Insider Trading Arrangements |
3 Months Ended |
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Jun. 30, 2026
shares
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| Trading Arrangements, by Individual | |
| Non-Rule 10b5-1 Arrangement Adopted | false |
| Rule 10b5-1 Arrangement Terminated | false |
| Non-Rule 10b5-1 Arrangement Terminated | false |
| Evan Hafer [Member] | |
| Trading Arrangements, by Individual | |
| Material Terms of Trading Arrangement |
On June 15, 2026, EKNRH Holdings LLC, an entity managed by Evan Hafer, our Executive Chairman, adopted a "Rule 10b5-1 trading arrangement," as defined in Item 408(a) of Regulation S-K. The aggregate number of shares that may be sold pursuant to the trading plan is 2,880,000 shares of our Class A Common Stock. The trading plan authorizes the agent to begin selling such shares pursuant to the plan on September 29, 2026, and provides that the agent shall cease selling such shares on the earlier to occur of (i) September 28, 2027 and (ii) the date on which an aggregate of 2,880,000 shares of Class A Common Stock issuable upon exchange of an equivalent number of common units of Authentic Brands LLC (and forfeiture of an equivalent number of shares of Class B Common Stock) have been sold under such plan.
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| Name | Evan Hafer |
| Title | Executive Chairman |
| Rule 10b5-1 Arrangement Adopted | true |
| Adoption Date | June 15, 2026 |
| Expiration Date | September 28, 2027 |
| Aggregate Available | 2,880,000 |
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