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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
| Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) | ||
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1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) |
4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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| Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
| Employee Stock Options (right to buy) (2) (3) | $ 2.14 | 08/27/2024 | A | 500,000 | 05/24/2025(4) | 05/24/2034(5) | Common Stock | 500,000 | $ 2.14 | 500,000 | D | ||||
| Reporting Owner Name / Address | Relationships | |||
| Director | 10% Owner | Officer | Other | |
| STONE WILLIAM GORDON III 110 SAN ANTONIO STREET SUITE 160 AUSTIN, TX 78701 |
X | Chief Executive Officer | ||
| /s/ William Gordon Stone III | 08/29/2024 | |
| **Signature of Reporting Person | Date |
| * | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
| ** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
| (1) | No corresponding shares of common stock were issued in connection with this transaction. Units were disposed upon vesting in lieu of taxes owed. |
| (2) | Employee stock options (right to buy)("Options") granted pursuant to Issuer's 2020 Equity Incentive Plan. |
| (3) | Mr. Stone was granted employee stock options on May 24, 2024 to acquire shares of the Issuer's common stock, contingent on and subject to stockholder approval of an amendment to the Issuer's 2020 Equity Incentive Plan to increase the number of shares available for grant at the 2024 Annual Meeting. On August 27, 2024, the amendment was approved. |
| (4) | One fourth of the stock options vest on the first anniversary, with the remaining amount vesting proportionally each quarter over a three year period. |
| (5) | Stock options expire ten years from the grant date of May 24, 2024. |