Item 4 — Purpose of Transaction
The Reporting Person acquired the Common Stock to which this Schedule 13D relates in the ordinary course of business as a long-term strategic investment. Consistent with such purposes, the Reporting Person may engage constructively with the Issuer's management and Board of Directors in support of the Issuer's long-term success. Such engagement may include discussions regarding potential Board representation, which would be pursued cooperatively with the Issuer and subject to applicable contractual and legal requirements. The Reporting Person does not currently intend to seek control of the Issuer or to initiate a contested solicitation for the election of directors. The Reporting Person is party to certain agreements with the Issuer, including a Stock Purchase Agreement dated December 30, 2025, as amended by the First Amendment to the Stock Purchase Agreement dated July 24, 2026 (collectively referred to as Share Purchase Agreement). The Reporting Person's investment activities are subject to the standstill provisions of the Share Purchase Agreement. Those provisions permit certain additional acquisitions pursuant to a qualifying Rule 10b5-1 trading plan approved by the Issuer, subject to the terms and limitations of the Share Purchase Agreement. On October 29, 2026, the Reporting Person has adopted a Rule 10b5-1 trading plan, pursuant to which additional Common Stock of the Issuer may be acquired from time to time by the Reporting Person or its affiliates. Any such acquisitions are subject to the terms and limitations of the Rule 10b5-1 trading plan, applicable law and, to the extent applicable, any ownership limitations under the Issuer's governing documents. Except as described in this Schedule 13D, the Reporting Person does not presently have any plan or proposal that relates to or would result in any of the actions described in Items 4(a) through 4(j) of Schedule 13D.