Corporate Structure

Shareholders Class A Shares Class B Shares Total Shares (%) Total Shares Voting Power
As of 13/08/2025 As of 11/12/2025 As of 11/12/2025 As of 11/12/2025 As of 11/12/2025 As of 11/12/2025
Bertelsmann SE & Co. KGaA 26,576,579 34,074,134 60,650,713 64.7% 75.3%
Esteves Family 113,811 9,728,629 9,842,440 10.5% 20.0%
Treasury 3,025,116 - 3,025,116 3.2% 0.6%
Officers 361,289 - 361,289 0.4% 0.1%
Free Float 19,843,273 - 19,843,273 21.2% 4.1%
Total 49,920,068 43,802,763 93,722,831 100% 100%

*The information presented is based on public filings made with the U.S. Securities and Exchange Commission (SEC).

**Treasury shares were considered to calculate the percentage of total shares and voting power.