v3.26.1
Insider Trading Arrangements
3 Months Ended
Mar. 31, 2026
shares
Trading Arrangements, by Individual  
Material Terms of Trading Arrangement
During the quarter ended March 31, 2026, our directors and officers (as defined in Rule 16a-1(f) under the Exchange Act) adopted or terminated the contracts, instructions, or written plans for the purchase or sale of our securities set forth in the table below:
Type of Trading Arrangement
Name and PositionDateAction
Rule 10b5-1*
Expiration DateTotal Shares of Class A Common Stock to be Sold
Robert C. Murphy
Co-Founder, Chief Technology Officer, and Director
2/11/2026
Modification (1)
X3/10/2027
(2)
Ajit Mohan
Chief Business Officer
3/10/2026
Adoption (3)
X5/8/2027
(4)
*    Contract, instruction, or written plan intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) under the Exchange Act.
(1)Represents the modification of a written plan intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) adopted on November 11, 2025.
(2)Trading arrangement provides for the sale of up to 13,000,000 shares of Class A Common Stock by a revocable trust over which Mr. Murphy serves as trustee, plus the gift by such trust of the number of shares necessary to attain a value equal to 30% of such gross sale proceeds, and for the sale of a sufficient amount of shares to generate $2,000,000 in gross sale proceeds by an irrevocable trust over which Mr. Murphy serves as a trustee, but has no financial interest.
(3)Plan adopted in accordance with Rule 10b5-1(c)(1)(ii)(D)(2).
(4)Trading arrangement provides for the sale of (i) up to 50% of shares of Class A Common Stock held by Mr. Mohan in his account as of the applicable calculation date, and (ii) up to 50% of the net issued shares of Class A Common Stock subject to restricted stock unit grants upon satisfaction of the applicable vesting conditions (the “RSU Shares”). The actual number of shares to be sold pursuant to the trading arrangement is not yet determinable and, with respect to the RSU Shares, will be reduced by the number of shares sold to satisfy tax withholding obligations arising from the vesting of the equity awards.
Non-Rule 10b5-1 Arrangement Adopted false
Rule 10b5-1 Arrangement Terminated false
Non-Rule 10b5-1 Arrangement Terminated false
Robert C. Murphy [Member]  
Trading Arrangements, by Individual  
Name Robert C. Murphy
Title Co-Founder, Chief Technology Officer, and Director
Rule 10b5-1 Arrangement Adopted true
Adoption Date 2/11/2026
Expiration Date 3/10/2027
Arrangement Duration 392 days
Aggregate Available 13,000,000
Ajit Mohan [Member]  
Trading Arrangements, by Individual  
Name Ajit Mohan
Title Chief Business Officer
Rule 10b5-1 Arrangement Adopted true
Adoption Date 3/10/2026
Expiration Date 5/8/2027
Arrangement Duration 424 days