRAVISION COMMUNICATIONS CORP NYSE:EVC · Entity 5176 | Exercise / conversionClass A common stock | 50,000 | $1.34 | $67,000.00 |
DisclosureSEC source: 0001209191-17-049272 · doc4.xml · nonDerivative · entry 1 Vasquez Gilbert R · CIK 0001401769 · Director 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 195,169 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 an exercise of stock options and hold of underlying shares. F2 · balance_after: Consists of 70,169 restricted stock units and 125,000 shares of Class A common stock. Read SEC document |
| May 25, 2017 Filed May 26, 2017 21:05 UTC | ENTRAVISION COMMUNICATIONS CORP NYSE:EVC · Entity 5176 | GrantClass A common stock | 12,173 | $0.00 | $0.00 |
DisclosureSEC source: 0001209191-17-035920 · doc4.xml · nonDerivative · entry 1 Vasquez Gilbert R · CIK 0001401769 · Director 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 145,169 F1 · shares: Represents the grant of a restricted stock unit award that will vest in full on the earlier of: (x) May 25, 2018 or (y) the business day immediately preceding the date of the company's 2018 annual stockholder meeting. Vested shares will be delivered to the reporting person at the time such reporting person ceases being a director of the company. F2 · balance_after: Includes 70,169 restricted stock units and 75,000 shares of Class A common stock. 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.