Explanation of Responses: |
(1) | The reported conversions and sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on September 10, 2024 (the "10b5-1 Plan"). |
(2) | This transaction was executed in multiple trades at prices ranging from $ 240.05 to $240.09, inclusive. The price reported above reflects the volume weighted average sale price. The Reporting Person
undertakes to provide, upon request by the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each price. |
(3) | This transaction was executed in multiple trades at prices ranging from $ 242.07 to $242.92, inclusive. The price reported above reflects the volume weighted average sale price. The Reporting Person
undertakes to provide, upon request by the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each price. |
(4) | This transaction was executed in multiple trades at prices ranging from $ 243.00 to $243.99, inclusive. The price reported above reflects the volume weighted average sale price. The Reporting Person
undertakes to provide, upon request by the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each price. |
(5) | This transaction was executed in multiple trades at prices ranging from $ 244.00 to $244.99, inclusive. The price reported above reflects the volume weighted average sale price. The Reporting Person
undertakes to provide, upon request by the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each price. |
(6) | This transaction was executed in multiple trades at prices ranging from $ 245.00 to $245.92, inclusive. The price reported above reflects the volume weighted average sale price. The Reporting Person
undertakes to provide, upon request by the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each price. |
(7) | This transaction was executed in multiple trades at prices ranging from $ 246.45 to $246.69, inclusive. The price reported above reflects the volume weighted average sale price. The Reporting Person
undertakes to provide, upon request by the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each price. |
(8) | The Exchange Agreement permits holders of Class B Units to exchange their Class B Units for a number of shares of the Issuer's Class A Common Stock equal to the Class A Common Stock Value less the Adjusted Participation Threshold (as each term is defined in the Exchange Agreement) multiplied by 0.8 times the number of Class B Units being exchanged, divided by the Class A Common Stock Value. |
(9) | The Reporting Person was granted 200,000 Class B Units on March 24, 2015 with a participation threshold of $0.000; 40,000 of which vested on March 1, 2016 and 3,333 of which vested on the first of each month thereafter. |
(10) | These Class A Shares are held directly by the Ira J. Platt Revocable Trust (the "Trust"). The Reporting Person is co-trustee of the Trust, and the Reporting Person's spouse is the primary beneficiary of the Trust. |