| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| holding | OS | Class A Common Stock | 1.7M | Jul 24, 2024 | Direct |
| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| holding | OS | Stock Option (right to buy) | Jul 24, 2024 | Class A Common Stock | 207K | $10.65 | Direct | F1 | ||||||
| holding | OS | Stock Option (right to buy) | Jul 24, 2024 | Class A Common Stock | 243K | $10.65 | Direct | F2 | ||||||
| holding | OS | Stock Option (right to buy) | Jul 24, 2024 | Class A Common Stock | 273K | $14.51 | Direct | F3 | ||||||
| holding | OS | Common Units | Jul 24, 2024 | Class A Common Stock | 125K | $0.00 | Powers OS Holdings, Inc. | F4, F5 | ||||||
| holding | OS | Stock Option (right to buy) | Jul 24, 2024 | Class A Common Stock | 57.2K | $20.00 | Direct | F6 | ||||||
| holding | OS | Class D Common Stock | Jul 24, 2024 | Class A Common Stock | 11.2M | $0.00 | Direct | F7 | ||||||
| holding | OS | Class D Common Stock | Jul 24, 2024 | Class A Common Stock | 2.09M | $0.00 | Powers 2020 Gift Trust | F7, F8 |
| Id | Content |
|---|---|
| F1 | One-fourth of the shares subject to the option vested on February 15, 2023, and 1/48th of the shares subject to the option vest each month thereafter, subject to the Reporting Person continuing to be a service provider through the applicable vesting date. |
| F2 | One-fourth of the shares subject to the option vested on February 15, 2024, and 1/48th of the shares subject to the option vest each month thereafter, subject to the Reporting Person continuing to be a service provider through the applicable vesting date. |
| F3 | One-fourth of the shares subject to the option shall vest on February 15, 2025, and 1/48th of the shares subject to the option shall vest each month thereafter, subject to the Reporting Person continuing to be a service provider through the applicable vesting date. |
| F4 | The Common Units may be redeemed by the Reporting Person at any time on or following the closing of the Issuer's initial public offering for shares of Class D Common Stock on a 1:1 basis, and a corresponding number of shares of Class C Common Stock will be forfeited in connection with the redemption. The Class D Common Stock is in turn convertible at any time, at the holder's election, into Class A Common Stock on a 1:1 basis. Each outstanding share of Class D Common Stock will automatically convert into one share of our Class A Common Stock on the first trading day following the seventh anniversary of the Issuer's initial public offering. The Common Units have no expiration date. |
| F5 | Powers OS Holdings is a subchapter S corporation controlled by Mr. Powers who has sole voting and dispositive power over the shares held by Powers OS Holdings. |
| F6 | One-sixteenth of the shares subject to the option shall vest October 23, 2024, and one-sixteenth of the shares subject to the option shall vest every three months thereafter, subject to the Reporting Person continuing to be a service provider through the applicable vesting date. |
| F7 | The Class D Common Stock is convertible at any time, at the holder's election, into Class A Common Stock on a 1:1 basis. Each outstanding share of Class D Common Stock will automatically convert into one share of our Class A Common Stock on the first trading day following the seventh anniversary of the Issuer's initial public offering. |
| F8 | Mr. Powers serves as the protector for the Powers Gift Trust and Mr. Powers' spouse serves as the investment director and distribution director for the Powers Gift Trust. By virtue of his relationship, Mr. Powers may be deemed to hold voting and dispositive power with respect to the shares held by the Powers Gift Trust. |