7 unchanged sentences
The actual number of stockholders is greater than this number of record holders and includes stockholders who are beneficial owners but whose shares are held in street name by brokers and other nominees.
−Removed: As of February 16, 2023, there were five stockholders of record of our Class B common stock, all of which are trusts affiliated with Tim Chen, our Chief Executive Officer and the Chairman of the Board of Directors.
+Added: As of February 16, 2024, there were nine stockholders of record of our Class B common stock, all of which are trusts affiliated with Tim Chen, our Chief Executive Officer and the Chairman of the Board of Directors.
Dividend Policy
2 unchanged sentences
Any future determination regarding the declaration and payment of dividends, if any, will be at the discretion of our Board of Directors and will depend on then-existing conditions, including our financial condition, operating results, contractual restrictions, capital requirements, business prospects and other factors our Board of Directors may deem relevant.
−Removed: The terms of our credit agreement with Silicon Valley Bank and certain other lenders restrict our ability to pay dividends, and we may enter into additional agreements in the future that could also contain restrictions on payments of cash dividends.
+Added: The terms of our credit agreement with JPM and certain other lenders restrict our ability to pay dividends, and we may enter into additional agreements in the future that could also contain restrictions on payments of cash dividends.
Recent Sales of Unregistered Equity Securities
1 unchanged sentence
Issuer Purchases of Equity Securities
+Added: The following table summarizes our share repurchase activity for the three months ended December 31, 2023:
+Added: Period Total Number of Shares Purchased 1
+Added: (in thousands)
+Added: Average Price Paid per Share 2
+Added: Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs 1
+Added: (in thousands)
+Added: Approximate Dollar Value of Shares That May Yet Be Purchased Under the Plans or Programs 1
+Added: (in millions)
+Added: October 918 $ 8.70 918 $ 30.0
+Added: November — $ — — $ 30.0
+Added: December — $ — — $ 30.0
+Added: Total 918 918
+Added: ______________
+Added: (1) On May 2, 2023, we announced that our Board of Directors authorized a plan (the Repurchase Plan) under which we may repurchase up to $20 million of our Class A common stock.
+Added: Following our utilization of the share repurchase authorization under the Repurchase Plan, we announced on October 26, 2023 that our Board of Directors authorized a new plan (the October 2023 Repurchase Plan) under which we may repurchase up to $30 million of our Class A common stock.
+Added: Under the Repurchase Plan and the October 2023 Repurchase Plan, shares of Class A common stock may be repurchased in the open market through privately negotiated transactions or otherwise, in accordance with applicable securities laws and other restrictions.
+Added: The Repurchase Plan and the October 2023 Repurchase Plan do not have fixed expiration dates and do not obligate us to acquire any specific number of shares.
+Added: The timing and terms of any repurchases under the Repurchase Plan and the October 2023 Repurchase Plan are at management’s discretion and depend on a variety of factors, including business, economic and market conditions, regulatory requirements, prevailing stock prices and other considerations.
+Added: Additionally, we may, from time to time, enter into Rule 10b5-1 trading plans to facilitate repurchases.
+Added: (2) Average price paid per share includes costs associated with the repurchases.
Stock Performance Graph
6 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.