Amendment #4 Page 172 of 868 104 of cosIdIi• based on analyses of future values for IM enterprise assisning various acesde outcomes Share value is based on Ire probate ty-weighted present value of expected (rein returns to tre &ity investor coreidering Pp liltety future scene nos available to the enterprise and the rights and preferences of each share class After the equity value is determned a dscount for lack or MarlWtabtlty 'sapped to our common stock to a rnve at the far value of our common stock The baobablily and timing of each scenario were based upon discussore between our board of directors and our rnansgemenl lean Under IM PVVERM the value of our common stock was based upon two possOre future everts for our company • neal public of feting. and • rio rmtal pubic offenng We believe we applied a reasonable vauat on method to determine the estmated fair value of ots common stock on the grant date Between our date of formation of September 12. 2014 and the dole d this posoodus we granted the following snores Historical As converted" Fair value per Falr value per share on date of share on date of s Grant date Number of shared/ grant Number of shares grant September 29 2014 March 31 2015 20 450 $ 21 80 3 657 464 5 012 35 245 5 37 10 6 333 537 5 021 Ire Easre.s.40.1 re WO 4.• Wrien041 and m444 441664 of ire '100• /44.)r Wise cin$461 Of 04 "IN. me 60 040a ITS 640 ,I4-tte sNalt 10K J Ma Outstor6146 044 a0.. Curs A sranson stack Qt INd 4'014t4 The restricted stock vests in tour equal arnual installments commencing on the first annversary of the completion of this offering si..tieci to acceerated vesting upon certain events Under cenan circumstances upon a terminalon of employment any unvestec shares of Oass A common stock reed by the terns rated employee will be forfeited The restricted stock awards ate subject to certain ackustmerts to prevent dilut on at tie time of ocnverson 10 Class A common stock Vaatcn inputs In