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No
public
market
for
our
Class
A
common
stock
currently
exists.
However,
our
shares
of
Class
A
common
stock
and
Class
B
common
stock
(on
an
as-converted
basis)
have
a
history
of
trading
in
private
transactions.
Based
on
information
available
to
us,
the
low
and
high
sales
price
per
share
of
Class
A
common
stock
and
Class
B
common
stock
(on
an
as-converted
basis)
for
such
private
transactions
during
the
first
quarter
of
2021
(through
March
15,
2021)
was
$200.00
and
$375.01,
respectively.
The
volume
weighted-average
price
per
share
for
the
first
quarter
of
2021
(through
March
15,
2021)
was
$343.58.
For
more
information,
see
the
section
titled
“Sale
Price
History
of
our
Capital
Stock.”
Our
recent
trading
prices
in
private
transactions
may
have
little
or
no
relation
to
the
opening
public
price
or
the
subsequent
trading
price
of
our
shares
of
Class
A
common
stock
on
the
Nasdaq
Global
Select
Market.
Further,
the
listing
of
our
Class
A
common
stock
on
the
Nasdaq
Global
Select
Market
without
underwriters
is
a
novel
method
for
commencing
public
trading
in
shares
of
our
Class
A
common
stock,
and
consequently,
the
trading
volume
and
price
of
shares
of
our
Class
A
common
stock
may
be
more
volatile
than
if
shares
of
our
Class
A
common
stock
were
initially
listed
in
connection
with
an
underwritten
initial
public
offering.
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