Item 4 — Purpose of Transaction
The Reporting Persons acquired the securities reported in this statement as founder shares, upon exercise of stock options granted by the Issuer, and as compensation for services rendered to the Issuer. The Reporting Persons hold those securities for investment. Mr. Soni serves as Chairman of the Board, President and Chief Executive Officer of the Issuer. In those capacities he participates in the management and direction of the business and affairs of the Issuer and may be deemed to have the ability to influence the control of the Issuer. Ms. Gupta holds no position with the Issuer. The Issuer has publicly disclosed that it is pursuing a listing of its common stock on a national securities exchange. Mr. Soni participates in the consideration of that matter in his capacity as a director and executive officer of the Issuer, and not in a separate capacity as a stockholder. Mr. Soni expects to acquire additional securities of the Issuer from time to time as compensation for services, including upon settlement of restricted stock units and upon exercise of outstanding stock options, and the Reporting Persons may acquire or dispose of securities of the Issuer depending upon market conditions, the financial position and prospects of the Issuer and other factors. Except as set forth in this Item 4, the Reporting Person does not have, as of the date of this statement, any plans or proposals that relate to or would result in any of the actions specified in clauses (a) through (j) of Item 4 of Schedule 13D. The Reporting Person intends to review the investment in the Issuer on a continuing basis and may, at any time and from time to time, formulate other purposes, plans or proposals regarding the Issuer or the Common Stock.