Current Report (8-K)

CEO Abel Avellan entered into a variable prepaid forward contract through a special purpose vehicle on November 20, 2024, representing approximately 3.2% of his personal holdings and less than 1% of the company's outstanding shares, with settlement scheduled for January 2026 at a forward floor price of $18.24 and cap price of $34.20 per share covering up to 2.5 million shares. The non-dilutive transaction, which was board-approved and does not involve the sale of his existing shares, was structured for personal financial planning purposes and demonstrates Avellan's confidence in the company, as he maintains voting rights and retains upside participation up to the cap price while affirming his intention to remain a long-term shareholder.