Item 2. Unregistered Sales of Equity Securities
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
On January 24, 2022, we issued 10,857 shares of Class A common stock to an Company employee, pursuant to that employee’s exercise of an option granted pursuant to an equity incentive plan. The exercise price per share was $0.34. We claimed exemption from registration under the Securities Act of 1933, for the sale and issuance of securities in this transaction by virtue of Rule 701 promulgated under the Securities Act, in that the securities were offered and sold pursuant to a written compensatory plan, as provided by Rule 701.
Item 3. Defaults Upon Senior Securities
None.
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Item 4. Mine Safety Disclosures
Not applicable.
Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.