Form 4: Acacia Research Corp Director Gavin Molinelli Reports Transaction
SEC Form 4 Filing
Director Gavin Molinelli reports acquisition and disposal of Acacia Research Corp (ACTG) common stock on May 21, 2024.
Summary
- On May 21, 2024, Gavin Molinelli, a director of Acacia Research Corp (ACTG), reported a transaction involving the company's common stock.
- Molinelli acquired 12,104 shares at a price of $5.68 per share.
- Following the reported transaction, Molinelli directly owns 57,498 shares of Acacia Research Corp.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing related to a director's stock transactions. It doesn't inherently indicate positive or negative sentiment.
Industry Context
Form 4 filings are standard practice for company insiders (directors, officers, and major shareholders) to report transactions in their company's stock, providing transparency to the market.
Stakeholder Impact
- The transaction may have a minor impact on shareholders as it reflects insider activity, which can influence investor sentiment.
Key Dates
| Date | Description |
|---|---|
| 05/21/2024 | Date of transaction: Gavin Molinelli acquired and disposed of Acacia Research Corp common stock. |
| 05/22/2024 | Date of signature for the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.