Haas sells 198,283 shares for $4,505,436.67 via scheduled 10b5-1 plan; retains derivative holdings of 61,829,848 shares across multiple entities.
Haas Robert D., a 10% owner, sold 198.3K shares across two transactions on 2026-05-26 and 2026-05-27 at a blended average price of $22.72, generating $4.5M in proceeds as part of a pre-arranged 10b5-1 trading plan. The non-derivative holdings post-transaction stand at zero shares; however, the insider retains substantial derivative holdings totaling 61,829,848 shares held through five separate ownership vehicles, including Class B Common Stock as trustee (25,735,728 shares × 2), Class B held by spouse as trustee (10,080,330 shares), and Class B held directly by spouse (278,062 shares). The current stock price of $23.86 is 3.9% below the 52-week high of $24.82, and the 30-day and 90-day price changes are both +7.7%. This scheduled divestiture of non-derivative shares does not represent a reduction of the insider's overall economic position given the magnitude of derivative holdings retained.