Item 4 — Purpose of Transaction
Since February of 2022, the Reporting Person has filed a Statement of Beneficial Ownership on Schedule 13G and amendments thereto with respect to his beneficial ownership in the Issuer. As a result of the Proposal by the Advent Funds described below, which is premised on the Reporting Person's participation through a roll over arrangement, the Reporting Person is now converting his beneficial ownership filing on Schedule 13G to a filing on this Schedule 13D. On September 1, 2026, Advent International, L.P., on behalf of certain of its managed funds (the "Advent Funds"), submitted a preliminary non-binding indication of interest ("Proposal") to the Special Committee (the "Special Committee") of the Board of Directors of the Issuer related to the proposed acquisition by the Advent Funds of all the outstanding shares of the Issuer's Class A Common Stock and all of the LLC Units, in each case, that are not already owned by the Advent Funds and the Reporting Person for an all-cash purchase price of $1.02 per share of Class A Common Stock and an equivalent amount per LLC Unit (the "Advent Proposed Transaction"). Based on the Schedule 13D filed by the Advent Funds on September 2, 2026 (the "Advent Schedule 13D"), the Advent Funds have beneficial ownership of approximately 58.54% of the Issuer. The Proposal states that it is premised on the Reporting Person rolling over all his Class A Common Stock and LLC Units into equity of the surviving company. The Proposal also states that any definitive agreement to be reached by the parties would be subject to customary closing conditions, including approval by the Special Committee and approval by any applicable regulatory authorities. Subject to the parties reaching a definitive agreement, including regarding the terms of any roll over arrangement, and the Special Committee approving and recommending a definitive transaction with the Advent Funds, the Reporting Person expects to actively consider his roll over participation as contemplated in the Proposal. This consideration may involve, among other things, discussions with the Advent Funds and the Special Committee regarding the Reporting Person's potential participation in order to facilitate the parties reaching a definitive agreement with respect to the Advent Proposed Transaction, or one similar to it. The Reporting Person reserves the right to modify or withdraw at any time his consideration and no binding obligation on the part of the Reporting Person or any of his affiliates exists nor will any arise with respect to the filing of this statement. The Proposal may result in one or more of the transactions, events or actions specified in clauses (a) through (j) of Item 4 of Schedule 13D, including, without limitation, an extraordinary corporate transaction (such as a merger) involving the Issuer, delisting of the Class A Common Stock of the Issuer from the Nasdaq Global Select Market and other material changes in the Issuer's business or corporate structure. However, there can be no assurances that any definitive agreement will be entered into, that the Advent Proposed Transaction will be consummated, or that the Advent Proposed Transaction will be consummated on the terms set forth in the Proposal. If the Advent Proposed Transaction or a similar one to that described in the Proposal is not consummated, the Reporting Person will continue to regularly review and assess its investment in the Issuer and depending on market conditions and other factors may determine from time to time to engage in any of the matters referred to in clauses (a) through (j) of Item 4 of Schedule 13D. For example, the Reporting Person may from time to time consider any alternative transaction that may be proposed by a third party to the one described in the Proposal, acquire additional securities of the Issuer, or retain or sell all or a portion of the securities then held, in the open market, block trades or privately negotiated transactions. Any actions the Reporting Person might undertake with respect to his investment in the Issuer may be made at any time and from time to time and will be dependent upon the Reporting Person's review of numerous factors, including, but not limited to: ongoing evaluation of the Issuer's business, financial condition, operations, prospects and strategic alternatives; price levels of the Issuer's securities; general market, industry and economic conditions; the relative attractiveness of alternative business and investment opportunities; tax considerations; liquidity of the Issuer's securities; and other factors and future developments. Mr. Krantz serves as the Executive Chairman of the Board of the Issuer. In such capacity, Mr. Krantz may have influence over the Issuer's corporate activities, including activities that may relate to the matters referred to in clauses (a) through (j) of Item 4 of Schedule 13D. The Reporting Person does not intend to provide additional disclosures regarding the Proposal unless