Issued 2026-09-16 at $202.20 · now $202.20 (2026-09-16, +0.0% since)
Based on its own history, a month from the 2026-09-16 close, TEL has typically landed between $180.40 and $226.51 — a range of −10.8% to +12.0% from the issuance price $202.20.
- Actual close
- Typical path (median)
- Middle 50% of outcomes
- 90% range
4,685 overlapping 1 month windows · 2008-01-02 – 2026-08-17 · basis climatology · forecast (batch). Probability up 53.9% (90% CI 51.7–56.1%, ≈1,408 obs).
The cone is anchored at the 2026-09-16 issuance close ($202.20) — the price the forecast resolves against on 2026-10-15, not the latest close. The drawn path shape is illustrative (bands widen with √t); every labeled number is real — the anchor, the scored batch p90/IQR endpoints, and the typical move.
Where TEL has typically landed a month from the 2026-09-16 close of $202.2 — the range is history, not a prediction.
- now $202.2 (+0.0%)
- typicalThe typical outcome — half of similar past periods did better and half did worse (not an average, so a few wild periods don't skew it). $203.3 (+0.5%)
- middle 50%The central range of outcomes — half of similar past periods landed inside it, a quarter finished above, a quarter below. $193.61–$212.99
- 90% rangeA nine-in-ten range — in about nine of every ten similar past periods the outcome stayed within these bounds. $180.4–$226.51
| Start | Return | Max drop | Max rise |
|---|---|---|---|
| 3 worst | |||
| 2009-02-05 | −48.1% | −48.1% | +3.1% |
| 2009-02-06 | −43.7% | −49.7% | +0.0% |
| 2009-02-04 | −43.6% | −43.6% | +5.8% |
| 3 best | |||
| 2009-03-30 | +71.9% | +0.0% | +71.9% |
| 2009-03-18 | +66.0% | +0.0% | +66.0% |
| 2009-03-09 | +60.9% | +0.0% | +72.5% |
4,685 overlapping windows · 2008-01-02 – 2026-09-16 · not cherry-picked
Fundamentals iCompany financials — revenue, earnings, margins — from the newest filings shown, each carried with its date.iAs-reported figures and standard ratios from FMP, as of 2026-07-25. Revenue, net income and free cash flow can toggle annual or quarterly; margin, ROE and debt-to-equity are shown by fiscal year. We report the figures and the trend — no target price and no over/under-valued call. More on /methodology.
Fair value — three views iIndependent reference estimates of worth (a cash-flow model, peer multiples, analyst targets), shown as separate views — not a single verdict.
iThree independent estimates of per-share value, each by a different method and each with its own assumptions: a discounted-cash-flow intrinsic value, a peer comparable (the median trailing P/E of 80 sector peers times this company's trailing EPS), and the analyst price-target consensus. They routinely disagree — that gap is the point. We show the three marks and the current price; we do not blend them into a single number or call the stock over- or under-valued. Marks as of the latest capture. More on /methodology.- DCF (intrinsic)$169.27
- Peer P/E × EPS · sector median 34.2× · n=80$348.89
- Analyst target · range $225.00–$300.00$237.50
- Current price · last close 2026-09-16$202.20
Seasonality · by month iHow this security has tended to do in each calendar month historically — a frequency, never a prediction.
iFor each calendar month, the share of years this security closed higher than the month before, and the average month-over-month return, over ~19 years of its own price history. Cells are shaded by average return. This is historical frequency, not a prediction — no month is a signal.Up-frequency and average month-over-month return · historical frequency, not a prediction
Reported insider & political trades
Every Form 4 the people closest to this company have filed with the SEC — plotted against the share price, aggregated by month, and shown with the gap between when each trade happened and when it was disclosed. A public record, not advice.
| Date | Person | Role | Action | Shares @ price | Value | Ownership Δ | vs S&P 1m | vs S&P 6m | Owned after | Filing |
|---|---|---|---|---|---|---|---|---|---|---|
| 2026-06-01 | Kroeger Shadrak W | officer | Sale | 9,400 @ $215.00 | $2.0M | −26.6% of holding | −3.1% | not yet — horizon still open | 25,976 | Form 4 · filed 1 day after the trade |
| 2026-05-06 | Kroeger Shadrak W | officer | Sale | 9,400 @ $215.00 | $2.0M | −26.6% of holding | −1.8% | not yet — horizon still open | 25,976 | Form 4 · filed 1 day after the trade |
| 2026-04-08 | Kroeger Shadrak W | officer | Sale | 4,930 @ $222.85 | $1.1M | −16.0% of holding | −14.0% | not yet — horizon still open | 25,976 | Form 4 · filed 1 day after the trade |
| 2026-04-08 | Kroeger Shadrak W | officer | Sale | 4,470 @ $223.72 | $1.0M | −12.6% of holding | −14.0% | not yet — horizon still open | 30,906 | Form 4 · filed 1 day after the trade |
| 2026-03-02 | Kroeger Shadrak W | officer | Sale | 3,370 @ $221.94 | $748K | −11.5% of holding | +3.6% | −15.1% | 25,976 | Form 4 · filed 1 day after the trade |
| 2026-03-02 | Kroeger Shadrak W | officer | Sale | 2,059 @ $225.65 | $465K | −6.6% of holding | +3.6% | −15.1% | 29,346 | Form 4 · filed 1 day after the trade |
| 2026-03-02 | Kroeger Shadrak W | officer | Sale | 2,015 @ $222.77 | $449K | −6.0% of holding | +3.6% | −15.1% | 31,405 | Form 4 · filed 1 day after the trade |
| 2026-03-02 | Kroeger Shadrak W | officer | Sale | 1,400 @ $219.56 | $307K | −4.0% of holding | +3.6% | −15.1% | 33,420 | Form 4 · filed 1 day after the trade |
| 2026-03-02 | Kroeger Shadrak W | officer | Sale | 550 @ $220.94 | $122K | −1.6% of holding | +3.6% | −15.1% | 34,820 | Form 4 · filed 1 day after the trade |
| 2026-03-02 | Kroeger Shadrak W | officer | Sale | 6 @ $223.40 | $1K | −0.0% of holding | +3.6% | −15.1% | 35,370 | Form 4 · filed 1 day after the trade |
| 2026-02-13 | Kroeger Shadrak W | officer | Sale | 6,565 @ $233.64 | $1.5M | −20.2% of holding | −11.6% | −21.6% | 25,976 | Form 4 · filed 4 days after the trade |
| 2026-02-13 | Kroeger Shadrak W | officer | Sale | 3,203 @ $234.22 | $750K | −9.0% of holding | −11.6% | −21.6% | 32,541 | Form 4 · filed 4 days after the trade |
| 2026-02-13 | Kroeger Shadrak W | officer | Sale | 2,797 @ $235.03 | $657K | −7.3% of holding | −11.6% | −21.6% | 35,744 | Form 4 · filed 4 days after the trade |
| 2026-02-13 | SHAFFER REUBEN M. | officer | Sale | 1,425 @ $234.23 | $334K | −100.0% of holding | −11.6% | −21.6% | 0 | Form 4 · filed 4 days after the trade |
| 2026-02-13 | Kroeger Shadrak W | officer | Sale | 900 @ $236.29 | $213K | −2.3% of holding | −11.6% | −21.6% | 38,541 | Form 4 · filed 4 days after the trade |
| 2026-02-13 | Kroeger Shadrak W | officer | Sale | 700 @ $236.96 | $166K | −1.7% of holding | −11.6% | −21.6% | 39,441 | Form 4 · filed 4 days after the trade |
| 2026-02-13 | Kroeger Shadrak W | officer | Sale | 500 @ $231.78 | $116K | −1.2% of holding | −11.6% | −21.6% | 40,141 | Form 4 · filed 4 days after the trade |
| 2026-02-13 | Kroeger Shadrak W | officer | Sale | 300 @ $230.58 | $69K | −0.7% of holding | −11.6% | −21.6% | 41,241 | Form 4 · filed 4 days after the trade |
| 2026-02-13 | Kroeger Shadrak W | officer | Sale | 300 @ $227.36 | $68K | −0.7% of holding | −11.6% | −21.6% | 40,941 | Form 4 · filed 4 days after the trade |
| 2026-02-13 | Kroeger Shadrak W | officer | Sale | 300 @ $224.87 | $67K | −0.7% of holding | −11.6% | −21.6% | 40,641 | Form 4 · filed 4 days after the trade |
| 2026-02-13 | Kroeger Shadrak W | officer | Sale | 200 @ $229.14 | $46K | −0.5% of holding | −11.6% | −21.6% | 41,741 | Form 4 · filed 4 days after the trade |
| 2026-02-13 | Kroeger Shadrak W | officer | Sale | 200 @ $226.25 | $45K | −0.5% of holding | −11.6% | −21.6% | 41,541 | Form 4 · filed 4 days after the trade |
| 2026-02-09 | Jenkins John S | officer | Sale | 6,155 @ $222.81 | $1.4M | −22.0% of holding | −6.6% | −14.4% | 21,810 | Form 4 · filed same day |
| 2025-12-19 | CURTIN TERRENCE R | director | Sale | 10,217 @ $229.84 | $2.3M | −11.5% of holding | −0.6% | −21.4% | 78,943 | Form 4 · filed 3 days after the trade |
| 2025-12-19 | MITTS HEATH A | director | Sale | 4,289 @ $226.63 | $972K | −13.8% of holding | −0.6% | −21.4% | 26,854 | Form 4 · filed same day |
| 2025-12-19 | CURTIN TERRENCE R | director | Sale | 4,100 @ $227.50 | $933K | −4.4% of holding | −0.6% | −21.4% | 89,160 | Form 4 · filed 3 days after the trade |
| 2025-12-19 | CURTIN TERRENCE R | director | Sale | 3,600 @ $226.72 | $816K | −3.7% of holding | −0.6% | −21.4% | 93,260 | Form 4 · filed 3 days after the trade |
| 2025-12-19 | CURTIN TERRENCE R | director | Sale | 2,600 @ $228.42 | $594K | −2.6% of holding | −0.6% | −21.4% | 96,860 | Form 4 · filed 3 days after the trade |
| 2025-12-19 | MITTS HEATH A | director | Sale | 1,980 @ $227.36 | $450K | −6.0% of holding | −0.6% | −21.4% | 31,143 | Form 4 · filed same day |
| 2025-12-19 | CURTIN TERRENCE R | director | Sale | 300 @ $230.33 | $69K | −0.3% of holding | −0.6% | −21.4% | 99,460 | Form 4 · filed 3 days after the trade |
| 2025-12-18 | CURTIN TERRENCE R | director | Sale | 15,885 @ $225.65 | $3.6M | −13.7% of holding | +0.6% | −18.9% | 99,760 | Form 4 · filed 4 days after the trade |
| 2025-12-18 | CURTIN TERRENCE R | director | Sale | 3,632 @ $224.77 | $816K | −3.0% of holding | +0.6% | −18.9% | 115,645 | Form 4 · filed 4 days after the trade |
| 2025-12-18 | MITTS HEATH A | director | Sale | 3,238 @ $225.46 | $730K | −8.9% of holding | +0.6% | −18.9% | 33,123 | Form 4 · filed 1 day after the trade |
| 2025-12-18 | MITTS HEATH A | director | Sale | 2,095 @ $226.31 | $474K | −5.4% of holding | +0.6% | −18.9% | 36,361 | Form 4 · filed 1 day after the trade |
| 2025-12-18 | MITTS HEATH A | director | Sale | 936 @ $226.97 | $212K | −2.4% of holding | +0.6% | −18.9% | 38,456 | Form 4 · filed 1 day after the trade |
| 2025-12-18 | CURTIN TERRENCE R | director | Sale | 700 @ $226.64 | $159K | −0.6% of holding | +0.6% | −18.9% | 119,277 | Form 4 · filed 4 days after the trade |
| 2025-12-18 | CURTIN TERRENCE R | director | Sale | 600 @ $223.62 | $134K | −0.5% of holding | +0.6% | −18.9% | 119,977 | Form 4 · filed 4 days after the trade |
| 2025-11-03 | MITTS HEATH A | director | Sale | 46,226 @ $247.79 | $11.5M | −50.4% of holding | −6.3% | −19.9% | 45,503 | Form 4 · filed 1 day after the trade |
| 2025-11-03 | MITTS HEATH A | director | Sale | 22,474 @ $246.59 | $5.5M | −19.7% of holding | −6.3% | −19.9% | 91,729 | Form 4 · filed 1 day after the trade |
| 2025-11-03 | Jenkins John S | officer | Sale | 22,031 @ $247.71 | $5.5M | −51.3% of holding | −6.3% | −19.9% | 20,903 | Form 4 · filed 1 day after the trade |
| 2025-11-03 | MITTS HEATH A | director | Sale | 12,141 @ $245.58 | $3.0M | −9.6% of holding | −6.3% | −19.9% | 114,203 | Form 4 · filed 1 day after the trade |
| 2025-11-03 | Jenkins John S | officer | Sale | 2,897 @ $247.91 | $718K | −6.3% of holding | −6.3% | −19.9% | 42,934 | Form 4 · filed 1 day after the trade |
| 2025-11-03 | MITTS HEATH A | director | Sale | 1,459 @ $248.32 | $362K | −1.1% of holding | −6.3% | −19.9% | 126,344 | Form 4 · filed 1 day after the trade |
| 2025-11-03 | Jenkins John S | officer | Sale | 93 @ $248.26 | $23K | −0.2% of holding | −6.3% | −19.9% | 45,831 | Form 4 · filed 1 day after the trade |
| 2025-09-02 | Kroeger Shadrak W | officer | Sale | 13,046 @ $203.47 | $2.7M | −33.4% of holding | +3.7% | −4.8% | 25,976 | Form 4 · filed 1 day after the trade |
| 2025-09-02 | Kroeger Shadrak W | officer | Sale | 7,221 @ $202.83 | $1.5M | −15.6% of holding | +3.7% | −4.8% | 39,022 | Form 4 · filed 1 day after the trade |
| 2025-09-02 | Kroeger Shadrak W | officer | Sale | 3,583 @ $201.59 | $722K | −7.2% of holding | +3.7% | −4.8% | 46,243 | Form 4 · filed 1 day after the trade |
| 2025-07-28 | CURTIN TERRENCE R | director | Sale | 109,051 @ $209.21 | $22.8M | −58.0% of holding | −2.1% | +1.2% | 78,942 | Form 4 · filed 1 day after the trade |
| 2025-07-28 | CURTIN TERRENCE R | director | Sale | 61,514 @ $208.26 | $12.8M | −24.7% of holding | −2.1% | +1.2% | 187,993 | Form 4 · filed 1 day after the trade |
| 2025-07-28 | Jenkins John S | officer | Sale | 37,932 @ $209.21 | $7.9M | −60.6% of holding | −2.1% | +1.2% | 24,625 | Form 4 · filed 1 day after the trade |
| 2025-07-28 | CURTIN TERRENCE R | director | Sale | 16,041 @ $206.87 | $3.3M | −6.0% of holding | −2.1% | +1.2% | 249,507 | Form 4 · filed 1 day after the trade |
| 2025-07-28 | CURTIN TERRENCE R | director | Sale | 10,494 @ $209.84 | $2.2M | −3.8% of holding | −2.1% | +1.2% | 265,548 | Form 4 · filed 1 day after the trade |
| 2025-07-28 | Jenkins John S | officer | Sale | 7,918 @ $209.94 | $1.7M | −11.2% of holding | −2.1% | +1.2% | 62,557 | Form 4 · filed 1 day after the trade |
| 2025-07-28 | SAGAR MALAVIKA | officer | Sale | 1,945 @ $207.20 | $403K | −29.2% of holding | −2.1% | +1.2% | 4,716 | Form 4 · filed 1 day after the trade |
| 2025-07-23 | Stucki Aaron Kyle | officer | Sale | 32,900 @ $189.00 | $6.2M | −58.2% of holding | −1.1% | +6.0% | 23,667 | Form 4 · filed 1 day after the trade |
| 2025-07-23 | Stucki Aaron Kyle | officer | Sale | 20,000 @ $199.00 | $4.0M | −26.1% of holding | −1.1% | +6.0% | 56,567 | Form 4 · filed 1 day after the trade |
| 2025-06-26 | Stucki Aaron Kyle | officer | Sale | 13,100 @ $170.00 | $2.2M | −35.6% of holding | +19.7% | +24.6% | 23,657 | Form 4 · filed 1 day after the trade |
| 2025-06-02 | Kroeger Shadrak W | officer | Sale | 15,792 @ $158.78 | $2.5M | −37.8% of holding | +3.5% | +26.8% | 25,976 | Form 4 · filed 1 day after the trade |
| 2025-06-02 | Kroeger Shadrak W | officer | Sale | 9,208 @ $159.46 | $1.5M | −18.1% of holding | +3.5% | +26.8% | 41,768 | Form 4 · filed 1 day after the trade |
| 2025-05-13 | Jenkins John S | officer | Sale | 20,400 @ $162.85 | $3.3M | −45.3% of holding | −0.2% | +36.4% | 24,625 | Form 4 · filed 1 day after the trade |
The vs-S&P columns are a labeled look-back on what the stock did after each filing, measured against the index over the same window. Descriptive history, not a claim about the person or a reason to trade.
133 award / exercise / gift records — not counted as purchases
Awards, option exercises, gifts and tax-withholding disposals are shown separately and never counted as open-market purchases or sales — they carry no conviction information.
| Date | Person | Role | Action | Shares | Owned after | Filing |
|---|---|---|---|---|---|---|
| 2026-09-11 | SHAFFER REUBEN M. | officer | Award / grant | 5 | 1,430 | Form 4 |
| 2026-09-11 | SAGAR MALAVIKA | officer | Award / grant | 4 | 1,051 | Form 4 |
| 2026-06-12 | SAGAR MALAVIKA | officer | Award / grant | 4 | 1,047 | Form 4 |
| 2026-06-12 | SHAFFER REUBEN M. | officer | Award / grant | 5 | 1,425 | Form 4 |
| 2026-06-01 | Kroeger Shadrak W | officer | Option exercise | 9,400 | 35,376 | Form 4 |
| 2026-06-01 | Kroeger Shadrak W | officer | Option exercise | 9,400 | 0 | Form 4 |
| 2026-05-15 | SAGAR MALAVIKA | officer | Withheld for tax | 297 | 6,500 | Form 4 |
| 2026-05-15 | SAGAR MALAVIKA | officer | Option exercise | 1,043 | 1,043 | Form 4 |
| 2026-05-15 | SAGAR MALAVIKA | officer | Option exercise | 1,043 | 6,798 | Form 4 |
| 2026-05-06 | Kroeger Shadrak W | officer | Option exercise | 9,400 | 35,376 | Form 4 |
| 2026-05-06 | Kroeger Shadrak W | officer | Option exercise | 9,400 | 9,400 | Form 4 |
| 2026-04-08 | Kroeger Shadrak W | officer | Option exercise | 9,400 | 35,376 | Form 4 |
| 2026-04-08 | Kroeger Shadrak W | officer | Option exercise | 9,400 | 18,800 | Form 4 |
| 2026-03-13 | SAGAR MALAVIKA | officer | Award / grant | 7 | 2,086 | Form 4 |
| 2026-03-13 | SHAFFER REUBEN M. | officer | Award / grant | 5 | 1,420 | Form 4 |
| 2026-03-02 | Kroeger Shadrak W | officer | Option exercise | 9,400 | 28,200 | Form 4 |
| 2026-03-02 | Kroeger Shadrak W | officer | Option exercise | 9,400 | 35,376 | Form 4 |
| 2026-02-13 | Kroeger Shadrak W | officer | Option exercise | 9,400 | 41,941 | Form 4 |
| 2026-02-13 | Kroeger Shadrak W | officer | Option exercise | 9,400 | 37,600 | Form 4 |
| 2025-12-16 | CURTIN TERRENCE R | director | Withheld for tax | 32,042 | 120,577 | Form 4 |
| 2025-12-16 | MITTS HEATH A | director | Withheld for tax | 9,263 | 39,392 | Form 4 |
| 2025-12-16 | Jenkins John S | officer | Withheld for tax | 5,217 | 27,965 | Form 4 |
| 2025-12-16 | Kroeger Shadrak W | officer | Withheld for tax | 5,096 | 32,541 | Form 4 |
| 2025-12-16 | Stucki Aaron Kyle | officer | Withheld for tax | 3,635 | 26,418 | Form 4 |
| 2025-12-16 | SAGAR MALAVIKA | officer | Withheld for tax | 799 | 5,755 | Form 4 |
| 2025-12-16 | Jenkins John S | officer | Award / grant | 12,279 | 33,182 | Form 4 |
| 2025-12-16 | CURTIN TERRENCE R | director | Award / grant | 73,676 | 152,618 | Form 4 |
| 2025-12-16 | SAGAR MALAVIKA | officer | Award / grant | 1,838 | 6,554 | Form 4 |
| 2025-12-16 | Kroeger Shadrak W | officer | Award / grant | 11,661 | 37,637 | Form 4 |
| 2025-12-16 | MITTS HEATH A | director | Award / grant | 21,801 | 48,655 | Form 4 |
| 2025-12-16 | Stucki Aaron Kyle | officer | Award / grant | 9,823 | 30,052 | Form 4 |
| 2025-12-12 | SAGAR MALAVIKA | officer | Award / grant | 6 | 2,079 | Form 4 |
| 2025-12-12 | SHAFFER REUBEN M. | officer | Award / grant | 4 | 1,415 | Form 4 |
| 2025-11-17 | Washington Kenneth E | director | Withheld for tax | 400 | 433 | Form 4 |
| 2025-11-17 | Washington Kenneth E | director | Award / grant | 833 | 833 | Form 4 |
| 2025-11-15 | SHAFFER REUBEN M. | officer | Withheld for tax | 1,425 | 1,129 | Form 4 |
| 2025-11-15 | SHAFFER REUBEN M. | officer | Option exercise | 2,554 | 1,411 | Form 4 |
| 2025-11-15 | SHAFFER REUBEN M. | officer | Option exercise | 2,554 | 2,554 | Form 4 |
| 2025-11-13 | Wright Laura | director | Withheld for tax | 403 | 17,119 | Form 4 |
| 2025-11-13 | TALWALKAR ABHIJIT Y | director | Withheld for tax | 403 | 6,369 | Form 4 |
Source: SEC Form 4 filings. Each row links to its original filing.
Across 2012–2021, stocks where a CEO, C-suite officer, or director had recently made an open-market common-stock purchase ran about +28 bp per month above the universe average (n=34,268 stock-weeks). A historical tendency, not a prediction.
Congressional disclosures iStock trades disclosed by members of Congress for this company, by the date they were filed.iDisclosures shown as facts. A purchase “cluster” (≥2 members of Congress filing a buy within 90 days) has historically preceded modestly higher forward returns — and it persisted out-of-sample, though it roughly halved after 2021 (see below). A descriptive historical tendency, not a signal to trade and not used in our forecast. See /methodology.
As of 2026-09-16 · point-in-time by filed date
A cluster = ≥2 members of Congress filing a purchase within 90 days. The historical tilt persisted after 2021 but roughly halved (+45 → +32 bp/mo forward 1-month vs the S&P 500 weekly-grid baseline). Descriptive historical tendency — not a signal to trade, and not used in our forecast (audition-log 2026-07-27, recomputed 2026-09-08).
| Member | Chamber | Type | Filed | Traded | Size |
|---|---|---|---|---|---|
| Gilbert Cisneros | House | purchase | 2026-07-02 | 2026-06-05 | $1–15K |
| Gilbert Cisneros | House | purchase | 2026-06-08 | 2026-05-29 | $1–15K |
| Gilbert Cisneros | House | purchase | 2026-04-07 | 2026-03-18 | $1–15K |
| Sheri Biggs | House | sale | 2025-10-05 | 2025-03-19 | $15–50K |
| Josh Gottheimer | House | purchase | 2025-06-11 | 2025-05-22 | $1–15K |
| Josh Gottheimer | House | sale | 2025-05-14 | 2025-04-17 | $15–50K |
| Josh Gottheimer | House | sale | 2025-05-14 | 2025-04-09 | $1–15K |
| Rob Bresnahan | House | purchase | 2025-05-08 | 2025-04-08 | $1–15K |
| Greg Landsman | House | sale | 2025-04-08 | 2025-03-25 | $15–50K |
| Josh Gottheimer | House | purchase | 2025-02-10 | 2025-01-23 | $1–15K |
| Josh Gottheimer | House | purchase | 2024-11-06 | 2024-10-04 | $1–15K |
| Josh Gottheimer | House | purchase | 2024-11-06 | 2024-10-03 | $1–15K |
| Greg Landsman | House | purchase | 2024-08-14 | 2024-05-29 | $15–50K |
| Josh Gottheimer | House | purchase | 2024-07-09 | 2024-06-25 | $1–15K |
Research tool, not investment advice — historical frequencies, not recommendations. A product of Marovel Technologies LLC. Full terms.