4 unchanged sentences
There is no public trading market for our Class B common stock.
−Removed: As of March 4, 2022, we had 63 holders of record of our Class A common stock and 93 holders of record of our Class B common stock.
+Added: As of February 17, 2023, we had 52 holders of record of our Class A common stock and 69 holders of record of our Class B common stock.
Because many of the shares of our Class A common stock are held by brokers and other institutions on behalf of stockholders, we are unable to estimate the total number of beneficial owners of our Class A common stock represented by the record holders.
25 unchanged sentences
The following table contains information relating to the repurchases of our common stock made by us in the three months ended December 31, 2022:
−Removed: Period Total Number of Shares Purchased (1)
−Removed: Average Price Paid per Share Total number of shares purchased as part of publicly announced plans or programs Maximum number (or approximate dollar value) of shares that may yet be purchased under the plans or programs
+Added: Period Total Number of
+Added: Shares Purchased (1)
+Added: Average Price Paid per Share
+Added: Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs (2)
+Added: Approximate Dollar Value of Shares that May Yet Be Purchased Under the Plans or Programs (2)
October 1 - October 31, 2022 3,050,868 $ 7.25 3,050,805 63,969,722.39
2 unchanged sentences
Total 9,702,111 9,698,489
−Removed: (1) Represents shares of unvested common stock previously issued upon early exercise of unvested stock options that were repurchased by us from former employees upon their termination in accordance with the terms of their stock option agreements.
+Added: (1) Represents share repurchased as part of a publicly announced program and shares of unvested common stock previously issued upon early exercise of unvested stock options that were repurchased by us from former employees upon their termination in accordance with the terms of their stock option agreements.
We purchased the shares from the former employees at the respective original exercise prices.
+Added: (2) On September 14, 2022, our board of directors authorized a share repurchase program of up to $100 million of our Class A common stock beginning September 15, 2022.
+Added: Under the repurchase program, we were authorized to repurchase shares through open market purchases, in privately negotiated transactions or by other means, in accordance with applicable federal securities laws, including through trading plans under Rule 10b5-1 of the Exchange Act.
+Added: The share repurchase program has no set expiration date.
Use of Proceeds
8 unchanged sentences
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.