Reported relationships
Latest disclosed role at each company.
| Company | Last reported as | Report date | Published |
|---|---|---|---|
| Bark, Inc.BARK · Entity 6772 | Director | August 20, 2025 | August 22, 2025 |
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.
Bark, Inc.
Report date August 20, 2025 · Filed August 22, 2025
| Security / award | Ownership account | Disclosed shares / units | Disclosure context |
|---|---|---|---|
| Common StockSEC Table I · non-derivative | Direct | 656,913 |
Reported balance
After 2025-08-20 transaction · row 1
1 source rowRow 1 · 2025-08-20 · Grant · Acquired 185,139 · Balance 656,913 F1: The Reporting Person was granted restricted stock units ("RSUs"), which represent a contingent right to receive one share of Common Stock for each RSU. The RSUs are subject to a service-based vesting requirement, which shall vest 100% on the first year anniversary of the date of grant, or, at the Reporting Person's sole discretion, such later date on which the Reporting Person ceases to serve as a director of Issuer. |
Filing footnotes · ownership attribution and instrument terms
F1: The Reporting Person was granted restricted stock units ("RSUs"), which represent a contingent right to receive one share of Common Stock for each RSU. The RSUs are subject to a service-based vesting requirement, which shall vest 100% on the first year anniversary of the date of grant, or, at the Reporting Person's sole discretion, such later date on which the Reporting Person ceases to serve as a director of Issuer.
Past disclosures · reporting ended (1)
No longer tracked through insider filings. These historical balances do not imply present ownership or a zero position.
Hostess Brands, Inc.
Report date November 07, 2023 · Filed November 07, 2023
Section 16 reporting ended · disclosed 2023-11-07. Current position is not established by this disclosure.
| Security / award | Ownership account | Disclosed shares / units | Disclosure context |
|---|---|---|---|
| Class A Common Stock, par value $0.0001 per shareSEC Table I · non-derivative | Direct | 0 |
Ending reported balance
After 2023-11-07 transaction · row 2
2 source rows · reconciled sequenceRow 1 · 2023-11-07 · Disposition to issuer · Disposed 10,000 · Balance 48,258 F1: Pursuant to the terms of that certain Agreement and Plan of Merger, by and among Hostess Brands, Inc. (the "Company"), The J. M. Smucker Company ("Smucker"), and SSF Holdings, Inc. (the "Purchaser"), dated September 10, 2023 (the "Merger Agreement"), on November 7, 2023, Purchaser completed an exchange offer (the "Offer") to purchase any and all of the issued and outstanding shares of the Company's Class A Common Stock, par value $0.0001 per share (the "Company Common Stock"), in exchange for (i) $30.00 in cash (the "Cash Consideration") and (ii) 0.03002 Smucker common shares, no par value (the "Stock Consideration" and, together with the Cash Consideration, the "Offer Consideration"), plus cash in lieu of fractional shares, in each case, without interest. Thereafter, on November 7, 2023, in accordance with the terms of the Merger Agreement, the Purchaser merged with and into the Company, F2: (Continued from Footnote 1) with the Company continuing as the surviving corporation and becoming a direct, wholly owned subsidiary of Smucker (the "Merger"). The disposition of the securities by the Reporting Person in the Offer and the Merger was approved by the Company's board of directors in the manner contemplated by Rule 16b-3 under the Securities Exchange Act of 1934, as amended. F3: The Reporting Person tendered in the Offer 10,000 shares of Company Common Stock and received Offer Consideration of (i) $300,000 in Cash Consideration and (ii) 300 shares of Smucker Common Shares in Stock Consideration, plus cash in lieu of fractional shares, in each case, without interest. Row 2 · 2023-11-07 · Disposition to issuer · Disposed 48,258 · Balance 0 F1: Pursuant to the terms of that certain Agreement and Plan of Merger, by and among Hostess Brands, Inc. (the "Company"), The J. M. Smucker Company ("Smucker"), and SSF Holdings, Inc. (the "Purchaser"), dated September 10, 2023 (the "Merger Agreement"), on November 7, 2023, Purchaser completed an exchange offer (the "Offer") to purchase any and all of the issued and outstanding shares of the Company's Class A Common Stock, par value $0.0001 per share (the "Company Common Stock"), in exchange for (i) $30.00 in cash (the "Cash Consideration") and (ii) 0.03002 Smucker common shares, no par value (the "Stock Consideration" and, together with the Cash Consideration, the "Offer Consideration"), plus cash in lieu of fractional shares, in each case, without interest. Thereafter, on November 7, 2023, in accordance with the terms of the Merger Agreement, the Purchaser merged with and into the Company, F2: (Continued from Footnote 1) with the Company continuing as the surviving corporation and becoming a direct, wholly owned subsidiary of Smucker (the "Merger"). The disposition of the securities by the Reporting Person in the Offer and the Merger was approved by the Company's board of directors in the manner contemplated by Rule 16b-3 under the Securities Exchange Act of 1934, as amended. F4: Includes (i) 5,210 outstanding restricted stock units ("RSUs") and (ii) 43,048 shares of fully vested RSUs representing the right to receive an equivalent number of shares of Company Common Stock (the "Deferred Stock"). F5: Upon consummation of the Merger, under the terms of the Merger Agreement, each RSU and all Deferred Stock was cancelled in exchange for a cash payment, determined by multiplying (x) the aggregate number of shares of Company Common Stock underlying the RSUs and Deferred Stock, by (y) the Merger Consideration Value (as defined in the Merger Agreement) (the "Equity Award Consideration"). Upon the closing of the Merger, the Reporting Person received Equity Award Consideration of $1,612,005.41. |
Filing footnotes · ownership attribution and instrument terms
F1: Pursuant to the terms of that certain Agreement and Plan of Merger, by and among Hostess Brands, Inc. (the "Company"), The J. M. Smucker Company ("Smucker"), and SSF Holdings, Inc. (the "Purchaser"), dated September 10, 2023 (the "Merger Agreement"), on November 7, 2023, Purchaser completed an exchange offer (the "Offer") to purchase any and all of the issued and outstanding shares of the Company's Class A Common Stock, par value $0.0001 per share (the "Company Common Stock"), in exchange for (i) $30.00 in cash (the "Cash Consideration") and (ii) 0.03002 Smucker common shares, no par value (the "Stock Consideration" and, together with the Cash Consideration, the "Offer Consideration"), plus cash in lieu of fractional shares, in each case, without interest. Thereafter, on November 7, 2023, in accordance with the terms of the Merger Agreement, the Purchaser merged with and into the Company,
F2: (Continued from Footnote 1) with the Company continuing as the surviving corporation and becoming a direct, wholly owned subsidiary of Smucker (the "Merger"). The disposition of the securities by the Reporting Person in the Offer and the Merger was approved by the Company's board of directors in the manner contemplated by Rule 16b-3 under the Securities Exchange Act of 1934, as amended.
F3: The Reporting Person tendered in the Offer 10,000 shares of Company Common Stock and received Offer Consideration of (i) $300,000 in Cash Consideration and (ii) 300 shares of Smucker Common Shares in Stock Consideration, plus cash in lieu of fractional shares, in each case, without interest.
F4: Includes (i) 5,210 outstanding restricted stock units ("RSUs") and (ii) 43,048 shares of fully vested RSUs representing the right to receive an equivalent number of shares of Company Common Stock (the "Deferred Stock").
F5: Upon consummation of the Merger, under the terms of the Merger Agreement, each RSU and all Deferred Stock was cancelled in exchange for a cash payment, determined by multiplying (x) the aggregate number of shares of Company Common Stock underlying the RSUs and Deferred Stock, by (y) the Merger Consideration Value (as defined in the Merger Agreement) (the "Equity Award Consideration"). Upon the closing of the Merger, the Reporting Person received Equity Award Consideration of $1,612,005.41.
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 |
|---|---|---|---|---|---|---|
| August 20, 2025 Filed Aug 22, 2025 16:18 UTC | Bark, Inc. BARK · Entity 6772 | GrantCommon Stock | 185,139 | $0.00 | $0.00 |
DisclosureSEC source: 0001466869-25-000003 · wk-form4_1755893882.xml · nonDerivative · entry 1 BODNER LARRY E · CIK 0001466869 · Director 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 656,913 F1 · shares: The Reporting Person was granted restricted stock units ("RSUs"), which represent a contingent right to receive one share of Common Stock for each RSU. The RSUs are subject to a service-based vesting requirement, which shall vest 100% on the first year anniversary of the date of grant, or, at the Reporting Person's sole discretion, such later date on which the Reporting Person ceases to serve as a director of Issuer. Read SEC document |
| October 21, 2024 Filed Oct 22, 2024 18:54 UTC | Bark, Inc. BARK · Entity 6772 | GrantCommon Stock | 96,774 | $0.00 | $0.00 |
DisclosureSEC source: 0001466869-24-000002 · wk-form4_1729637652.xml · nonDerivative · entry 1 BODNER LARRY E · CIK 0001466869 · Director 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 471,774 F1 · shares: The Reporting Person was granted restricted stock units ("RSUs"), which represent a contingent right to receive one share of Common Stock for each RSU. The RSUs are subject to a service-based vesting requirement, which shall vest 100% on the first year anniversary of the date of grant, or, at the Reporting Person's sole discretion, such later date on which the Reporting Person ceases to serve as a director of Issuer. Read SEC document |
| November 17, 2023 Filed Nov 20, 2023 16:24 UTC | Bark, Inc. BARK · Entity 6772 | GrantCommon Stock | 147,727 | $0.00 | $0.00 |
DisclosureSEC source: 0001466869-23-000006 · wk-form4_1700515457.xml · nonDerivative · entry 1 BODNER LARRY E · CIK 0001466869 · Director 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 375,000 F1 · kind: The Reporting Person was granted restricted stock units ("RSUs"), which represent a contingent right to receive one share of Common Stock for each RSU. The RSUs are subject to a service-based vesting requirement, which shall vest 100% on the first year anniversary of the date of grant, or, at the Reporting Person's sole discretion, such later date on which the Reporting Person ceases to serve as a director of Issuer. Read SEC document |
| November 09, 2023 Filed Nov 14, 2023 20:00 UTC | Bark, Inc. BARK · Entity 6772 | GrantCommon Stock | 227,273 | $0.00 | $0.00 |
DisclosureSEC source: 0000905148-23-001453 · form4.xml · nonDerivative · entry 1 BODNER LARRY E · CIK 0001466869 · Director 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 227,273 F1 · acquired: The Reporting Person was granted restricted stock units ("RSUs"), which represent a contingent right to receive one share of Common Stock for each RSU. The RSUs are subject to a service-based vesting requirement, which shall vest 100% on the first year anniversary of the date of grant, or, at the Reporting Person's sole discretion, such later date on which the Reporting Person ceases to serve as a director of the Issuer. Read SEC document |
| November 07, 2023 Filed Nov 7, 2023 18:38 UTC | Hostess Brands, Inc. TWNK · Entity 108488 | Disposition to issuerClass A Common Stock, par value $0.0001 per share | 48,258 | Not disclosed | Not disclosed |
DisclosureSEC source: 0000899243-23-020204 · doc4.xml · nonDerivative · entry 2 BODNER LARRY E · CIK 0001466869 · Director 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 0 F1 · shares: Pursuant to the terms of that certain Agreement and Plan of Merger, by and among Hostess Brands, Inc. (the "Company"), The J. M. Smucker Company ("Smucker"), and SSF Holdings, Inc. (the "Purchaser"), dated September 10, 2023 (the "Merger Agreement"), on November 7, 2023, Purchaser completed an exchange offer (the "Offer") to purchase any and all of the issued and outstanding shares of the Company's Class A Common Stock, par value $0.0001 per share (the "Company Common Stock"), in exchange for (i) $30.00 in cash (the "Cash Consideration") and (ii) 0.03002 Smucker common shares, no par value (the "Stock Consideration" and, together with the Cash Consideration, the "Offer Consideration"), plus cash in lieu of fractional shares, in each case, without interest. Thereafter, on November 7, 2023, in accordance with the terms of the Merger Agreement, the Purchaser merged with and into the Company, F2 · shares: (Continued from Footnote 1) with the Company continuing as the surviving corporation and becoming a direct, wholly owned subsidiary of Smucker (the "Merger"). The disposition of the securities by the Reporting Person in the Offer and the Merger was approved by the Company's board of directors in the manner contemplated by Rule 16b-3 under the Securities Exchange Act of 1934, as amended. F4 · shares: Includes (i) 5,210 outstanding restricted stock units ("RSUs") and (ii) 43,048 shares of fully vested RSUs representing the right to receive an equivalent number of shares of Company Common Stock (the "Deferred Stock"). F5 · price: Upon consummation of the Merger, under the terms of the Merger Agreement, each RSU and all Deferred Stock was cancelled in exchange for a cash payment, determined by multiplying (x) the aggregate number of shares of Company Common Stock underlying the RSUs and Deferred Stock, by (y) the Merger Consideration Value (as defined in the Merger Agreement) (the "Equity Award Consideration"). Upon the closing of the Merger, the Reporting Person received Equity Award Consideration of $1,612,005.41. Read SEC document |
| November 07, 2023 Filed Nov 7, 2023 18:38 UTC | Hostess Brands, Inc. TWNK · Entity 108488 | Disposition to issuerClass A Common Stock, par value $0.0001 per share | 10,000 | Not disclosed | Not disclosed |
DisclosureSEC source: 0000899243-23-020204 · doc4.xml · nonDerivative · entry 1 BODNER LARRY E · CIK 0001466869 · Director 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 48,258 F1 · shares: Pursuant to the terms of that certain Agreement and Plan of Merger, by and among Hostess Brands, Inc. (the "Company"), The J. M. Smucker Company ("Smucker"), and SSF Holdings, Inc. (the "Purchaser"), dated September 10, 2023 (the "Merger Agreement"), on November 7, 2023, Purchaser completed an exchange offer (the "Offer") to purchase any and all of the issued and outstanding shares of the Company's Class A Common Stock, par value $0.0001 per share (the "Company Common Stock"), in exchange for (i) $30.00 in cash (the "Cash Consideration") and (ii) 0.03002 Smucker common shares, no par value (the "Stock Consideration" and, together with the Cash Consideration, the "Offer Consideration"), plus cash in lieu of fractional shares, in each case, without interest. Thereafter, on November 7, 2023, in accordance with the terms of the Merger Agreement, the Purchaser merged with and into the Company, F2 · shares: (Continued from Footnote 1) with the Company continuing as the surviving corporation and becoming a direct, wholly owned subsidiary of Smucker (the "Merger"). The disposition of the securities by the Reporting Person in the Offer and the Merger was approved by the Company's board of directors in the manner contemplated by Rule 16b-3 under the Securities Exchange Act of 1934, as amended. F3 · shares: The Reporting Person tendered in the Offer 10,000 shares of Company Common Stock and received Offer Consideration of (i) $300,000 in Cash Consideration and (ii) 300 shares of Smucker Common Shares in Stock Consideration, plus cash in lieu of fractional shares, in each case, without interest. F3 · price: The Reporting Person tendered in the Offer 10,000 shares of Company Common Stock and received Offer Consideration of (i) $300,000 in Cash Consideration and (ii) 300 shares of Smucker Common Shares in Stock Consideration, plus cash in lieu of fractional shares, in each case, without interest. Read SEC document |
| June 06, 2023 Filed Jun 8, 2023 16:42 UTC | Hostess Brands, Inc. TWNK · Entity 108488 | GrantClass A Common Stock, par value $0.0001 per share | 5,210 | $0.00 | $0.00 |
DisclosureSEC source: 0001466869-23-000002 · wk-form4_1686256931.xml · nonDerivative · entry 1 BODNER LARRY E · CIK 0001466869 · Director 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 58,258 F1 · security: Consists of a grant of restricted stock units. Each restricted stock unit represents the right to receive one share of Class A common stock of Hostess Brands, Inc. (the "Company"). These restricted stock units will vest upon the first to occur of (i) the 2024 Annual Stockholders Meeting, (ii) 15 months after the date of grant, (iii) the death or disability of the director, or (iv) a change of control of the Company, in each case, subject to continued service until such vesting date, and shall be settled upon the director's termination of Board service or if earlier, a change of control of the Company. Read SEC document |
| June 08, 2022 Filed Jun 10, 2022 17:05 UTC | Hostess Brands, Inc. TWNK · Entity 108488 | GrantClass A Common Stock, par value $0.0001 per share | 4,900 | $0.00 | $0.00 |
DisclosureSEC source: 0001466869-22-000002 · wf-form4_165489513907600.xml · nonDerivative · entry 1 BODNER LARRY E · CIK 0001466869 · Director 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 53,048 F1 · security: Consists of a grant of restricted stock units. Each restricted stock unit represents the right to receive one share of Class A common stock of Hostess Brands, Inc. (the "Company"). These restricted stock units will vest upon the first to occur of (i) the 2023 Annual Meeting, (ii) 15 months after the date of grant, (iii) the death or disability of the director, or (iv) a change of control of the Company, in each case, subject to continued service until such vesting date, and shall be settled upon the director's termination of Board service or if earlier, a change of control of the Company. Read SEC document |
| June 30, 2021 Filed Jul 2, 2021 16:37 UTC | Hostess Brands, Inc. TWNK · Entity 108488 | GrantClass A Common Stock, par value $0.0001 per share | 6,455 | $0.00 | $0.00 |
DisclosureSEC source: 0001466869-21-000002 · wf-form4_162525819608526.xml · nonDerivative · entry 1 BODNER LARRY E · CIK 0001466869 · Director 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 48,148 F1 · security: Consists of a grant of restricted stock units. Each restricted stock unit represents the right to receive one share of Class A common stock of Hostess Brands, Inc. (the "Company"). These restricted stock units will vest upon the first to occur of (i) the Company's 2022 annual stockholders' meeting, (ii) 15 months after the date of grant, (iii) the death or disability of the reporting person, or (iv) a change of control of the Company, in each case, subject to continued service until such vesting date, and will be settled upon the reporting person's termination of Board service or if earlier, a change of control of the Company. Read SEC document |
| June 04, 2020 Filed Jun 8, 2020 18:00 UTC | Hostess Brands, Inc. TWNK · Entity 108488 | GrantClass A Common Stock, par value $0.0001 per share | 8,000 | $0.00 | $0.00 |
DisclosureSEC source: 0001466869-20-000002 · wf-form4_159165360575595.xml · nonDerivative · entry 1 BODNER LARRY E · CIK 0001466869 · Director 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 41,693 F1 · security: Consists of a grant of restricted stock units. Each restricted stock unit represents the right to receive one share of Class A common stock of Hostess Brands, Inc. (the "Company"). These restricted stock units will vest upon the first to occur of (i) the Company's 2021 annual stockholders' meeting, (ii) fifteen months after the date of grant, (iii) the death or disability of the reporting person, or (iv) a change of control of the Company, in each case, subject to continued service until such vesting date, and will be settled upon the reporting person's termination of Board service or if earlier, a change of control of the Company. Read SEC document |
| May 30, 2019 Filed Jun 3, 2019 17:48 UTC | Hostess Brands, Inc. TWNK · Entity 108488 | GrantClass A Common Stock, par value $0.0001 per share | 7,084 | $0.00 | $0.00 |
DisclosureSEC source: 0001466869-19-000003 · wf-form4_155959849258286.xml · nonDerivative · entry 1 BODNER LARRY E · CIK 0001466869 · Director 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 33,693 F1 · security: Consists of a grant of restricted stock units. Each restricted stock unit represents the right to receive one share of Class A Common Stock of Hostess Brands, Inc. (the "Company"). These restricted stock units shall vest upon the first to occur of (i) the Company's 2020 annual stockholders' meeting, (ii) the date that is 15 calendar months following the grant date, (iii) the death or disability of the director, or (iv) a change of control of the Company, in each case, subject to continued service until such vesting date, and shall be settled upon the director's termination of Board service or if earlier, a change of control of the Company. Read SEC document |
| August 14, 2018 Filed Aug 15, 2018 17:11 UTC | Hostess Brands, Inc. TWNK · Entity 108488 | PurchaseClass A Common Stock, par value $0.0001 per share | 10,000 | $11.93 | $119,300.00 |
DisclosureSEC source: 0001466869-18-000004 · wf-form4_153436748344512.xml · nonDerivative · entry 1 BODNER LARRY E · CIK 0001466869 · Director 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 26,609 Read SEC document |
| June 07, 2018 Filed Jun 11, 2018 16:42 UTC | Hostess Brands, Inc. TWNK · Entity 108488 | GrantClass A Common Stock, par value $0.0001 per share | 7,127 | $0.00 | $0.00 |
DisclosureSEC source: 0001466869-18-000002 · wf-form4_152874970940170.xml · nonDerivative · entry 1 BODNER LARRY E · CIK 0001466869 · Director 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 16,609 F1 · security: Consists of a grant of restricted stock units. Each restricted stock unit represents the right to receive one share of Class A Common Stock of Hostess Brands, Inc. (the "Company"). These restricted stock units shall vest upon the first to occur of (i) the Company's 2019 annual stockholders' meeting, (ii) the date that is 15 calendar months following the grant date, (iii) the death or disability of the director, or (iv) a change of control of the Company, in each case, subject to continued service until such vesting date, and shall be settled upon the director's termination of Board service or if earlier, a change of control of the Company. Read SEC document |
| November 24, 2017 Filed Nov 28, 2017 16:58 UTC | Hostess Brands, Inc. TWNK · Entity 108488 | GrantClass A Common Stock, par value $0.0001 per share | 3,799 | $0.00 | $0.00 |
DisclosureSEC source: 0001466869-17-000002 · wf-form4_151190629358590.xml · nonDerivative · entry 1 BODNER LARRY E · CIK 0001466869 · Director 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 9,482 F1 · security: Consists of a grant of restricted stock units. Each restricted stock unit represents the right, upon vesting, to receive a share of Class A Common Stock of Hostess Brands, Inc. (the "Company"). Such restricted stock units shall vest upon the first to occur of (i) the Company's first annual stockholders' meeting following June 15, 2017, (ii) the date that is nine calendar months following the grant date, (iii) the death or disability of the director, or (iv) a change of control of the Company, in each case, subject to continued service until such vesting date and shall be settled upon the director's termination of Board service, or if earlier, a change of control of the Company. Read SEC document |
| January 25, 2017 Filed Jan 27, 2017 18:19 UTC | Hostess Brands, Inc. TWNK · Entity 108488 | GrantClass A Common Stock, par value $0.0001 per share | 5,683 | $0.00 | $0.00 |
DisclosureSEC source: 0001644406-17-000016 · wf-form4_148555916394065.xml · nonDerivative · entry 1 BODNER LARRY E · CIK 0001466869 · Director 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 5,683 F1 · security: Consists of a grant of restricted stock units. Each restricted stock unit represents the right to receive, upon vesting, one share of Class A common stock. These restricted stock units will vest upon the first to occur of (i) November 4, 2017, (ii) the death or disability of the reporting person, or (iii) a change of control of the registrant, in the case of (i) and (iii), subject to continued service until such vesting date. 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.