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Insider Trading Arrangements
3 Months Ended 6 Months Ended
Jun. 30, 2023
shares
Jun. 30, 2023
shares
Trading Arrangements, by Individual    
Material Terms of Trading Arrangement   Our directors and executive officers may purchase or sell shares of our common stock in the market from time to time, including pursuant to equity trading plans adopted in accordance with Rule 10b5-1 under the Exchange Act and in compliance with guidelines specified by the Company’s stock trading standard. In accordance with Rule 10b5-1 and the Company’s insider trading policy, directors, officers and certain employees who, at such time, are not in possession of material non-public information about the Company are permitted to enter into written plans that pre-establish amounts, prices and dates (or formula for determining the amounts, prices and dates) of future purchases or sales of the Company’s stock, including shares acquired pursuant to the Company’s employee and director equity plans. Under the Company’s stock trading standard, the first trade made pursuant to a Rule 10b5-1 trading plan may take place no earlier than 90 days after adoption of the trading plan. Under a Rule 10b5-1 trading plan, a broker executes trades pursuant to parameters established by the director or executive officer when entering into the plan, without further direction from them. The use of these trading plans permits asset diversification as well as financial and tax planning. Our directors and executive officers also may buy or sell additional shares outside of a Rule 10b5-1 plan when they are not in possession of material nonpublic information, subject to compliance with SEC rules, the terms of our stock trading standard, and holding requirements. The following table shows the Rule 10b5-1 trading plans intended to satisfy the affirmative defense conditions of Rule 10b-1(c) adopted or terminated by our directors and executive officers during the three months ended June 30, 2023.
Name and PositionPlan Adoption / TerminationPlan Adoption DateExpiration DateNumber of Shares to be Purchased (Sold) under Plan
Sarah Aebersold, Chief Human Resources OfficerAdoptionJune 15, 2023October 30, 2023(12,000)
Marcus Schulz, Chief Revenue OfficerAdoptionMay 26, 2023April 30, 2024(10,000)
Non-Rule 10b5-1 Arrangement Adopted false  
Rule 10b5-1 Arrangement Terminated false  
Non-Rule 10b5-1 Arrangement Terminated false  
Sarah Aebersold [Member]    
Trading Arrangements, by Individual    
Name Sarah Aebersold  
Title Chief Human Resources Officer  
Rule 10b5-1 Arrangement Adopted true  
Adoption Date June 15, 2023  
Arrangement Duration 137 days  
Aggregate Available (12,000) (12,000)
Marcus Schulz [Member]    
Trading Arrangements, by Individual    
Name Marcus Schhulz  
Title Chief Revenue Officer  
Rule 10b5-1 Arrangement Adopted true  
Adoption Date May 26, 2023  
Arrangement Duration 340 days  
Aggregate Available (10,000) (10,000)