Form 4: Acacia Research CEO McNulty Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Acacia Research CEO Martin D. McNulty Jr. sold 7,804 shares of ACTG common stock on March 10, 2025, to cover tax obligations related to vesting restricted stock.
Summary
- On March 10, 2025, Martin D. McNulty Jr., CEO of Acacia Research Corp (ACTG), disposed of 7,804 shares of common stock.
- The transaction was executed to satisfy tax withholding obligations related to the vesting of 20,000 shares of restricted stock on the same date.
- The shares were sold at a price of $4.19 per share.
- Following the transaction, McNulty directly owns 179,817 shares of ACTG common stock.
Sentiment
Score: 5
Explanation: The document describes a routine transaction (selling shares to cover tax obligations). It doesn't indicate any significant positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This transaction appears to be a standard sale to cover tax obligations, which is a common practice.
Stakeholder Impact
- The sale of shares by the CEO could have a minor, temporary impact on the stock price, but is unlikely to have a significant long-term effect.
Key Dates
| Date | Description |
|---|---|
| 03/10/2025 | Date of transaction: McNulty disposed of shares to cover tax obligations related to vesting of restricted stock. |
| 03/10/2025 | Date of vesting: 20,000 shares of restricted stock vested. |
| 03/11/2025 | Date of signature on the SEC Form 4 filing. |
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