4 unchanged sentences
There is no public trading market for our Class B common stock.
−Removed: Holders of Record
−Removed: As of the close of business on March 14, 2022, there were 75 holders of record of our Class A common stock and 33 holders of record of our Class B common stock.
+Added: As of the close of business on February 27, 2023, there were 63 holders of record of our Class A common stock and 26 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 or other nominees.
This number of holders of record also does not include stockholders whose shares may be held in trust by other entities.
−Removed: Dividend Policy
We have never declared or paid cash dividends on our capital stock.
4 unchanged sentences
See Item 12, “Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters” for information regarding securities authorized for issuance.
−Removed: Stock Performance Graph
+Added: Performance Graph
This performance graph shall not be deemed “soliciting material” or to be “filed” with the SEC for purposes of Section 18 of the Exchange Act, or otherwise subject to the liabilities under that section, and shall not be deemed to be incorporated by reference into any of our filings under the Securities Act.
−Removed: We have presented below the cumulative total return to our stockholders in comparison to the Standard and Poor’s Retail Select Index (S&P Retail Select Industry) and Nasdaq Composite Index (Nasdaq Composite).
−Removed: All values assume a $100 initial investment on March 26, 2021, the date our Class A common stock began trading on the Nasdaq Global Select Market, through December 31, 2021 and data for the S&P Retail Select Industry and Nasdaq Composite over the same period assume reinvestment of dividends.
+Added: We have presented below the cumulative total return to our stockholders in comparison to the Nasdaq Composite Index (Nasdaq Composite) and the Standard and Poor’s Retail Select Index (S&P Retail Select Industry).
+Added: All values assume a $100 initial investment on March 26, 2021, the date our Class A common stock began trading on the Nasdaq Global Select Market, through December 31, 2022 and data for the Nasdaq Composite and S&P Retail Select Industry over the same period assume reinvestment of dividends.
The graph uses the closing market price on March 26, 2021 of $20.00 per share as the initial value of our Class A common stock.
The comparisons are based on historical data and are not indicative of, nor intended to forecast, the future performance of our Class A common stock.
−Removed: Unregistered Sales of Equity Securities.
−Removed: Use of Proceeds from our Public Offerings
+Added: March 26, December 31,
+Added: 2021 2021 2022
+Added: $ 100.00 $ 63.80 $ 6.55
+Added: Nasdaq Composite $ 100.00 $ 119.08 $ 79.66
+Added: S&P Retail Select Industry $ 100.00 $ 102.68 $ 69.24
+Added: Recent Sales of Unregistered Securities
+Added: Use of Proceeds from Registered Securities
On March 30, 2021, we closed our IPO, in which we sold 13,800,000 shares of our Class A common stock at an offering price of $14.00 per share, including 1,800,000 shares pursuant to the exercise of the underwriters’ option to purchase additional shares of our Class A common stock, resulting in net proceeds to us of $175.5 million after deducting offering costs, underwriting discounts and commissions of $17.7 million.
1 unchanged sentence
333-253834), which was declared effective by the SEC on March 25, 2021.
−Removed: There has been no material change in the planned use of proceeds from the IPO as disclosed in the Prospectus.
+Added: There has been no material change in the planned use of proceeds from the IPO as disclosed in the final prospectus filed with the SEC pursuant to Rule 424(b)(4) under the Securities Act on March 26, 2021.
On August 2, 2021, the Company issued and sold 2,000,000 shares of Class A common stock at a price of $24.25 per share in a registered public offering.
1 unchanged sentence
There has been no material change in the planned use of proceeds from the registered public offering completed in August 2021.
−Removed: Issuer Purchases of Equity Securities.
−Removed: Not Applicable.
+Added: Purchases of Equity Securities by the Issuer
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.