| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | VZIO | Class A Common Stock | Sale | -$1.1M | -100K | -3.94% | $11.03 | 2.44M | Mar 1, 2024 | See Footnote | F1, F2, F3 |
| holding | VZIO | Class A Common Stock | 95K | Mar 1, 2024 | Direct | F4 | |||||
| holding | VZIO | Class A Common Stock | 270K | Mar 1, 2024 | See Footnote | F5 |
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 | The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by T-Russ-D, LLC, a limited liability company held in a trust of which the Reporting Person serves as Trustee ("T-Russ-D"), on March 3, 2023. |
| F2 | This transaction was executed in multiple trades at prices ranging from $11.00 to $11.065. The price reported above reflects the weighted average sale price. The Reporting Person undertakes to provide upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate sale price. |
| F3 | These shares are held by T-Russ-D. |
| F4 | Certain of these securities are restricted stock units (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. |
| F5 | These shares are held by the David E. Russell Grantor Retained Annuity Trust, of which the Reporting Person serves as Trustee. |