3 unchanged sentences
Holders of Record
−Removed: As of January 31, 2022, there were 61 stockholders of record of our Class A common stock.
−Removed: There were significantly more beneficial owners of our Class A common stock.
−Removed: As of January 31, 2022, there were 16 stockholders of record of our Class B common stock.
+Added: As of December 31, 2022, there were approximately 64 stockholders of record of our Class A common stock and 15 stockholders of record of our Class B common stock.
+Added: The actual number of stockholders of our Class A common stock is greater than the number of record holders and includes stockholders who are beneficial owners but whose shares of common stock are held in street name by banks, brokers, and other nominees.
Dividend Policy
5 unchanged sentences
Stock Performance Graphs and Cumulative Total Return
−Removed: The following graph shows the cumulative total stockholder return of an investment of $100 in cash from September 29, 2017 (the date our Class A common stock commenced trading on The Nasdaq Global Select Market) through December 31, 2021, for (i) our Class A common stock, (ii) the Nasdaq Composite Index, and (iii) the Peer Group of companies.
−Removed: Because no published index of comparable player and platform companies is currently available, we have used the Peer Group of companies for the purposes of this graph in accordance with the requirements of the SEC.
−Removed: The Peer Group is made up of Alphabet, Inc., Logitech International S.A., Meta Platforms, Inc., Netflix, Inc., Snap, Inc., Twitter, Inc., Yelp, Inc., and Zillow Group, Inc.
−Removed: Not all of the companies included in the Peer Group participate in all the lines of business in which we are engaged, and some of the companies are engaged in lines of business in which we do not participate.
−Removed: Additionally, the market capitalization of some of the companies included in the Peer Group are different from ours.
+Added: The following graph shows the cumulative total stockholder return of an investment of $100 in cash from December 31, 2017 through December 31, 2022, for (i) our Class A common stock, (ii) the Nasdaq Composite Index, and (iii) the Current Peer Group of companies described below.
+Added: Because no published index of comparable companies is currently available, we have used the Peer Group of companies for the purposes of this graph in accordance with the requirements of the SEC.
+Added: We adjusted our Peer Group for fiscal 2022 to align with the changes in our business and comparability of metrics.
+Added: Our Previous Peer Group consisted of Alphabet, Inc., Logitech International S.A., Meta Platforms, Inc., Netflix, Inc., Snap, Inc., Twitter, Inc., Yelp, Inc., and Zillow Group, Inc.
+Added: Our Current Peer Group consists of Alphabet, Inc., Fox Corp, fuboTV, Inc., Interpublic Group of Companies, Inc., LiveRamp Holdings, Inc., Magnite, Inc., Meta Platforms, Inc., Netflix, Inc., Paramount Global, Pinterest, Inc., Pubmatic, Inc., Snap, Inc., Tradedesk Financial Corp, Vizio Holding Corp, Walt Disney Co., and Warner Bros.
+Added: Discovery, Inc.
+Added: Both previous and current peer groups are reflected in this year of transition.
Pursuant to applicable SEC rules, all values assume reinvestment of the full amount of all dividends, however no dividends have been declared on our Class A common stock or Class B common stock to date.
The stockholder return shown on the graph below is not necessarily indicative of future performance, and we do not make or endorse any predictions as to future stockholder returns.
−Removed: Company / Index Dec-17 Dec-18 Dec-19 Dec-20 Dec-21
+Added: Table o f Contents
+Added: Company / Index Dec-17 Dec-18 Dec-19 Dec-20 Dec-21 Dec-22
$100 $59 $259 $641 $441 $79
Nasdaq Composite Index $100 $97 $133 $192 $235 $159
−Removed: Peer Group $107 $98 $134 $193 $270
+Added: Current Peer Group $100 $93 $126 $172 $229 $120
+Added: Previous Peer Group $100 $92 $125 $174 $243 $128
Prepared by Zacks Investment Research, Inc.
6 unchanged sentences
The information under “Stock Performance Graphs and Cumulative Total Return” is not deemed to be “soliciting material” or “filed” with the SEC or subject to Regulation 14A or 14C, or to the liabilities of Section 18 of the Exchange Act and is not to be incorporated by reference in any filing of the Company under the Securities Act, or the Exchange Act, whether made before or after the date of this Annual Report and irrespective of any general incorporation language in those filings.
−Removed: Equity Compensation Plan Information
−Removed: The following table summarizes information about our equity compensation plans as of December 31, 2021.
−Removed: Plan Category Number of securities to be
−Removed: issued upon exercise of
−Removed: outstanding options and awards Weighted-average
−Removed: exercise price of
−Removed: options (1) Number of securities
−Removed: remaining available
−Removed: for future issuances
−Removed: under equity compensation
−Removed: plans (excluding securities
−Removed: in column (a))
−Removed: (in thousands, except per share amount)
−Removed: Equity compensation plans approved by security holders (2) 9,460 $ 51.87 32,100
−Removed: Equity compensation plans not approved by security holders — — —
−Removed: Total 9,460 $ 51.87 32,100
−Removed: (1) Restricted stock units have been excluded for purposes of computing weighted-average exercise prices in column (b) as they do not have an exercise price.
−Removed: (2) The number of securities remaining available for future issuance in column (c) includes 27,011 shares of Class A common stock available for issuance under our 2017 Equity Incentive Plan (the “2017 Plan”) and 5,089 shares of Class A common stock available for issuance under our 2017 Employee Stock Purchase Plan.
−Removed: The number of shares authorized for issuance under the 2017 Plan is subject to an annual increase.
+Added: Table o f Contents
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.