3 unchanged sentences
Prior to that date, there was no public trading market for our Class A common stock.
+Added: Our Class B common stock is not listed or traded on any stock exchange.
Holders of Common Stock
−Removed: As of March 15, 2021, there were 126 holders of record of our Class A common stock and 16 holders of record of our Class B common stock.
+Added: As of February 22, 2022, there were 49 holders of record of our Class A common stock and 6 holders of record of our Class B common stock.
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.
4 unchanged sentences
Unregistered Sales of Equity Securities
−Removed: Since January 1, 2018, we have issued the following unregistered securities:
−Removed: Issuances of Convertible Preferred Stock
−Removed: • On March 23, 2018, we sold 7,906,757 shares of Series B convertible preferred stock to eleven accredited investors at a price of $3.80 per share, for aggregate proceeds of approximately $30,000,000.
−Removed: • On March 7, 2019 and April 12, 2019, we sold 1,869,154 and 1,401,869 shares of Series C convertible preferred stock, respectively, to eight accredited investors at a price of $5.35 per share, for total aggregate proceeds of approximately $17,500,000.
−Removed: • On May 7, 2019, we issued convertible promissory notes in the aggregate principal amount of $400,000 to two accredited investors.
−Removed: • On November 15, 2019 and December 13, 2019, we sold 7,120,588 and 787,380 shares of Series D convertible preferred stock, respectively, to 18 accredited investors at a price of $6.96 per share, for total aggregate proceeds of approximately $55,000,000, which consideration included $400,000 in cancellation of indebtedness.
−Removed: • On May 12, 2020, we sold 6,853,571 shares of Series D-1 convertible preferred stock to 21 accredited investors at a price of $8.03 per share, for aggregate proceeds of approximately $55,000,000.
−Removed: Option, RSU and Common Stock Issuances
−Removed: Since September 1, 2017, we have issued the following unregistered securities:
−Removed: • From September 20, 2017 to January 14, 2021, we granted to our directors, officers, employees, consultants and other service providers options to purchase an aggregate of 10,781,124 shares of our Class A common stock under our equity compensation plans, at exercise prices ranging from approximately $0.02 to $7.96 per share.
−Removed: • From September 20, 2017 to January 14, 2021 we issued and sold to our officers, directors, employees, consultants and other service providers an aggregate of 1,705,151 shares of our Class A common stock upon the exercise of options under our equity compensation plans at exercise prices ranging from $0.00002 to $3.47 per share, for a weighted-average exercise price of $0.77 per share.
−Removed: • From September 20, 2017 to February 26, 2018, we issued and sold to our officers, directors, employees, consultants and other service providers an aggregate of 2,013,187 shares of our Class A common stock under our equity compensation plans at exercise prices ranging from $0.00002 to $0.03 per share.
−Removed: • From April 1, 2020 to November 12, 2020, we granted to our directors, officers, employees, consultants and other service providers an aggregate of 381,922 RSUs to be settled in shares of our Class A common stock under our equity compensation plans.
−Removed: • On December 9, 2020, each of Fidelity Management & Research Company LLC, accounts advised by T.
−Removed: Rowe Price Associates, Inc.
−Removed: and aMoon Fund purchased from us in a private placement shares of our Class A common stock at a price per share equal to the initial public offering price of $19.00 per share (the Concurrent Private Placement).
−Removed: Each of Fidelity Management & Research Company LLC and certain funds and accounts advised by T.
−Removed: Rowe Price Associates, Inc.
−Removed: each purchased 2,105,263 shares of our Class A common stock and aMoon Fund purchased 789,473 shares of our Class A common stock.
−Removed: Morgan Securities LLC, Morgan Stanley & Co.
−Removed: LLC, BofA Securities Inc.
−Removed: and Cowen and Company, LLC an aggregate commission of $4.725 million with respect to the shares that are sold in the Concurrent Private Placement.
−Removed: With the exception of the Concurrent Private Placement, none of the foregoing transactions involved any underwriters, underwriting discounts or commissions, or any public offering.
−Removed: Except as set forth below, we believe the offers, sales and issuances of the above securities were exempt from registration under the Securities Act (or Regulation D or Regulation S promulgated thereunder) by virtue of Section 4(a)(2) of the Securities Act because the issuance of securities to the recipients did not involve a public offering, or in reliance on Rule 701 because the transactions were pursuant to compensatory benefit plans or contracts relating to compensation as provided under such rule.
−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 upon the stock 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.
Use of Proceeds from Public Offering of Common Stock
10 unchanged sentences
We invested the funds received in short-term and long-term, interest-bearing investment-grade securities and government securities.
−Removed: Selected Financial Data
−Removed: Not applicable.
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.