SIBN

• Primary foreign-currency exposure is to the Euro, which can negatively affect U.S.-dollar-reported revenue and operating results when the dollar strengthens.
• The company has not entered into derivatives or other financial instruments to hedge FX risk but may do so in the future.
• Foreign-currency transaction gains and losses were not material in the three and six months ended June 30, 2026 and 2025.
• Interest-rate risk arises from cash, money-market funds, U.S. government securities, and commercial paper, with a policy focused on capital preservation and liquidity.
• The Third Amendment Term Loan with First-Citizens carries a floating rate (greater of prime minus 0.5% or 4.25%), so rising rates increase interest cost.
• A hypothetical 100-basis-point change in market interest rates or foreign exchange rates would not have a material impact on the condensed consolidated financial statements.

The information regarding legal proceedings set forth under “Legal Contingencies” in Note 6, Commitments and Contingencies, to our unaudited condensed consolidated financial statements included in Part I, Item 1 of this Quarterly Report on Form 10-Q is incorporated herein by reference. 30

There have been no material changes from the risk factors previously disclosed in Part I, Item 1A. “Risk Factors” of our 2025 Annual Report. The risk factors described in our 2025 Annual Report, as well as other information set forth in this Quarterly Report on Form 10-Q, could materially adversely affect our business, financial condition, results of operations and prospects, and should be carefully considered. The risks and uncertainties that we face, however, are not limited to those described in the 2025 Annual Report. Additional risks and uncertainties not presently known to us or that we currently believe to be immaterial may also adversely affect our business and the trading price of our securities.