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Table of Contents

Capitalization 

The  following  table  sets  forth  our  cash,  cash  equivalents,  and  short-term  investments,  as  well  as  our 
capitalization, as of September 30, 2026 as follows: 

•

•

•

on an actual basis; 

on  a  pro  forma  basis,  giving  effect  to  (i)  the  Preferred  Stock  Conversion,  as  if  such  conversion  had 
occurred  on  September  30,  2026,  (ii)  the  Convertible  Notes  Conversion,  as  if  such  conversion  had 
occurred on September 30, 2026, (iii) the Class F Stock Issuance, as if it had occurred on September 
30, 2026, (iv) an increase to additional paid-in capital and accumulated deficit related to stock-based 
compensation  of  $                     related  to  RSUs  subject  to  the  RSU  Settlement,  and  (v)  the  filing  and 
effectiveness  of  our  amended  and  restated  certificate  of  incorporation  in  Delaware  that  will  become 
effective immediately prior to the completion of this offering; and 

on a pro forma as adjusted basis, giving effect to (i) the pro forma adjustments set forth above, (ii) the 
sale and issuance by us of            shares of our Class A common stock in this offering, based upon the 
assumed  initial  public  offering  price  of  $                     per  share,  which  is  the  midpoint  of  the  estimated 
offering  price  range  set  forth  on  the  cover  page  of  this  prospectus,  and  after  deducting  estimated 
underwriting discounts and commissions and estimated offering expenses payable by us, and (iii) the 
use of net proceeds from this offering, together with existing cash and cash equivalents, if necessary, to 
satisfy the estimated tax withholding and remittance obligations related to the RSU Settlement. We will 
not  receive  any  proceeds  from  the  sale  of  shares  of  our  Class  A  common  stock  by  any  of  the  selling 
stockholders. 

The pro forma as adjusted information set forth in the table below is illustrative only and will be adjusted based 
on the actual initial public offering price and other terms of this offering determined at pricing. You should read 
this  table  together  with  our  consolidated  financial  statements  and  related  notes,  and  the  section  titled 
“Management’s  Discussion  and  Analysis  of  Financial  Condition  and  Results  of  Operations”  that  are  included 
elsewhere in this prospectus. 

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