Item 2. Unregistered Sales of Equity Securities
Item 2. Unregistered Sales of Equi ty Securities, Use of Proceeds, and Issuer Purchases of Equity Securities
During the three months ended March 31, 2025, the Company settled $1.05 billion in aggregate principal amount of the 2027 Convertible Notes as a result of certain holders electing to convert such notes by issuing class A common stock. 7,373,528 shares of class A common stock were issued in respect of all such conversions during the three months ended March 31, 2025. The shares of class A common stock issued upon conversion of each of the 2027 Convertible Notes were issued pursuant to the exemption from registration provided by Section 3(a)(9) of the Securities Act.
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