TransDigm Co-COO trades 3,486 shares, exercises options

Rhea-AI Filing Summary

TransDigm Group Co-Chief Operating Officer Joel Reiss exercised stock options for 3,900 common shares at $284.97 per share and sold 3,486 shares of common stock on July 15, 2026, in multiple open market or private transactions carried out under a Rule 10b5-1 trading plan.

After these transactions, he directly holds 4,014 TransDigm common shares and 19,700 stock options with a $284.97 exercise price expiring on November 8, 2027.

Insider Trade Summary 10b5-1

Exercise and sale activity reported; no spread calculated

Exercise and Sale 31 txns

Insider Reiss Joel

Role Co-Chief Operating Officer

Sold 3,486 shs ($4.24M)

Approx. gross sale proceeds $4.24M

Approx. exercise cost $1.11M

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 F1	10	$1,195.204	$12K
Sale	Common Stock F2	70	$1,197.851	$84K
Sale	Common Stock F3	80	$1,198.795	$96K
Sale	Common Stock F4	156	$1,200.1437	$187K
Sale	Common Stock F5	160	$1,201.3181	$192K
Sale	Common Stock F6	116	$1,202.4405	$139K
Sale	Common Stock F7	74	$1,203.8026	$89K
Sale	Common Stock	10	$1,204.60	$12K
Sale	Common Stock F8	30	$1,206.69	$36K
Sale	Common Stock F9	60	$1,208.5072	$73K
Sale	Common Stock F10	80	$1,209.1975	$97K
Sale	Common Stock F11	30	$1,210.3053	$36K
Sale	Common Stock F12	90	$1,211.5011	$109K
Sale	Common Stock F13	110	$1,212.5936	$133K
Sale	Common Stock F14	170	$1,213.7275	$206K
Sale	Common Stock F15	211	$1,215.1264	$256K
Sale	Common Stock F16	239	$1,216.2243	$291K
Sale	Common Stock F17	60	$1,217.2467	$73K
Sale	Common Stock F18	90	$1,218.22	$110K
Sale	Common Stock F19	90	$1,219.2991	$110K
Sale	Common Stock F20	140	$1,220.4962	$171K
Sale	Common Stock F21	210	$1,221.5297	$257K
Sale	Common Stock F22	60	$1,222.5986	$73K
Sale	Common Stock F23	138	$1,223.512	$169K
Sale	Common Stock F24	509	$1,224.6206	$623K
Sale	Common Stock F25	153	$1,225.6161	$188K
Sale	Common Stock F26	40	$1,226.9825	$49K
Sale	Common Stock F27	210	$1,227.8195	$258K
Sale	Common Stock F28	90	$1,228.79	$111K

Holdings After Transaction: Stock Option — 19,700 contracts (Direct); Common Stock — 4,014 shares (Direct)

Footnotes (28)

1. F1. Price reported constitutes the average weighted price of shares sold. Shares were sold at varying prices in the range of $1,195.0300 - $1,195.3200. 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. F10. Price reported constitutes the average weighted price of shares sold. Shares were sold at varying prices in the range of $1,208.9700 - $1,209.4000. 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.
3. F11. Price reported constitutes the average weighted price of shares sold. Shares were sold at varying prices in the range of $1,210.1300 - $1,210.4500. 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.
4. F12. Price reported constitutes the average weighted price of shares sold. Shares were sold at varying prices in the range of $1,211.1600 - $1,211.9300. 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.
5. F13. Price reported constitutes the average weighted price of shares sold. Shares were sold at varying prices in the range of $1,212.2400 - $1,213.0100. 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. F14. Price reported constitutes the average weighted price of shares sold. Shares were sold at varying prices in the range of $1,213.2600 - $1,214.1500. 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. F15. Price reported constitutes the average weighted price of shares sold. Shares were sold at varying prices in the range of $1,214.6500 - $1,215.6200 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.
8. F16. Price reported constitutes the average weighted price of shares sold. Shares were sold at varying prices in the range of $1,215.6600 - $1,216.6400. 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. F17. Price reported constitutes the average weighted price of shares sold. Shares were sold at varying prices in the range of $1,216.7200 - $1,217.6700. 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.
10. F18. Price reported constitutes the average weighted price of shares sold. Shares were sold at varying prices in the range of $1,217.8300 - $1,218.6200. 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.
11. F19. Price reported constitutes the average weighted price of shares sold. Shares were sold at varying prices in the range of $1,218.9300 - $1,219.6900. 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.
12. F2. Price reported constitutes the average weighted price of shares sold. Shares were sold at varying prices in the range of $1,197.5000 - $1,198.4400. 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. F20. Price reported constitutes the average weighted price of shares sold. Shares were sold at varying prices in the range of $1,220.0600 - $1,221.0400. 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. F21. Price reported constitutes the average weighted price of shares sold. Shares were sold at varying prices in the range of $1,221.0900 - $1,222.0600. 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. F22. Price reported constitutes the average weighted price of shares sold. Shares were sold at varying prices in the range of $1,222.1300 - $1,223.1200. 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.
16. F23. Price reported constitutes the average weighted price of shares sold. Shares were sold at varying prices in the range of $1,223.1500 - $1,224.1200. 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.
17. F24. Price reported constitutes the average weighted price of shares sold. Shares were sold at varying prices in the range of $1,224.1600 - $1,225.1300. 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. F25. Price reported constitutes the average weighted price of shares sold. Shares were sold at varying prices in the range of $1,225.2200 - $1,226.1000. 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. F26. Price reported constitutes the average weighted price of shares sold. Shares were sold at varying prices in the range of $1,226.4000- $1,227.3200. 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. F27. Price reported constitutes the average weighted price of shares sold. Shares were sold at varying prices in the range of $1,227.5200- $1,228.4600. 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. F28. Price reported constitutes the average weighted price of shares sold. Shares were sold at varying prices in the range of $1,228.5700 - $1,229.4400. 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. F3. Price reported constitutes the average weighted price of shares sold. Shares were sold at varying prices in the range of $1,198.6500 - $1,199.4500. 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.
23. F4. Price reported constitutes the average weighted price of shares sold. Shares were sold at varying prices in the range of $1,199.8400 - $1,200.5700. 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. F5. Price reported constitutes the average weighted price of shares sold. Shares were sold at varying prices in the range of $1,200.8800 - $1,2201.7100. 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.
25. F6. Price reported constitutes the average weighted price of shares sold. Shares were sold at varying prices in the range of $1,202.0100 - $1,202.9200. 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.
26. F7. Price reported constitutes the average weighted price of shares sold. Shares were sold at varying prices in the range of $1,203.0500 - $1,204.0300. 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.
27. F8. Price reported constitutes the average weighted price of shares sold. Shares were sold at varying prices in the range of $1,206.4600 - $1,207.0900. 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.
28. F9. Price reported constitutes the average weighted price of shares sold. Shares were sold at varying prices in the range of $1,207.9200 - $1,208.9000. 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

Shares sold: 3,486 shares Options exercised into shares: 3,900 shares Exercise price: $284.97 per share +4 more

7 metrics

Shares sold 3,486 shares Common stock sales by Joel Reiss on 2026-07-15 in multiple transactions

Options exercised into shares 3,900 shares Common shares acquired through option exercise on 2026-07-15

Exercise price $284.97 per share Strike price of stock options exercised into 3,900 common shares

Shares held after transactions 7,500 shares Direct TransDigm common stock ownership by Joel Reiss after 2026-07-15 trades

Options held after transactions 19,700 options Stock options directly held by Joel Reiss after the reported exercise

Option expiration date 2027-11-08 Expiration date of stock options with a $284.97 exercise price

Transaction date 2026-07-15 Date of all reported sales and the option exercise

Key Terms

average weighted price, open market or private transaction, Stock Option, derivative security

4 terms

average weighted price financial

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

open market or private transaction financial

"Transaction code description: Sale in open market or private transaction"

Stock Option financial

"Security title listed as Stock Option with underlying 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.

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 stock transactions did TransDigm (TDG) executive Joel Reiss report?

Joel Reiss reported selling 3,486 TransDigm common shares and exercising stock options for 3,900 shares on July 15, 2026, in multiple open market or private transactions, while remaining a significant direct shareholder and option holder in the company.

How many TransDigm (TDG) shares does Joel Reiss hold after the reported transactions?

Following the reported trades, Joel Reiss directly owns 7,500 TransDigm common shares and holds 19,700 stock options. These options carry a per-share exercise price of $284.97 and are scheduled to expire on November 8, 2027, if not exercised earlier.

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

Yes. The company indicated that Joel Reiss’s July 15, 2026 transactions were effected under a Rule 10b5-1 trading plan, meaning the trades followed a pre-arranged schedule rather than discretionary timing, which can reduce the informational content of their exact execution date.

What type of derivative security did Joel Reiss exercise related to TransDigm (TDG)?

Joel Reiss exercised stock options covering 3,900 TransDigm common shares at an exercise price of $284.97 per share. After this exercise, he held a total of 19,700 stock options with the same strike price and a November 8, 2027 expiration.

On what date did the reported TransDigm (TDG) insider transactions by Joel Reiss occur?

All of the reported transactions occurred on July 15, 2026. On that date, Joel Reiss both exercised stock options for 3,900 shares and sold 3,486 common shares in a series of open market or private transactions at volume-weighted average prices.

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 07/17/2026 - 04:16 PM EDT 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)
07/15/2026

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	07/15/2026		M		3,900	A	$284.97	7,500	D
Common Stock	07/15/2026		S		10	D	$1,195.204(1)	7,490	D
Common Stock	07/15/2026		S		70	D	$1,197.851(2)	7,420	D
Common Stock	07/15/2026		S		80	D	$1,198.795(3)	7,340	D
Common Stock	07/15/2026		S		156	D	$1,200.1437(4)	7,184	D
Common Stock	07/15/2026		S		160	D	$1,201.3181(5)	7,024	D
Common Stock	07/15/2026		S		116	D	$1,202.4405(6)	6,908	D
Common Stock	07/15/2026		S		74	D	$1,203.8026(7)	6,834	D
Common Stock	07/15/2026		S		10	D	$1,204.6	6,824	D
Common Stock	07/15/2026		S		30	D	$1,206.69(8)	6,794	D
Common Stock	07/15/2026		S		60	D	$1,208.5072(9)	6,734	D
Common Stock	07/15/2026		S		80	D	$1,209.1975(10)	6,654	D
Common Stock	07/15/2026		S		30	D	$1,210.3053(11)	6,624	D
Common Stock	07/15/2026		S		90	D	$1,211.5011(12)	6,534	D
Common Stock	07/15/2026		S		110	D	$1,212.5936(13)	6,424	D
Common Stock	07/15/2026		S		170	D	$1,213.7275(14)	6,254	D
Common Stock	07/15/2026		S		211	D	$1,215.1264(15)	6,043	D
Common Stock	07/15/2026		S		239	D	$1,216.2243(16)	5,804	D
Common Stock	07/15/2026		S		60	D	$1,217.2467(17)	5,744	D
Common Stock	07/15/2026		S		90	D	$1,218.22(18)	5,654	D
Common Stock	07/15/2026		S		90	D	$1,219.2991(19)	5,564	D
Common Stock	07/15/2026		S		140	D	$1,220.4962(20)	5,424	D
Common Stock	07/15/2026		S		210	D	$1,221.5297(21)	5,214	D
Common Stock	07/15/2026		S		60	D	$1,222.5986(22)	5,154	D
Common Stock	07/15/2026		S		138	D	$1,223.512(23)	5,016	D
Common Stock	07/15/2026		S		509	D	$1,224.6206(24)	4,507	D
Common Stock	07/15/2026		S		153	D	$1,225.6161(25)	4,354	D
Common Stock	07/15/2026		S		40	D	$1,226.9825(26)	4,314	D
Common Stock	07/15/2026		S		210	D	$1,227.8195(27)	4,104	D
Common Stock	07/15/2026		S		90	D	$1,228.79(28)	4,014	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	07/15/2026		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 $1,195.0300 - $1,195.3200. 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 $1,197.5000 - $1,198.4400. 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 $1,198.6500 - $1,199.4500. 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.

4. Price reported constitutes the average weighted price of shares sold. Shares were sold at varying prices in the range of $1,199.8400 - $1,200.5700. 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 $1,200.8800 - $1,2201.7100. 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.

6. Price reported constitutes the average weighted price of shares sold. Shares were sold at varying prices in the range of $1,202.0100 - $1,202.9200. 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.

7. Price reported constitutes the average weighted price of shares sold. Shares were sold at varying prices in the range of $1,203.0500 - $1,204.0300. 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 $1,206.4600 - $1,207.0900. 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.

9. Price reported constitutes the average weighted price of shares sold. Shares were sold at varying prices in the range of $1,207.9200 - $1,208.9000. 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 $1,208.9700 - $1,209.4000. 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.

11. Price reported constitutes the average weighted price of shares sold. Shares were sold at varying prices in the range of $1,210.1300 - $1,210.4500. 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.

12. Price reported constitutes the average weighted price of shares sold. Shares were sold at varying prices in the range of $1,211.1600 - $1,211.9300. 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.

13. Price reported constitutes the average weighted price of shares sold. Shares were sold at varying prices in the range of $1,212.2400 - $1,213.0100. 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 $1,213.2600 - $1,214.1500. 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 $1,214.6500 - $1,215.6200 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.

16. Price reported constitutes the average weighted price of shares sold. Shares were sold at varying prices in the range of $1,215.6600 - $1,216.6400. 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 $1,216.7200 - $1,217.6700. 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.

18. Price reported constitutes the average weighted price of shares sold. Shares were sold at varying prices in the range of $1,217.8300 - $1,218.6200. 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.

19. Price reported constitutes the average weighted price of shares sold. Shares were sold at varying prices in the range of $1,218.9300 - $1,219.6900. 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.

20. Price reported constitutes the average weighted price of shares sold. Shares were sold at varying prices in the range of $1,220.0600 - $1,221.0400. 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 $1,221.0900 - $1,222.0600. 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 $1,222.1300 - $1,223.1200. 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.

23. Price reported constitutes the average weighted price of shares sold. Shares were sold at varying prices in the range of $1,223.1500 - $1,224.1200. 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.

24. Price reported constitutes the average weighted price of shares sold. Shares were sold at varying prices in the range of $1,224.1600 - $1,225.1300. 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 $1,225.2200 - $1,226.1000. 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 $1,226.4000- $1,227.3200. 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.

27. Price reported constitutes the average weighted price of shares sold. Shares were sold at varying prices in the range of $1,227.5200- $1,228.4600. 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.

28. Price reported constitutes the average weighted price of shares sold. Shares were sold at varying prices in the range of $1,228.5700 - $1,229.4400. 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:

Due to the 30-line item limitation in Table 1, this is the first of two Form 4s filed by the reporting person for this transaction.

	/s/ Rachel L. Quinlan as attorney in fact for Joel Reiss	07/17/2026
	** 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)