Question: Read the footnote regarding the bike share program. Does this program qualify as a transaction for 2019? Why/Why not? In May 2019, the Company entered

Read the footnote regarding the bike share program. Does this program qualify as a transaction for 2019? Why/Why not?

In May 2019, the Company entered into a non-cancellable arrangement with the City of Chicago, with respect to the Divvy bike share program, under which the Company has an obligation to pay approximately $7.5 million per year to the City of Chicago through January 2028 and to spend a minimum of $50 million on capital equipment for the bike share program during the term.

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