TransDigm executive exercises options, sells 3,900 shares

Rhea-AI Filing Summary

TransDigm Group INC Co-Chief Operating Officer Joel Reiss exercised 3,900 stock options at a strike price of $284.97 per share into common stock on May 15, 2026, then sold 3,900 common shares in 27 reported trades at weighted-average prices, with footnotes noting execution ranges from about $1,143.72 to $1,175.31 per share under a Rule 10b5-1 trading plan. Following these transactions, he directly holds 3,600 shares of TransDigm common stock.

Insights

Equity compensation analyst

Executive exercised options and sold an equal number of shares, a typical liquidity move with neutral signal.

Co-Chief Operating Officer Joel Reiss exercised 3,900 stock options at an exercise price of $284.97 per share, converting part of his derivative compensation into common stock. On the same date, he sold 3,900 common shares in multiple open-market trades.

The sales occurred at weighted-average prices across narrow ranges from about $1,143.72 to $1,175.31, suggesting execution in several small blocks. After these moves, he continues to hold 7,500 common shares and 19,700 remaining options, indicating he retains substantial equity exposure.

Insider Trade Summary 10b5-1

Exercise and Sale: 3,900 shares ($3.39M approx. pre-tax spread)

Exercise and Sale 29 txns

Insider Reiss Joel

Role Co-Chief Operating Officer

Sold 3,900 shs ($4.50M)

Approx. gross sale proceeds $4.50M

Approx. exercise cost $1.11M

Approx. pre-tax spread $3.39M

Type	Security	Shares	Price	Value
Exercise	Stock Option	3,900	$0.00	$0.00
Exercise	Common Stock	3,900	$284.97	$1.11M
Sale	Common Stock	71	$1,144.4338	$81K
Sale	Common Stock	259	$1,145.3653	$297K
Sale	Common Stock	120	$1,146.1718	$138K
Sale	Common Stock	462	$1,147.5165	$530K
Sale	Common Stock	775	$1,148.2491	$890K
Sale	Common Stock	463	$1,149.3275	$532K
Sale	Common Stock	119	$1,150.3329	$137K
Sale	Common Stock	151	$1,151.4868	$174K
Sale	Common Stock	50	$1,152.2792	$58K
Sale	Common Stock	130	$1,153.7114	$150K
Sale	Common Stock	70	$1,154.7831	$81K
Sale	Common Stock	50	$1,156.0676	$58K
Sale	Common Stock	45	$1,158.6191	$52K
Sale	Common Stock	95	$1,159.69	$110K
Sale	Common Stock	70	$1,160.33	$81K
Sale	Common Stock	110	$1,162.6451	$128K
Sale	Common Stock	10	$1,163.19	$12K
Sale	Common Stock	76	$1,164.9372	$89K
Sale	Common Stock	177	$1,165.9361	$206K
Sale	Common Stock	121	$1,167.0179	$141K
Sale	Common Stock	186	$1,168.1335	$217K
Sale	Common Stock	81	$1,169.1335	$95K
Sale	Common Stock	26	$1,170.5381	$30K
Sale	Common Stock	43	$1,172.0467	$50K
Sale	Common Stock	63	$1,172.6867	$74K
Sale	Common Stock	30	$1,174.387	$35K
Sale	Common Stock	47	$1,175.2791	$55K

Holdings After Transaction: Stock Option — 19,700 contracts (Direct); Common Stock — 3,600 shares (Direct)

Footnotes (26)

1. F1. Price reported constitutes the average weighted price of shares sold. Shares were sold at varying prices in the range of $1,143.7200 - $1,144.6900. The reporting person hereby undertakes, upon request of the Commission, the issuer or a security holder of the issuer, to provide full information regarding the number of shares sold at each separate price.
2. F2. Price reported constitutes the average weighted price of shares sold. Shares were sold at varying prices in the range of $1,144.7200 - $1,145.6700. The reporting person hereby undertakes, upon request of the Commission, the issuer or a security holder of the issuer, to provide full information regarding the number of shares sold at each separate price.
3. F3. Price reported constitutes the average weighted price of shares sold. Shares were sold at varying prices in the range of $1,145.7400 - $1,146.5500. The reporting person hereby undertakes, upon request of the Commission, the issuer or a security holder of the issuer, to provide full information regarding the number of shares sold at each separate price.
4. F4. Price reported constitutes the average weighted price of shares sold. Shares were sold at varying prices in the range of $1,146.8600 - $1,147.8400. The reporting person hereby undertakes, upon request of the Commission, the issuer or a security holder of the issuer, to provide full information regarding the number of shares sold at each separate price.
5. F5. Price reported constitutes the average weighted price of shares sold. Shares were sold at varying prices in the range of $1,147.8600 - $1,148.8200. The reporting person hereby undertakes, upon request of the Commission, the issuer or a security holder of the issuer, to provide full information regarding the number of shares sold at each separate price.
6. F6. Price reported constitutes the average weighted price of shares sold. Shares were sold at varying prices in the range of $1,148.8600 - $1,149.8400. The reporting person hereby undertakes, upon request of the Commission, the issuer or a security holder of the issuer, to provide full information regarding the number of shares sold at each separate price.
7. F7. Price reported constitutes the average weighted price of shares sold. Shares were sold at varying prices in the range of $1,149.8800 - $1,150.8000. The reporting person hereby undertakes, upon request of the Commission, the issuer or a security holder of the issuer, to provide full information regarding the number of shares sold at each separate price.
8. F8. Price reported constitutes the average weighted price of shares sold. Shares were sold at varying prices in the range of $1,150.9100 - $1,151.8900. The reporting person hereby undertakes, upon request of the Commission, the issuer or a security holder of the issuer, to provide full information regarding the number of shares sold at each separate price.
9. F9. Price reported constitutes the average weighted price of shares sold. Shares were sold at varying prices in the range of $1,151.9400 - $1,152.6300. The reporting person hereby undertakes, upon request of the Commission, the issuer or a security holder of the issuer, to provide full information regarding the number of shares sold at each separate price.
10. F10. Price reported constitutes the average weighted price of shares sold. Shares were sold at varying prices in the range of $1,153.2000 - $1,154.0900. The reporting person hereby undertakes, upon request of the Commission, the issuer or a security holder of the issuer, to provide full information regarding the number of shares sold at each separate price.
11. F11. Price reported constitutes the average weighted price of shares sold. Shares were sold at varying prices in the range of $1,154.5100 - $1,155.2100. The reporting person hereby undertakes, upon request of the Commission, the issuer or a security holder of the issuer, to provide full information regarding the number of shares sold at each separate price.
12. F12. Price reported constitutes the average weighted price of shares sold. Shares were sold at varying prices in the range of $1,155.7900 - $1,156.6200. The reporting person hereby undertakes, upon request of the Commission, the issuer or a security holder of the issuer, to provide full information regarding the number of shares sold at each separate price.
13. F13. Price reported constitutes the average weighted price of shares sold. Shares were sold at varying prices in the range of $1,158.0000 - $1,158.9800. The reporting person hereby undertakes, upon request of the Commission, the issuer or a security holder of the issuer, to provide full information regarding the number of shares sold at each separate price.
14. F14. Price reported constitutes the average weighted price of shares sold. Shares were sold at varying prices in the range of $1,159.1100 - $1,159.9300. The reporting person hereby undertakes, upon request of the Commission, the issuer or a security holder of the issuer, to provide full information regarding the number of shares sold at each separate price.
15. F15. Price reported constitutes the average weighted price of shares sold. Shares were sold at varying prices in the range of $1,160.1400 - $1,160.4000. The reporting person hereby undertakes, upon request of the Commission, the issuer or a security holder of the issuer, to provide full information regarding the number of shares sold at each separate price.
16. F16. Price reported constitutes the average weighted price of shares sold. Shares were sold at varying prices in the range of $1,162.0000 - $1,162.9600. The reporting person hereby undertakes, upon request of the Commission, the issuer or a security holder of the issuer, to provide full information regarding the number of shares sold at each separate price.
17. F17. Price reported constitutes the average weighted price of shares sold. Shares were sold at varying prices in the range of $1,164.4200 - $1,165.3700. The reporting person hereby undertakes, upon request of the Commission, the issuer or a security holder of the issuer, to provide full information regarding the number of shares sold at each separate price.
18. F18. Price reported constitutes the average weighted price of shares sold. Shares were sold at varying prices in the range of $1,165.5600 - $1,166.5500. The reporting person hereby undertakes, upon request of the Commission, the issuer or a security holder of the issuer, to provide full information regarding the number of shares sold at each separate price.
19. F19. Price reported constitutes the average weighted price of shares sold. Shares were sold at varying prices in the range of $1,166.5600 - $1,167.4500. The reporting person hereby undertakes, upon request of the Commission, the issuer or a security holder of the issuer, to provide full information regarding the number of shares sold at each separate price.
20. F20. Price reported constitutes the average weighted price of shares sold. Shares were sold at varying prices in the range of $1,167.6600 - $1,168.5800. The reporting person hereby undertakes, upon request of the Commission, the issuer or a security holder of the issuer, to provide full information regarding the number of shares sold at each separate price.
21. F21. Price reported constitutes the average weighted price of shares sold. Shares were sold at varying prices in the range of $1,168.8900 - $1,169.7100. The reporting person hereby undertakes, upon request of the Commission, the issuer or a security holder of the issuer, to provide full information regarding the number of shares sold at each separate price.
22. F22. Price reported constitutes the average weighted price of shares sold. Shares were sold at varying prices in the range of $1,170.1100 - $1,170.9200. The reporting person hereby undertakes, upon request of the Commission, the issuer or a security holder of the issuer, to provide full information regarding the number of shares sold at each separate price.
23. F23. Price reported constitutes the average weighted price of shares sold. Shares were sold at varying prices in the range of $1,171.5400 - $1,172.3700. The reporting person hereby undertakes, upon request of the Commission, the issuer or a security holder of the issuer, to provide full information regarding the number of shares sold at each separate price.
24. F24. Price reported constitutes the average weighted price of shares sold. Shares were sold at varying prices in the range of $1,172.5500 - $1,173.2400. The reporting person hereby undertakes, upon request of the Commission, the issuer or a security holder of the issuer, to provide full information regarding the number of shares sold at each separate price.
25. F25. Price reported constitutes the average weighted price of shares sold. Shares were sold at varying prices in the range of $1,174.1600 - $1,175.1200. The reporting person hereby undertakes, upon request of the Commission, the issuer or a security holder of the issuer, to provide full information regarding the number of shares sold at each separate price.
26. F26. Price reported constitutes the average weighted price of shares sold. Shares were sold at varying prices in the range of $1,175.1600 - $1,175.3100. The reporting person hereby undertakes, upon request of the Commission, the issuer or a security holder of the issuer, to provide full information regarding the number of shares sold at each separate price.

Key Figures

Options exercised: 3,900 shares Shares sold: 3,900 shares Sale price range: $1,143.7200 – $1,175.3100 per share +2 more

5 metrics

Options exercised 3,900 shares Stock options exercised at $284.97 per share on 2026-05-15

Shares sold 3,900 shares Total common shares sold across 27 sale transactions

Sale price range $1,143.7200 – $1,175.3100 per share Footnotes describe weighted-average sale prices within these execution ranges

Remaining holdings 3,600 shares Direct common stock position after transactions, per canonical holdings

Sale transactions 27 trades Number of non-derivative sale entries reported in the Form 4

Key Terms

Stock Option, average weighted price, derivative security

3 terms

Stock Option financial

"security_title: Stock Option, underlying security title: Common Stock"

A stock option is a contract that gives you the right to buy or sell a company's stock at a specific price within a certain time frame. People use them to potentially make money if the stock's price moves favorably or to protect against losses. It's like holding a coupon that can be used to buy or sell stock at a set price later on.

average weighted price financial

"Price reported constitutes the average weighted price of shares sold."

derivative security financial

"transaction_code_description: Exercise or conversion of derivative security"

A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider activity did TransDigm (TDG) executive Joel Reiss report?

Joel Reiss exercised 3,900 stock options at $284.97 and immediately sold 3,900 TransDigm shares on May 15, 2026. The trades were broken into 27 transactions, each reported with weighted-average prices and supported by detailed pricing footnotes.

How many TransDigm (TDG) shares did Joel Reiss sell and at what price range?

Reiss reported selling 3,900 common shares of TransDigm Group INC in 27 transactions. Footnotes state the weighted-average sale prices reflect trades executed within ranges from about $1,143.72 to $1,175.31 per share across the different trade blocks.

What options did Joel Reiss exercise in this TransDigm (TDG) Form 4?

He exercised 3,900 stock options for TransDigm common stock at a conversion price of $284.97 per share. The derivative position was reported as a stock option originally granted with an expiration date of November 8, 2027, converting into 3,900 common shares.

How many TransDigm (TDG) shares does Joel Reiss own after the reported trades?

After these transactions, Reiss is reported as directly holding 3,600 shares of TransDigm common stock. This figure comes from the canonical post-transaction holdings data and represents his remaining direct common stock position following the option exercise and subsequent share sales.

Were Joel Reiss’s TransDigm (TDG) trades made under a Rule 10b5-1 plan?

Yes. The filing affirms, via its Rule 10b5-1 checkbox, that the reported transactions were effected under a trading plan. This indicates the option exercise and related share sales followed a pre-established plan rather than discretionary timing decisions.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

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Accepted by SEC EDGAR 05/18/2026 - 04:53 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

X

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Reiss Joel

(Last) (First) (Middle)

1350 EUCLID AVE

SUITE 1600

(Street)

CLEVELAND OHIO 44115

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
TransDigm Group INC [ TDG ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Co-Chief Operating Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/15/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	05/15/2026		M		3,900	A	$284.97	7,500	D
Common Stock	05/15/2026		S		71	D	$1,144.4338(1)	7,429	D
Common Stock	05/15/2026		S		259	D	$1,145.3653(2)	7,170	D
Common Stock	05/15/2026		S		120	D	$1,146.1718(3)	7,050	D
Common Stock	05/15/2026		S		462	D	$1,147.5165(4)	6,588	D
Common Stock	05/15/2026		S		775	D	$1,148.2491(5)	5,813	D
Common Stock	05/15/2026		S		463	D	$1,149.3275(6)	5,350	D
Common Stock	05/15/2026		S		119	D	$1,150.3329(7)	5,231	D
Common Stock	05/15/2026		S		151	D	$1,151.4868(8)	5,080	D
Common Stock	05/15/2026		S		50	D	$1,152.2792(9)	5,030	D
Common Stock	05/15/2026		S		130	D	$1,153.7114(10)	4,900	D
Common Stock	05/15/2026		S		70	D	$1,154.7831(11)	4,830	D
Common Stock	05/15/2026		S		50	D	$1,156.0676(12)	4,780	D
Common Stock	05/15/2026		S		45	D	$1,158.6191(13)	4,735	D
Common Stock	05/15/2026		S		95	D	$1,159.69(14)	4,640	D
Common Stock	05/15/2026		S		70	D	$1,160.33(15)	4,570	D
Common Stock	05/15/2026		S		110	D	$1,162.6451(16)	4,460	D
Common Stock	05/15/2026		S		10	D	$1,163.19	4,450	D
Common Stock	05/15/2026		S		76	D	$1,164.9372(17)	4,374	D
Common Stock	05/15/2026		S		177	D	$1,165.9361(18)	4,197	D
Common Stock	05/15/2026		S		121	D	$1,167.0179(19)	4,076	D
Common Stock	05/15/2026		S		186	D	$1,168.1335(20)	3,890	D
Common Stock	05/15/2026		S		81	D	$1,169.1335(21)	3,809	D
Common Stock	05/15/2026		S		26	D	$1,170.5381(22)	3,783	D
Common Stock	05/15/2026		S		43	D	$1,172.0467(23)	3,740	D
Common Stock	05/15/2026		S		63	D	$1,172.6867(24)	3,677	D
Common Stock	05/15/2026		S		30	D	$1,174.387(25)	3,647	D
Common Stock	05/15/2026		S		47	D	$1,175.2791(26)	3,600	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Option	$284.97	05/15/2026		M			3,900	09/30/2021	11/08/2027	Common Stock	3,900	$0.00	19,700	D

Explanation of Responses:

1. Price reported constitutes the average weighted price of shares sold. Shares were sold at varying prices in the range of $1,143.7200 - $1,144.6900. The reporting person hereby undertakes, upon request of the Commission, the issuer or a security holder of the issuer, to provide full information regarding the number of shares sold at each separate price.

2. Price reported constitutes the average weighted price of shares sold. Shares were sold at varying prices in the range of $1,144.7200 - $1,145.6700. The reporting person hereby undertakes, upon request of the Commission, the issuer or a security holder of the issuer, to provide full information regarding the number of shares sold at each separate price.

3. Price reported constitutes the average weighted price of shares sold. Shares were sold at varying prices in the range of $1,145.7400 - $1,146.5500. The reporting person hereby undertakes, upon request of the Commission, the issuer or a security holder of the issuer, to provide full information regarding the number of shares sold at each separate price.

4. Price reported constitutes the average weighted price of shares sold. Shares were sold at varying prices in the range of $1,146.8600 - $1,147.8400. The reporting person hereby undertakes, upon request of the Commission, the issuer or a security holder of the issuer, to provide full information regarding the number of shares sold at each separate price.

5. Price reported constitutes the average weighted price of shares sold. Shares were sold at varying prices in the range of $1,147.8600 - $1,148.8200. The reporting person hereby undertakes, upon request of the Commission, the issuer or a security holder of the issuer, to provide full information regarding the number of shares sold at each separate price.

6. Price reported constitutes the average weighted price of shares sold. Shares were sold at varying prices in the range of $1,148.8600 - $1,149.8400. The reporting person hereby undertakes, upon request of the Commission, the issuer or a security holder of the issuer, to provide full information regarding the number of shares sold at each separate price.

7. Price reported constitutes the average weighted price of shares sold. Shares were sold at varying prices in the range of $1,149.8800 - $1,150.8000. The reporting person hereby undertakes, upon request of the Commission, the issuer or a security holder of the issuer, to provide full information regarding the number of shares sold at each separate price.

8. Price reported constitutes the average weighted price of shares sold. Shares were sold at varying prices in the range of $1,150.9100 - $1,151.8900. The reporting person hereby undertakes, upon request of the Commission, the issuer or a security holder of the issuer, to provide full information regarding the number of shares sold at each separate price.

9. Price reported constitutes the average weighted price of shares sold. Shares were sold at varying prices in the range of $1,151.9400 - $1,152.6300. The reporting person hereby undertakes, upon request of the Commission, the issuer or a security holder of the issuer, to provide full information regarding the number of shares sold at each separate price.

10. Price reported constitutes the average weighted price of shares sold. Shares were sold at varying prices in the range of $1,153.2000 - $1,154.0900. The reporting person hereby undertakes, upon request of the Commission, the issuer or a security holder of the issuer, to provide full information regarding the number of shares sold at each separate price.

11. Price reported constitutes the average weighted price of shares sold. Shares were sold at varying prices in the range of $1,154.5100 - $1,155.2100. The reporting person hereby undertakes, upon request of the Commission, the issuer or a security holder of the issuer, to provide full information regarding the number of shares sold at each separate price.

12. Price reported constitutes the average weighted price of shares sold. Shares were sold at varying prices in the range of $1,155.7900 - $1,156.6200. The reporting person hereby undertakes, upon request of the Commission, the issuer or a security holder of the issuer, to provide full information regarding the number of shares sold at each separate price.

13. Price reported constitutes the average weighted price of shares sold. Shares were sold at varying prices in the range of $1,158.0000 - $1,158.9800. The reporting person hereby undertakes, upon request of the Commission, the issuer or a security holder of the issuer, to provide full information regarding the number of shares sold at each separate price.

14. Price reported constitutes the average weighted price of shares sold. Shares were sold at varying prices in the range of $1,159.1100 - $1,159.9300. The reporting person hereby undertakes, upon request of the Commission, the issuer or a security holder of the issuer, to provide full information regarding the number of shares sold at each separate price.

15. Price reported constitutes the average weighted price of shares sold. Shares were sold at varying prices in the range of $1,160.1400 - $1,160.4000. The reporting person hereby undertakes, upon request of the Commission, the issuer or a security holder of the issuer, to provide full information regarding the number of shares sold at each separate price.

16. Price reported constitutes the average weighted price of shares sold. Shares were sold at varying prices in the range of $1,162.0000 - $1,162.9600. The reporting person hereby undertakes, upon request of the Commission, the issuer or a security holder of the issuer, to provide full information regarding the number of shares sold at each separate price.

17. Price reported constitutes the average weighted price of shares sold. Shares were sold at varying prices in the range of $1,164.4200 - $1,165.3700. The reporting person hereby undertakes, upon request of the Commission, the issuer or a security holder of the issuer, to provide full information regarding the number of shares sold at each separate price.

18. Price reported constitutes the average weighted price of shares sold. Shares were sold at varying prices in the range of $1,165.5600 - $1,166.5500. The reporting person hereby undertakes, upon request of the Commission, the issuer or a security holder of the issuer, to provide full information regarding the number of shares sold at each separate price.

19. Price reported constitutes the average weighted price of shares sold. Shares were sold at varying prices in the range of $1,166.5600 - $1,167.4500. The reporting person hereby undertakes, upon request of the Commission, the issuer or a security holder of the issuer, to provide full information regarding the number of shares sold at each separate price.

20. Price reported constitutes the average weighted price of shares sold. Shares were sold at varying prices in the range of $1,167.6600 - $1,168.5800. The reporting person hereby undertakes, upon request of the Commission, the issuer or a security holder of the issuer, to provide full information regarding the number of shares sold at each separate price.

21. Price reported constitutes the average weighted price of shares sold. Shares were sold at varying prices in the range of $1,168.8900 - $1,169.7100. The reporting person hereby undertakes, upon request of the Commission, the issuer or a security holder of the issuer, to provide full information regarding the number of shares sold at each separate price.

22. Price reported constitutes the average weighted price of shares sold. Shares were sold at varying prices in the range of $1,170.1100 - $1,170.9200. The reporting person hereby undertakes, upon request of the Commission, the issuer or a security holder of the issuer, to provide full information regarding the number of shares sold at each separate price.

23. Price reported constitutes the average weighted price of shares sold. Shares were sold at varying prices in the range of $1,171.5400 - $1,172.3700. The reporting person hereby undertakes, upon request of the Commission, the issuer or a security holder of the issuer, to provide full information regarding the number of shares sold at each separate price.

24. Price reported constitutes the average weighted price of shares sold. Shares were sold at varying prices in the range of $1,172.5500 - $1,173.2400. The reporting person hereby undertakes, upon request of the Commission, the issuer or a security holder of the issuer, to provide full information regarding the number of shares sold at each separate price.

25. Price reported constitutes the average weighted price of shares sold. Shares were sold at varying prices in the range of $1,174.1600 - $1,175.1200. The reporting person hereby undertakes, upon request of the Commission, the issuer or a security holder of the issuer, to provide full information regarding the number of shares sold at each separate price.

26. Price reported constitutes the average weighted price of shares sold. Shares were sold at varying prices in the range of $1,175.1600 - $1,175.3100. The reporting person hereby undertakes, upon request of the Commission, the issuer or a security holder of the issuer, to provide full information regarding the number of shares sold at each separate price.

Remarks:

	/s/ Rachel L. Quinlan as attorney in fact for Joel Reiss	05/18/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)