||the stock option vests and becomes exercisable in 48 equal monthly installments beginning on march 1, 2019, subject to the reporting person's continued service to the issuer on each vesting date.
||each share of class b common stock is convertible into one share of class a common stock at any time and will convert automatically upon certain transfers and upon the earlier of (i) the date specified by a vote of the holders of 66 2/3% of the then outstanding shares of class b common stock, (ii) seven years from the effective date of the issuer's initial public offering ("ipo"), (iii) the first date following the ipo on which the number of shares of outstanding class b common stock (including shares of class b common stock subject to outstanding stock options) held by tomer weingarten, including certain entities that mr. weingarten controls, is less than 25% of the number of shares of class b common stock (including shares of class b common stock subject to outstanding stock options) that mr. weingarten originally held as of the date of the ipo,
||(continued from footnote 2) (iv) the date fixed by the issuer's board of directors (the "board"), following the first date following the completion of this offering when mr. weingarten is no longer providing services to the issuer as an officer, employee, consultant or member of the board, (v) the date fixed by the board following the date, if applicable, on which mr. weingarten is terminated for cause, as defined in the issuer's restated certificate of incorporation, and (vi) the date that is 12 months after the death or disability, as defined in the issuer's restated certificate of incorporation, of mr. weingarten.
||transaction involved a cash exercise of options by the reporting person and are exempt from section 16(b). no shares were sold as part of this transaction.