Corporate Structure

Shareholders Class A Shares Class B Shares Total Shares (%) Total Shares Voting Power
As of 05/25/2026 As of 05/25/2026 As of 05/25/2026 As of 05/25/2026 As of 05/25/2026
Bertelsmann SE&Co. KGaA 26,576,579 34,074,134 60,650,713 64.7% 83.3%
Esteves Family 5,335,295 4,500,000 9,835,295 10.5% 11.4%
Treasury 4,435,092 - 4,435,092 4.7% 1.0%
Officers 707,923 - 707,923 0.8% 0.2%
Free Float 18,093,808 - 18,093,808 19.3% 4.1%
Total 55,148,697 38,574,134 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.