Item 4 — Purpose of Transaction
On September 8, 2026, Mr. Jonas received 4,233 shares of Class B Common Stock upon the vesting of previously granted deferred stock units. On September 10, 2026, Mr. Jonas was granted options to purchase 386,244 shares of Class B Common Stock pursuant to the Stock Option Agreement described in Item 6. The shares underlying such options are not included in the number of shares beneficially owned by Mr. Jonas as the options are not exercisable until the later of: (a) the date that the adoption of the Company's 2026 Equity Incentive Plan (the "Plan") and an amendment to the Plan to increase the aggregate number of shares of Class B Common Stock available for issuance thereunder is approved ("Stockholder Approval Date") and (b) September 9, 2027, the earliest applicable annual vesting date. On October 28, 2025, the Company reported in its Annual Report on Form 10-K that, as of October 24, 2025, the Company had 524,775 shares of Class A Common Stock and 12,479,136 shares of Class B Common Stock outstanding. As of September 8, 2026, the Company had 524,775 shares of Class A Common Stock and 12,354,263 shares of Class B Common Stock outstanding. The decrease in the total shares of Class B Common Stock outstanding was primarily attributable to purchases of outstanding Class B Common Stock by the Company under a Board-approved share repurchase program. As a result of such decrease in the total outstanding shares of Class B Common Stock, Mr. Jonas' percentage of beneficial ownership of the Class B Common Stock has increased.