Item 4 — Purpose of Transaction
Item 4 of the Schedule 13D is hereby amended and supplemented by adding the following: On March 14, 2025, the Reporting Person entered into the Plan. The Plan provides for the sale of up to an aggregate of 173,218 shares of Class A Common Stock (inclusive of (i) 100,000 shares of Class V Common Stock that are convertible into shares of Class A Common Stock and (ii) shares of Class A Common Stock underlying RSUs expected to vest on June 1, 2025), subject to certain conditions and restrictions, including price- and volume-based parameters. The Plan terminates on the earlier of (i) the close of trading on December 10, 2025, (ii) promptly after the date on which the plan administrator receives notice from the Reporting person of the termination of the Plan, (iii) upon reasonable determination by the plan administrator, or promptly upon the reasonable determination of the Reporting Person and notice to the plan administrator, that the Plan does not comply with Rule 10b5-1, (iv) promptly after the date the plan administrator is notified of the death, dissolution, bankruptcy or insolvency of the Reporting Person, (v) immediately in the event that the Reporting Person fails to satisfy the delivery requirements under the Plan or (vi) the date that the aggregate number of shares of Class A Common Stock to be sold pursuant to the Plan have been sold. The above description of the Plan does not purport to be complete and is qualified in its entirety by reference to the full text of such agreement, which is filed as an exhibit hereto and incorporated herein by reference.