(2) | In connection with the consummation of the Issuer’s initial public offering of Class A common stock, par value $0.0001 per share (the “Class A Common Stock”) on July 2, 2021, each share of the Issuer’s Series B, C, D and F Redeemable Convertible Preferred Stock was automatically converted on a 1:1 basis into one share of the Issuer’s Class B common stock, par value $0.0001 per share (the “Class B Common Stock”) and each share of the Issuer’s Series E Redeemable Convertible Preferred Stock was automatically converted into approximately 1.087 shares of Class B Common Stock (the Issuer’s Series B, C, D, E and F Redeemable Convertible Preferred Stock, collectively, the "Preferred Stock"), as more fully described in the Issuer’s Prospectus dated June 29, 2021, as filed with the U.S. Securities and Exchange Commission (the “SEC”) on June 30, 2021 (the “Prospectus”). Each share of Class A Common Stock is entitled to one vote per share and each share of Class B Common Stock is entitled to 20 votes per share and is convertible at any time on a 1:1 basis into one share of Class A Common Stock. The Class B Common Stock will automatically convert into Class A Common Stock upon certain transfers and upon the earlier of (i) the date specified by a vote of the holders of 66 2/3% of the Class B Common Stock, (ii) the date that is seven years after the date of the Prospectus, (iii) the death, resignation or removal of the President and Chief Executive Officer of the Issuer, Tomer Weingarten, and (iv) the date on which the number of shares of Class B Common Stock held by Mr. Weingarten and his affiliated entities is less than 25% of the number of shares of Class B Common Stock held by them on the date of the Prospectus, in each case as more fully described in the Prospectus. |