LEAT · Leatt Corp

On December 21, 2023, the Issuer's Board of Directors approved the award of 76,000 restricted shares of the Company's common stock to Mr. Macdonald, pursuant to a Restricted Stock Award Agreement, dated December 22, 2023, under the Company's 2011 Plan. On December 22, 2023, 2,875 of the restricted shares vested, an additional 7,500 will vest on December 22, 2024, another 13,125 restricted shares will vest on December 22, 2025, another 15,000 restricted shares will vest on December 22, 2026, another 18,750 restricted shares will vest on December 22, 2027, and the remaining 18,750 restricted shares will vest on December 22, 2028, provided, however, that one hundred percent (100%) of the Reporting Person's nonvested restricted stock will become fully vested in the event of a change of control. The Reporting Person is now the holder of 363,809 shares of the Issuer's common stock.

On December 21, 2023, the Issuer's Board of Directors approved the award of 51,000 restricted shares of the Company's common stock to the Reporting Person, pursuant to a Restricted Stock Award Agreement, dated December 22, 2023, under the Company's 2011 Plan. On December 22, 2023, 2,250 of the restricted shares vested, an additional 5,000 shares will vest on December 22, 2024, another 8,750 shares will vest on December 22, 2025, another 10,000 shares will vest on December 22, 2026, another 12,500 shares will vest on December 22, 2027, and the remaining 12,500 shares will vest on December 22, 2028, provided, however, that one hundred percent (100%) of the Reporting Person's nonvested restricted stock will become fully vested upon a change of control.

Total common stock includes 1,898,907 shares of the Issuer's common stock directly held by the Reporting Person on the reporting date, and 5,007 shares of the Issuer's common stock held by members of the Reporting Person's immediate family on the reporting date.

The Reporting Person was previously the holder of 55,717 shares of the Issuer's common stock. On December 21, 2023, the Issuer's Board of Directors approved the award of 1000 restricted shares of the Issuer's common stock to the Reporting Person, pursuant to a Restricted Stock Award Agreement, dated December 22, 2023, under the Issuer's 2011 Plan, all of which immediately vested. The Reporting Person is now the holder of 56,717 shares of the Issuer???s common stock.

On December 20, 2022, the Issuer's Board approved the award of 10,000 restricted shares of the Issuer's common stock to the Reporting Person, pursuant to a Restricted Stock Award Agreement, under the Issuer's 2011 Plan, all of which vested on December 31, 2022. The Reporting Person is now the holder of 287,809 shares of the Issuer's common stock.

On December 20, 2022, the Issue's Board approved the award of 800 restricted shares of the Issuer's common stock to the Reporting Person, pursuant to a Restricted Stock Award Agreement, under the Issuer's 2011 Plan, all of which vested on December 31, 2022. The Reporting Person is now the holder of 55,717 shares of the Issuer's common stock.

On December 20, 2022, the Issuer's Board approved the award of 6,800 restricted shares of the Issuer's common stock to the Reporting Person, pursuant to a Restricted Stock Award Agreement, under the Issuer's 2011 Plan, all of which vested on December 31, 2022.

Total common stock includes 1,847,907 shares of the Issuer's common stock directly held by the Reporting Person on the reporting date, and 5,007 shares of the Issuer's common stock held by members of the Reporting Person's immediate family on the reporting date.

On August 24, 2017, the Issuer's Board of Directors approved a grant to the Reporting Person, of a ten-year option to purchase 78,000 shares of the Issuer's common stock at $1.60 per share under the 2011 Plan, which vested in full on December 31, 2019. On December 13, 2022, the Reporting Person exercised his option to purchase 22,000 of these shares at an aggregate exercise price of $35,200. The purchase price was paid through a cashless transaction whereby the Issuer withheld 1,760 of the shares at the fair market value of $20 per share, in lieu of cash payment and the Reporting person received the remaining 20,240 shares.

On February 25, 2019, the Issuer's Board of Directors approved a grant to the Reporting Person, of a ten-year option to purchase 78,000 shares of the Issuer's common stock at $2.30 per share under the 2011 Amended and Restated Equity Incentive Plan ("2011 Plan"), which vested in full on February 25, 2022. On December 13, 2022, the Reporting Person exercised his option to purchase these shares at an aggregate exercise price of $179,400. The purchase price was paid through a cashless transaction whereby the Issuer withheld 8,970 of the shares at the fair market value of $20 per share, in lieu of cash payment and the Reporting person received the remaining 69,030 shares.

Represents the private sale of restricted common stock of the Issuer pursuant to a stock purchase agreement, dated July 20, 2022, between the Reporting Person and Astoria Investments Ltd., a Mauritius investment company, and subject to the timing, volume and manner restrictions of Rule 144 of the United States of America Securities Act of 1933. Prior to the reporting date, the Reporting Person held a total of 198,539 shares of the Issuer's common stock. As a result of the transaction, the Reporting Person now holds 188,539 shares of the Issuer's common stock.

Represents additional sales in the open market effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on November 17, 2021, for the sale of up to 200,000 shares of the Issuer's common stock over a 12-month period, in accordance with the timing and manner restrictions set forth in Rule 144 of the Securities Act. The Reporting Person sold an aggregate of 77,500 shares under the trading plan in multiple transactions at prices ranging from $22.92 to $32, inclusive, for an aggregate sale price of $2,042,733 prior to termination of the plan on May 20, 2022.

Represents the private sale of restricted common stock of the Issuer pursuant to a stock purchase agreement, dated July 20, 2022, between the Reporting Person and Astoria Investments Ltd., a Mauritius investment company, and subject to the timing, volume and manner restrictions of Rule 144 of the United States of America Securities Act of 1933.

Represents additional sales effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on November 17, 2021, for the sale of up to 200,000 shares of the Issuer's common stock over a 12-month period, in accordance with the timing and manner restrictions set forth in Rule 144 of the Securities Act. As at the reporting date, the Reporting Person has sold an aggregate of 77,500 shares under the trading plan in multiple transactions at prices ranging from $22.92 to $32, inclusive, for an aggregate sale price of $2,037,782, leaving a remaining balance of 122,500 shares that may be sold under the plan.

Prior to the reporting date the Reporting Person held a total of 1,973,999 shares of the Issuer's common stock, including 5,007 shares held by members of the Reporting Person's immediate family. As at the reporting date the Reporting Person held a total of 1,961,114 shares of the Issuer's common stock, including 5,007 shares held by his immediate family members.

Represents additional sales in the open market effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on November 17, 2021, for the sale of up to 200,000 shares of the Issuer's common stock over a 12-month period, in accordance with the timing and manner restrictions set forth in Rule 144 of the Securities Act. The Reporting Person sold an aggregate of 77,500 shares under the trading plan in multiple transactions at prices ranging from $22.92 to $32, inclusive, for an aggregate sale price of $2,042,733 prior to termination of the plan on May 20, 2022.

Represents the private sale of restricted common stock of the Issuer pursuant to a stock purchase agreement, dated July 20, 2022, between the Reporting Person and Astoria Investments Ltd., a Mauritius investment company, and subject to the timing, volume and manner restrictions of Rule 144 of the United States of America Securities Act of 1933.

Represents additional sales in the open market effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on November 17, 2021, for the sale of up to 200,000 shares of the Issuer's common stock over a 12-month period, in accordance with the timing and manner restrictions set forth in Rule 144 of the Securities Act. The Reporting Person sold an aggregate of 77,500 shares under the trading plan in multiple transactions at prices ranging from $22.92 to $32, inclusive, for an aggregate sale price of $2,042,733 prior to termination of the plan on May 20, 2022.

Represents the private sale of restricted common stock of the Issuer pursuant to a stock purchase agreement, dated July 20, 2022, between the Reporting Person and Astoria Investments Ltd., a Mauritius investment company, and subject to the timing, volume and manner restrictions of Rule 144 of the United States of America Securities Act of 1933.

Represents additional sales effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on November 17, 2021, for the sale of up to 200,000 shares of the Issuer's common stock over a 12-month period, in accordance with the timing and manner restrictions set forth in Rule 144 of the Securities Act. As at the reporting date, the Reporting Person has sold an aggregate of 77,500 shares under the trading plan in multiple transactions at prices ranging from $22.92 to $32, inclusive, for an aggregate sale price of $2,037,782, leaving a remaining balance of 122,500 shares that may be sold under the plan.

Prior to the reporting date the Reporting Person held a total of 1,973,999 shares of the Issuer's common stock, including 5,007 shares held by members of the Reporting Person's immediate family. As at the reporting date the Reporting Person held a total of 1,961,114 shares of the Issuer's common stock, including 5,007 shares held by his immediate family members.

Represents additional sales in the open market effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on November 17, 2021, for the sale of up to 200,000 shares of the Issuer's common stock over a 12-month period, in accordance with the timing and manner restrictions set forth in Rule 144 of the Securities Act. The Reporting Person sold an aggregate of 77,500 shares under the trading plan in multiple transactions at prices ranging from $22.92 to $32, inclusive, for an aggregate sale price of $2,042,733 prior to termination of the plan on May 20, 2022.

Represents the private sale of restricted common stock of the Issuer pursuant to a stock purchase agreement, dated July 20, 2022, between the Reporting Person and Astoria Investments Ltd., a Mauritius investment company, and subject to the timing, volume and manner restrictions of Rule 144 of the United States of America Securities Act of 1933.

Represents additional sales effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on November 17, 2021, for the sale of up to 200,000 shares of the Issuer's common stock over a 12-month period, in accordance with the timing and manner restrictions set forth in Rule 144 of the Securities Act. As at the reporting date, the Reporting Person has sold an aggregate of 77,500 shares under the trading plan in multiple transactions at prices ranging from $22.92 to $32, inclusive, for an aggregate sale price of $2,037,782, leaving a remaining balance of 122,500 shares that may be sold under the plan.

Prior to the reporting date the Reporting Person held a total of 1,973,999 shares of the Issuer's common stock, including 5,007 shares held by members of the Reporting Person's immediate family. As at the reporting date the Reporting Person held a total of 1,961,114 shares of the Issuer's common stock, including 5,007 shares held by his immediate family members.

Represents additional sales effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on November 17, 2021, for the sale of up to 200,000 shares of the Issuer's common stock over a 12-month period, in accordance with the timing and manner restrictions set forth in Rule 144 of the Securities Act. As at the reporting date, the Reporting Person has sold an aggregate of 77,500 shares under the trading plan in multiple transactions at prices ranging from $22.92 to $32, inclusive, for an aggregate sale price of $2,037,782, leaving a remaining balance of 122,500 shares that may be sold under the plan.

Prior to the reporting date the Reporting Person held a total of 1,973,999 shares of the Issuer's common stock, including 5,007 shares held by members of the Reporting Person's immediate family. As at the reporting date the Reporting Person held a total of 1,961,114 shares of the Issuer's common stock, including 5,007 shares held by his immediate family members.

Represents additional sales in the open market effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on November 17, 2021, for the sale of up to 200,000 shares of the Issuer's common stock over a 12-month period, in accordance with the timing and manner restrictions set forth in Rule 144 of the Securities Act. The Reporting Person sold an aggregate of 77,500 shares under the trading plan in multiple transactions at prices ranging from $22.92 to $32, inclusive, for an aggregate sale price of $2,042,733 prior to termination of the plan on May 20, 2022.

Represents the private sale of restricted common stock of the Issuer pursuant to a stock purchase agreement, dated July 20, 2022, between the Reporting Person and Astoria Investments Ltd., a Mauritius investment company, and subject to the timing, volume and manner restrictions of Rule 144 of the United States of America Securities Act of 1933.

Represents additional sales effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on November 17, 2021, for the sale of up to 200,000 shares of the Issuer's common stock over a 12-month period, in accordance with the timing and manner restrictions set forth in Rule 144 of the Securities Act. As at the reporting date, the Reporting Person has sold an aggregate of 77,500 shares under the trading plan in multiple transactions at prices ranging from $22.92 to $32, inclusive, for an aggregate sale price of $2,037,782, leaving a remaining balance of 122,500 shares that may be sold under the plan.

Prior to the reporting date the Reporting Person held a total of 1,973,999 shares of the Issuer's common stock, including 5,007 shares held by members of the Reporting Person's immediate family. As at the reporting date the Reporting Person held a total of 1,961,114 shares of the Issuer's common stock, including 5,007 shares held by his immediate family members.

Represents additional sales in the open market effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on November 17, 2021, for the sale of up to 200,000 shares of the Issuer's common stock over a 12-month period, in accordance with the timing and manner restrictions set forth in Rule 144 of the Securities Act. The Reporting Person sold an aggregate of 77,500 shares under the trading plan in multiple transactions at prices ranging from $22.92 to $32, inclusive, for an aggregate sale price of $2,042,733 prior to termination of the plan on May 20, 2022.

Represents the private sale of restricted common stock of the Issuer pursuant to a stock purchase agreement, dated July 20, 2022, between the Reporting Person and Astoria Investments Ltd., a Mauritius investment company, and subject to the timing, volume and manner restrictions of Rule 144 of the United States of America Securities Act of 1933.

Represents additional sales in the open market effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on November 17, 2021, for the sale of up to 200,000 shares of the Issuer's common stock over a 12-month period, in accordance with the timing and manner restrictions set forth in Rule 144 of the Securities Act. The Reporting Person sold an aggregate of 77,500 shares under the trading plan in multiple transactions at prices ranging from $22.92 to $32, inclusive, for an aggregate sale price of $2,042,733 prior to termination of the plan on May 20, 2022.

Represents the private sale of restricted common stock of the Issuer pursuant to a stock purchase agreement, dated July 20, 2022, between the Reporting Person and Astoria Investments Ltd., a Mauritius investment company, and subject to the timing, volume and manner restrictions of Rule 144 of the United States of America Securities Act of 1933.

Represents additional sales effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on November 17, 2021, for the sale of up to 200,000 shares of the Issuer's common stock over a 12-month period, in accordance with the timing and manner restrictions set forth in Rule 144 of the Securities Act. As at the reporting date, the Reporting Person has sold an aggregate of 77,500 shares under the trading plan in multiple transactions at prices ranging from $22.92 to $32, inclusive, for an aggregate sale price of $2,037,782, leaving a remaining balance of 122,500 shares that may be sold under the plan.

Prior to the reporting date the Reporting Person held a total of 1,973,999 shares of the Issuer's common stock, including 5,007 shares held by members of the Reporting Person's immediate family. As at the reporting date the Reporting Person held a total of 1,961,114 shares of the Issuer's common stock, including 5,007 shares held by his immediate family members.

Represents additional sales in the open market effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on November 17, 2021, for the sale of up to 200,000 shares of the Issuer's common stock over a 12-month period, in accordance with the timing and manner restrictions set forth in Rule 144 of the Securities Act. The Reporting Person sold an aggregate of 77,500 shares under the trading plan in multiple transactions at prices ranging from $22.92 to $32, inclusive, for an aggregate sale price of $2,042,733 prior to termination of the plan on May 20, 2022.

Represents the private sale of restricted common stock of the Issuer pursuant to a stock purchase agreement, dated July 20, 2022, between the Reporting Person and Astoria Investments Ltd., a Mauritius investment company, and subject to the timing, volume and manner restrictions of Rule 144 of the United States of America Securities Act of 1933.

Represents additional sales effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on November 17, 2021, for the sale of up to 200,000 shares of the Issuer's common stock over a 12-month period, in accordance with the timing and manner restrictions set forth in Rule 144 of the Securities Act. As at the reporting date, the Reporting Person has sold an aggregate of 77,500 shares under the trading plan in multiple transactions at prices ranging from $22.92 to $32, inclusive, for an aggregate sale price of $2,037,782, leaving a remaining balance of 122,500 shares that may be sold under the plan.

Prior to the reporting date the Reporting Person held a total of 1,973,999 shares of the Issuer's common stock, including 5,007 shares held by members of the Reporting Person's immediate family. As at the reporting date the Reporting Person held a total of 1,961,114 shares of the Issuer's common stock, including 5,007 shares held by his immediate family members.

Represents additional sales in the open market effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on November 17, 2021, for the sale of up to 200,000 shares of the Issuer's common stock over a 12-month period, in accordance with the timing and manner restrictions set forth in Rule 144 of the Securities Act. The Reporting Person sold an aggregate of 77,500 shares under the trading plan in multiple transactions at prices ranging from $22.92 to $32, inclusive, for an aggregate sale price of $2,042,733 prior to termination of the plan on May 20, 2022.

Represents the private sale of restricted common stock of the Issuer pursuant to a stock purchase agreement, dated July 20, 2022, between the Reporting Person and Astoria Investments Ltd., a Mauritius investment company, and subject to the timing, volume and manner restrictions of Rule 144 of the United States of America Securities Act of 1933.

Represents additional sales effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on November 17, 2021, for the sale of up to 200,000 shares of the Issuer's common stock over a 12-month period, in accordance with the timing and manner restrictions set forth in Rule 144 of the Securities Act. As at the reporting date, the Reporting Person has sold an aggregate of 77,500 shares under the trading plan in multiple transactions at prices ranging from $22.92 to $32, inclusive, for an aggregate sale price of $2,037,782, leaving a remaining balance of 122,500 shares that may be sold under the plan.

Prior to the reporting date the Reporting Person held a total of 1,973,999 shares of the Issuer's common stock, including 5,007 shares held by members of the Reporting Person's immediate family. As at the reporting date the Reporting Person held a total of 1,961,114 shares of the Issuer's common stock, including 5,007 shares held by his immediate family members.

Represents additional sales in the open market effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on November 17, 2021, for the sale of up to 200,000 shares of the Issuer's common stock over a 12-month period, in accordance with the timing and manner restrictions set forth in Rule 144 of the Securities Act. The Reporting Person sold an aggregate of 77,500 shares under the trading plan in multiple transactions at prices ranging from $22.92 to $32, inclusive, for an aggregate sale price of $2,042,733 prior to termination of the plan on May 20, 2022.

Represents the private sale of restricted common stock of the Issuer pursuant to a stock purchase agreement, dated July 20, 2022, between the Reporting Person and Astoria Investments Ltd., a Mauritius investment company, and subject to the timing, volume and manner restrictions of Rule 144 of the United States of America Securities Act of 1933.

Represents additional sales effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on November 17, 2021, for the sale of up to 200,000 shares of the Issuer's common stock over a 12-month period, in accordance with the timing and manner restrictions set forth in Rule 144 of the Securities Act. As at the reporting date, the Reporting Person has sold an aggregate of 77,500 shares under the trading plan in multiple transactions at prices ranging from $22.92 to $32, inclusive, for an aggregate sale price of $2,037,782, leaving a remaining balance of 122,500 shares that may be sold under the plan.

Prior to the reporting date the Reporting Person held a total of 1,973,999 shares of the Issuer's common stock, including 5,007 shares held by members of the Reporting Person's immediate family. As at the reporting date the Reporting Person held a total of 1,961,114 shares of the Issuer's common stock, including 5,007 shares held by his immediate family members.

Represents additional sales in the open market effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on November 17, 2021, for the sale of up to 200,000 shares of the Issuer's common stock over a 12-month period, in accordance with the timing and manner restrictions set forth in Rule 144 of the Securities Act. The Reporting Person sold an aggregate of 77,500 shares under the trading plan in multiple transactions at prices ranging from $22.92 to $32, inclusive, for an aggregate sale price of $2,042,733 prior to termination of the plan on May 20, 2022.

Represents the private sale of restricted common stock of the Issuer pursuant to a stock purchase agreement, dated July 20, 2022, between the Reporting Person and Astoria Investments Ltd., a Mauritius investment company, and subject to the timing, volume and manner restrictions of Rule 144 of the United States of America Securities Act of 1933.

Represents additional sales effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on November 17, 2021, for the sale of up to 200,000 shares of the Issuer's common stock over a 12-month period, in accordance with the timing and manner restrictions set forth in Rule 144 of the Securities Act. As at the reporting date, the Reporting Person has sold an aggregate of 77,500 shares under the trading plan in multiple transactions at prices ranging from $22.92 to $32, inclusive, for an aggregate sale price of $2,037,782, leaving a remaining balance of 122,500 shares that may be sold under the plan.

Prior to the reporting date the Reporting Person held a total of 1,973,999 shares of the Issuer's common stock, including 5,007 shares held by members of the Reporting Person's immediate family. As at the reporting date the Reporting Person held a total of 1,961,114 shares of the Issuer's common stock, including 5,007 shares held by his immediate family members.

Represents additional sales in the open market effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on November 17, 2021, for the sale of up to 200,000 shares of the Issuer's common stock over a 12-month period, in accordance with the timing and manner restrictions set forth in Rule 144 of the Securities Act. The Reporting Person sold an aggregate of 77,500 shares under the trading plan in multiple transactions at prices ranging from $22.92 to $32, inclusive, for an aggregate sale price of $2,042,733 prior to termination of the plan on May 20, 2022.

Represents the private sale of restricted common stock of the Issuer pursuant to a stock purchase agreement, dated July 20, 2022, between the Reporting Person and Astoria Investments Ltd., a Mauritius investment company, and subject to the timing, volume and manner restrictions of Rule 144 of the United States of America Securities Act of 1933.

Represents additional sales effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on November 17, 2021, for the sale of up to 200,000 shares of the Issuer's common stock over a 12-month period, in accordance with the timing and manner restrictions set forth in Rule 144 of the Securities Act. As at the reporting date, the Reporting Person has sold an aggregate of 77,500 shares under the trading plan in multiple transactions at prices ranging from $22.92 to $32, inclusive, for an aggregate sale price of $2,037,782, leaving a remaining balance of 122,500 shares that may be sold under the plan.

Prior to the reporting date the Reporting Person held a total of 1,973,999 shares of the Issuer's common stock, including 5,007 shares held by members of the Reporting Person's immediate family. As at the reporting date the Reporting Person held a total of 1,961,114 shares of the Issuer's common stock, including 5,007 shares held by his immediate family members.

Represents additional sales in the open market effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on November 17, 2021, for the sale of up to 200,000 shares of the Issuer's common stock over a 12-month period, in accordance with the timing and manner restrictions set forth in Rule 144 of the Securities Act. The Reporting Person sold an aggregate of 77,500 shares under the trading plan in multiple transactions at prices ranging from $22.92 to $32, inclusive, for an aggregate sale price of $2,042,733 prior to termination of the plan on May 20, 2022.

Represents the private sale of restricted common stock of the Issuer pursuant to a stock purchase agreement, dated July 20, 2022, between the Reporting Person and Astoria Investments Ltd., a Mauritius investment company, and subject to the timing, volume and manner restrictions of Rule 144 of the United States of America Securities Act of 1933.

Represents additional sales effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on November 17, 2021, for the sale of up to 200,000 shares of the Issuer's common stock over a 12-month period, in accordance with the timing and manner restrictions set forth in Rule 144 of the Securities Act. As at the reporting date, the Reporting Person has sold an aggregate of 77,500 shares under the trading plan in multiple transactions at prices ranging from $22.92 to $32, inclusive, for an aggregate sale price of $2,037,782, leaving a remaining balance of 122,500 shares that may be sold under the plan.

Prior to the reporting date the Reporting Person held a total of 1,973,999 shares of the Issuer's common stock, including 5,007 shares held by members of the Reporting Person's immediate family. As at the reporting date the Reporting Person held a total of 1,961,114 shares of the Issuer's common stock, including 5,007 shares held by his immediate family members.

Represents additional sales effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on November 17, 2021, for the sale of up to 200,000 shares of the Issuer's common stock over a 12-month period, in accordance with the timing and manner restrictions set forth in Rule 144 of the Securities Act. As at the reporting date, the Reporting Person has sold an aggregate of 77,500 shares under the trading plan in multiple transactions at prices ranging from $22.92 to $32, inclusive, for an aggregate sale price of $2,037,782, leaving a remaining balance of 122,500 shares that may be sold under the plan.

Prior to the reporting date the Reporting Person held a total of 1,973,999 shares of the Issuer's common stock, including 5,007 shares held by members of the Reporting Person's immediate family. As at the reporting date the Reporting Person held a total of 1,961,114 shares of the Issuer's common stock, including 5,007 shares held by his immediate family members.

Represents additional sales in the open market effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on November 17, 2021, for the sale of up to 200,000 shares of the Issuer's common stock over a 12-month period, in accordance with the timing and manner restrictions set forth in Rule 144 of the Securities Act. The Reporting Person sold an aggregate of 77,500 shares under the trading plan in multiple transactions at prices ranging from $22.92 to $32, inclusive, for an aggregate sale price of $2,042,733 prior to termination of the plan on May 20, 2022.

Represents the private sale of restricted common stock of the Issuer pursuant to a stock purchase agreement, dated July 20, 2022, between the Reporting Person and Astoria Investments Ltd., a Mauritius investment company, and subject to the timing, volume and manner restrictions of Rule 144 of the United States of America Securities Act of 1933.

Represents additional sales effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on November 17, 2021, for the sale of up to 200,000 shares of the Issuer's common stock over a 12-month period, in accordance with the timing and manner restrictions set forth in Rule 144 of the Securities Act. As at the reporting date, the Reporting Person has sold an aggregate of 77,500 shares under the trading plan in multiple transactions at prices ranging from $22.92 to $32, inclusive, for an aggregate sale price of $2,037,782, leaving a remaining balance of 122,500 shares that may be sold under the plan.

Prior to the reporting date the Reporting Person held a total of 1,973,999 shares of the Issuer's common stock, including 5,007 shares held by members of the Reporting Person's immediate family. As at the reporting date the Reporting Person held a total of 1,961,114 shares of the Issuer's common stock, including 5,007 shares held by his immediate family members.

Represents additional sales in the open market effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on November 17, 2021, for the sale of up to 200,000 shares of the Issuer's common stock over a 12-month period, in accordance with the timing and manner restrictions set forth in Rule 144 of the Securities Act. The Reporting Person sold an aggregate of 77,500 shares under the trading plan in multiple transactions at prices ranging from $22.92 to $32, inclusive, for an aggregate sale price of $2,042,733 prior to termination of the plan on May 20, 2022.

Represents the private sale of restricted common stock of the Issuer pursuant to a stock purchase agreement, dated July 20, 2022, between the Reporting Person and Astoria Investments Ltd., a Mauritius investment company, and subject to the timing, volume and manner restrictions of Rule 144 of the United States of America Securities Act of 1933.

Represents additional sales effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on November 17, 2021, for the sale of up to 200,000 shares of the Issuer's common stock over a 12-month period, in accordance with the timing and manner restrictions set forth in Rule 144 of the Securities Act. As at the reporting date, the Reporting Person has sold an aggregate of 77,500 shares under the trading plan in multiple transactions at prices ranging from $22.92 to $32, inclusive, for an aggregate sale price of $2,037,782, leaving a remaining balance of 122,500 shares that may be sold under the plan.

Prior to the reporting date the Reporting Person held a total of 1,973,999 shares of the Issuer's common stock, including 5,007 shares held by members of the Reporting Person's immediate family. As at the reporting date the Reporting Person held a total of 1,961,114 shares of the Issuer's common stock, including 5,007 shares held by his immediate family members.

Represents additional sales in the open market effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on November 17, 2021, for the sale of up to 200,000 shares of the Issuer's common stock over a 12-month period, in accordance with the timing and manner restrictions set forth in Rule 144 of the Securities Act. The Reporting Person sold an aggregate of 77,500 shares under the trading plan in multiple transactions at prices ranging from $22.92 to $32, inclusive, for an aggregate sale price of $2,042,733 prior to termination of the plan on May 20, 2022.

Represents the private sale of restricted common stock of the Issuer pursuant to a stock purchase agreement, dated July 20, 2022, between the Reporting Person and Astoria Investments Ltd., a Mauritius investment company, and subject to the timing, volume and manner restrictions of Rule 144 of the United States of America Securities Act of 1933.

Represents additional sales in the open market effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on November 17, 2021, for the sale of up to 200,000 shares of the Issuer's common stock over a 12-month period, in accordance with the timing and manner restrictions set forth in Rule 144 of the Securities Act. The Reporting Person sold an aggregate of 77,500 shares under the trading plan in multiple transactions at prices ranging from $22.92 to $32, inclusive, for an aggregate sale price of $2,042,733 prior to termination of the plan on May 20, 2022.

Represents the private sale of restricted common stock of the Issuer pursuant to a stock purchase agreement, dated July 20, 2022, between the Reporting Person and Astoria Investments Ltd., a Mauritius investment company, and subject to the timing, volume and manner restrictions of Rule 144 of the United States of America Securities Act of 1933.

Represents additional sales in the open market effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on November 17, 2021, for the sale of up to 200,000 shares of the Issuer's common stock over a 12-month period, in accordance with the timing and manner restrictions set forth in Rule 144 of the Securities Act. The Reporting Person sold an aggregate of 77,500 shares under the trading plan in multiple transactions at prices ranging from $22.92 to $32, inclusive, for an aggregate sale price of $2,042,733 prior to termination of the plan on May 20, 2022.

Represents the private sale of restricted common stock of the Issuer pursuant to a stock purchase agreement, dated July 20, 2022, between the Reporting Person and Astoria Investments Ltd., a Mauritius investment company, and subject to the timing, volume and manner restrictions of Rule 144 of the United States of America Securities Act of 1933.

Represents additional sales effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on November 17, 2021, for the sale of up to 200,000 shares of the Issuer's common stock over a 12-month period, in accordance with the timing and manner restrictions set forth in Rule 144 of the Securities Act. As at the reporting date, the Reporting Person has sold an aggregate of 77,500 shares under the trading plan in multiple transactions at prices ranging from $22.92 to $32, inclusive, for an aggregate sale price of $2,037,782, leaving a remaining balance of 122,500 shares that may be sold under the plan.

Prior to the reporting date the Reporting Person held a total of 1,973,999 shares of the Issuer's common stock, including 5,007 shares held by members of the Reporting Person's immediate family. As at the reporting date the Reporting Person held a total of 1,961,114 shares of the Issuer's common stock, including 5,007 shares held by his immediate family members.

Represents additional sales in the open market effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on November 17, 2021, for the sale of up to 200,000 shares of the Issuer's common stock over a 12-month period, in accordance with the timing and manner restrictions set forth in Rule 144 of the Securities Act. The Reporting Person sold an aggregate of 77,500 shares under the trading plan in multiple transactions at prices ranging from $22.92 to $32, inclusive, for an aggregate sale price of $2,042,733 prior to termination of the plan on May 20, 2022.

Represents the private sale of restricted common stock of the Issuer pursuant to a stock purchase agreement, dated July 20, 2022, between the Reporting Person and Astoria Investments Ltd., a Mauritius investment company, and subject to the timing, volume and manner restrictions of Rule 144 of the United States of America Securities Act of 1933.

Represents additional sales effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on November 17, 2021, for the sale of up to 200,000 shares of the Issuer's common stock over a 12-month period, in accordance with the timing and manner restrictions set forth in Rule 144 of the Securities Act. As at the reporting date, the Reporting Person has sold an aggregate of 77,500 shares under the trading plan in multiple transactions at prices ranging from $22.92 to $32, inclusive, for an aggregate sale price of $2,037,782, leaving a remaining balance of 122,500 shares that may be sold under the plan.

Prior to the reporting date the Reporting Person held a total of 1,973,999 shares of the Issuer's common stock, including 5,007 shares held by members of the Reporting Person's immediate family. As at the reporting date the Reporting Person held a total of 1,961,114 shares of the Issuer's common stock, including 5,007 shares held by his immediate family members.

Represents additional sales in the open market effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on November 17, 2021, for the sale of up to 200,000 shares of the Issuer's common stock over a 12-month period, in accordance with the timing and manner restrictions set forth in Rule 144 of the Securities Act. The Reporting Person sold an aggregate of 77,500 shares under the trading plan in multiple transactions at prices ranging from $22.92 to $32, inclusive, for an aggregate sale price of $2,042,733 prior to termination of the plan on May 20, 2022.

Represents the private sale of restricted common stock of the Issuer pursuant to a stock purchase agreement, dated July 20, 2022, between the Reporting Person and Astoria Investments Ltd., a Mauritius investment company, and subject to the timing, volume and manner restrictions of Rule 144 of the United States of America Securities Act of 1933.

Represents additional sales in the open market effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on November 17, 2021, for the sale of up to 200,000 shares of the Issuer's common stock over a 12-month period, in accordance with the timing and manner restrictions set forth in Rule 144 of the Securities Act. The Reporting Person sold an aggregate of 77,500 shares under the trading plan in multiple transactions at prices ranging from $22.92 to $32, inclusive, for an aggregate sale price of $2,042,733 prior to termination of the plan on May 20, 2022.

Represents the private sale of restricted common stock of the Issuer pursuant to a stock purchase agreement, dated July 20, 2022, between the Reporting Person and Astoria Investments Ltd., a Mauritius investment company, and subject to the timing, volume and manner restrictions of Rule 144 of the United States of America Securities Act of 1933.

Represents additional sales effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on November 17, 2021, for the sale of up to 200,000 shares of the Issuer's common stock over a 12-month period, in accordance with the timing and manner restrictions set forth in Rule 144 of the Securities Act. As at the reporting date, the Reporting Person has sold an aggregate of 77,500 shares under the trading plan in multiple transactions at prices ranging from $22.92 to $32, inclusive, for an aggregate sale price of $2,037,782, leaving a remaining balance of 122,500 shares that may be sold under the plan.

Prior to the reporting date the Reporting Person held a total of 1,973,999 shares of the Issuer's common stock, including 5,007 shares held by members of the Reporting Person's immediate family. As at the reporting date the Reporting Person held a total of 1,961,114 shares of the Issuer's common stock, including 5,007 shares held by his immediate family members.

Represents additional sales in the open market effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on November 17, 2021, for the sale of up to 200,000 shares of the Issuer's common stock over a 12-month period, in accordance with the timing and manner restrictions set forth in Rule 144 of the Securities Act. The Reporting Person sold an aggregate of 77,500 shares under the trading plan in multiple transactions at prices ranging from $22.92 to $32, inclusive, for an aggregate sale price of $2,042,733 prior to termination of the plan on May 20, 2022.

Represents the private sale of restricted common stock of the Issuer pursuant to a stock purchase agreement, dated July 20, 2022, between the Reporting Person and Astoria Investments Ltd., a Mauritius investment company, and subject to the timing, volume and manner restrictions of Rule 144 of the United States of America Securities Act of 1933.

Represents additional sales effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on November 17, 2021, for the sale of up to 200,000 shares of the Issuer's common stock over a 12-month period, in accordance with the timing and manner restrictions set forth in Rule 144 of the Securities Act. As at the reporting date, the Reporting Person has sold an aggregate of 77,500 shares under the trading plan in multiple transactions at prices ranging from $22.92 to $32, inclusive, for an aggregate sale price of $2,037,782, leaving a remaining balance of 122,500 shares that may be sold under the plan.

Prior to the reporting date the Reporting Person held a total of 1,973,999 shares of the Issuer's common stock, including 5,007 shares held by members of the Reporting Person's immediate family. As at the reporting date the Reporting Person held a total of 1,961,114 shares of the Issuer's common stock, including 5,007 shares held by his immediate family members.