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Earliest Date Available for Sale in the Public MarketNumber of Shares of Class A common stockThe date of this prospectus.All of the shares sold in this offering will be immediately available for sale in the public market.35 days after the date of this prospectus, provided that at least one full trading day has elapsed since the Company has released its earnings for the fiscal quarter ended December 31, 2020 (as further described below, in the section titled “Lock-Up Agreements and Market Stand-off Provisions”). For illustrative purposes only for these calculations, it is assumed that this release date is February 16, 2021.Up to approximately 13.0 million shares. Each of our current and former employees, consultants and independent contractors (in each case, other than our directors, officers, greater than 1% stockholders and parties to the Amended and Restated Investors’ Rights Agreement) (collectively, “our employee holders”) may sell a number of shares equal to 35% of such person’s aggregate number of outstanding shares of Class A common stock and Class B common stock and shares underlying vested stock options and RSUs, each held by such holder or held by trusts for the benefit of such holder or of an immediate family member or affiliate of such holder, and calculated as of the date of release.
Lockup Table
424B4
10 May 21
1,293,681 shares of our Class B common stock issued in escrow and subject to forfeiture if certain revenue milestones are not met, in each case, giving effect to the reclassification of our shares of common stock described in this prospectus. The shares of our common stock issued in connection with the PayBright Transaction will be subject to the lock-up agreements described in “Shares Eligible for Future Sale.”
This will be added to lockup as subsidiary
424B4
10 May 21
will be automatically released prior to the opening of trading on the first date (i) that is no earlier than the third trading day after February 26, 2021 (the “Early Expiration Threshold Date”), and (
Another lockup
10-Q
2021 Q2
10 May 21
a portion of the shares held by our non-officer current and former employees, consultants and independent contractors were automatically released from those lockup agreements and market standoff112TABLE OF CONTENTSrestrictions on February 16, 202
First Lockup
10-Q
2021 Q2
10 May 21
not to sell any shares of our common stock until up to the tenth trading day after the date on which we announce our results of operations for the three months ending March 31, 2021.
Second Lockup
10-Q
2021 Q2
10 May 21
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