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HDGabor

04/05/21 2:14 PM

#333217 RE: flubber #333213

f-

The sales may be for tax purposes, but I doubt it.

a.) It was not a sale but a withholding by the Issuer
b.) in respect of tax liability

3. Transaction Code (Instr. 8): F(4)

Explanation of Responses: 4. Represents withholding by the Issuer of shares in respect of tax liability incident to the vesting of a security issued in accordance with Rule 16b-3, and not a market sale of securities.

Furthermore

executives decide to exercise granted options

These were RSUs... Conversion or Exercise Price of Derivative Security: $0.00.

Best,
G
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lizzy241

04/05/21 2:19 PM

#333218 RE: flubber #333213

flubber, I believe once the stock option is awarded to the recipient they are taxed immediately.