4 unchanged sentences
As of February 16, 2023, there were 57 and 81 registered holders of our Class A and Class B common stock, respectively.
+Added: Because many of our shares of Class A common stock are held in street name by brokers and other nominees on behalf of stockholders, we are unable to estimate the total number of beneficial owners of our Class A common stock represented by these holders of record.
Dividend Policy
7 unchanged sentences
As discussed above, we have never declared or paid a cash dividend on our Class A common stock and do not anticipate declaring or paying a cash dividend in the foreseeable future.
−Removed: Table of Content s
+Added: Table o f Contents
Recent Sales of Unregistered Securities
−Removed: From January 1, 2021 to September 22, 2021 (the date of the filing of our registration statement on Form S-8, File No.
−Removed: • we granted to certain employees an aggregate of 26,376,430 restricted stock units to be settled in shares of Class B common stock under the 2011 Plan;
−Removed: • we issued to certain directors, officers, employees, consultants, and other service providers an aggregate of 202,530 shares of our Class B common stock upon the exercise of options under the 2011 Plan at exercise prices ranging from $0.0208 to $0.4200 per share, or an aggregate purchase price of $0.04 million.
−Removed: None of the foregoing transactions involved any underwriters, underwriting discounts or commissions, or any public offering.
−Removed: Unless otherwise stated, the sales of the above securities were deemed to be exempt from registration under the Securities Act in reliance on Section 4(a)(2) of the Securities Act (and Regulation D or Regulation S promulgated thereunder) or Rule 701 promulgated under Section 3(b) of the Securities Act as transactions by an issuer not involving any public offering or pursuant to benefit plans and contracts relating to compensation as provided under Rule 701.
−Removed: The recipients of the securities in each of these transactions represented their intentions to acquire the securities for investment only and not with a view to or for sale in connection with any distribution thereof, and appropriate legends were placed on the share certificates issued in these transactions.
−Removed: All recipients had adequate access, through their relationships with us, to information about us.
−Removed: The sales of these securities were made without any general solicitation or advertising.
Issuer Purchases of Equity Securities
Use of Proceeds
−Removed: On September 24, 2021, we closed our initial public offering (our IPO) of 31,350,000 shares of Class A common stock at an offering price of $36.00 per share, which includes the exercise in full of the underwriters’ option to purchase an additional 2,850,000 shares.
−Removed: We received net proceeds of approximately $1.1 billion, after deducting underwriting discounts and commissions and offering expenses.
−Removed: All of the shares issued and sold in our IPO were registered under the Securities Act pursuant to a registration statement on Form S-1, as amended (File No.
−Removed: 333-259118), which was declared effective by the SEC on September 21, 2021.
−Removed: There has been no material change in the planned use of proceeds from our IPO from those disclosed in our final prospectus for our IPO dated as of September 21, 2021 and filed with the SEC pursuant to Rule 424(b)(4) on September 22, 2021.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.