| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | VZIO | Class A Common Stock | Award | $0 | +29.2K | +44.28% | $0.00 | 95K | Jun 8, 2023 | Direct | F1, F2 |
| holding | VZIO | Class A Common Stock | 2.84M | Jun 8, 2023 | See Footnote | F3 | |||||
| holding | VZIO | Class A Common Stock | 270K | Jun 8, 2023 | See Footnote | F4 |
Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.
Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).
| Id | Content |
|---|---|
| F1 | These securities are restricted stock units (RSUs). Each RSU represents a contingent right to receive one share of Class A Common Stock. One-fourth of the RSUs will vest on each of September 8, 2023, December 8, 2023, March 8, 2024 and June 8, 2024, provided that the Reporting Person remains a member of the Issuer's Board of Directors through each vesting date. |
| F2 | Certain of these securities are RSUs. Each RSU represents a contingent right to receive one share of Class A Common Stock, subject to the applicable vesting schedule and conditions of each RSU. |
| F3 | These shares are held by T-Russ-D, LLC, a limited liability company held in a trust of which the Reporting Person serves as Trustee. |
| F4 | These shares are held by the David E. Russell Grantor Retained Annuity Trust, of which the Reporting Person serves as Trustee. |