Item 4 — Purpose of Transaction
Item 4 of the Schedule 13D is hereby revised and supplemented with the following: On August 10, 2025, the Issuer entered into a Common Stock Repurchase Agreement (the "Repurchase Agreement") with Link Ventures to repurchase 900,000 shares of the Issuer's Class A Common Stock, for $23.33 per share for the aggregate purchase price of $20,997,000 in a privately negotiated transaction with Link Ventures. The Repurchase Transaction closed on August 12, 2025. The foregoing description of the Repurchase Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Repurchase Agreement, which is filed as Exhibit 10.1 hereto and is incorporated herein by reference. On August 10, 2025, Link Ventures, Link Management, and David Blundin entered into a Lock-Up Agreement with the Issuer in connection with the Repurchase Agreement. Pursuant to the terms and conditions of the Lock-Up Agreement, Link Ventures, Link Management, and David Blundin, without the prior written consent of the Issuer, cannot offer, pledge, or sell any shares of the Issuer's Class A Common Stock or Class B Common Stock, enter into any swap or agreements that transfer ownership of the shares of Class A Common Stock or Class B Common Stock, or make any demands for or exercise any right with respect to the registration of any shares of the Class A Common Stock or Class B Common Stock, during the period beginning on August 10, 2025 and ending 180 days after August 12, 2025. The restrictions are subject to certain exceptions, including, among others, sales of shares pursuant to a trading plan pursuant to Rule 10b5-1, as such plan was in effect on the date of the Lock-Up Agreement and any transfers, sales, tenders, or other dispositions of the Issuer's Class A Common Stock or Class B Common Stock to a bona fide third-party tender offer, merger, amalgamation, consolidation or other similar transaction in which there is a change of control. The foregoing description of the Lock-Up Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Lock-Up Agreement, which is filed as Exhibit 10.2 hereto and is incorporated herein by reference. All of the shares that are held of record by the Reporting Persons as reported herein were acquired for investment purposes. The Reporting Persons retain the right to change their investment intent, from time to time to acquire additional shares of Class A Common Stock, Class B Common Stock or other securities of the Issuer, or to sell or otherwise dispose of all or part of such shares or other securities of the Issuer, if any, beneficially owned by them, in any manner permitted by law. The Reporting Persons may engage from time to time in ordinary course transactions with financial institutions with respect to the securities described herein. None of the Reporting Persons currently has any other plans or proposals which would be related to or would result in any of the matters described in Items 4(a)-(j) of the Instructions to Schedule 13D. However, as part of the ongoing evaluation of investment and investment alternatives, the Reporting Persons may consider such matters and, subject to applicable law, may formulate a plan with respect to such matters, and, from time to time, may hold discussions with or make formal proposals to management or the board of directors of the Issuer or other third parties regarding such matters.