Form 4: Acacia Research Corp Executive Jason W. Soncini Reports Stock Disposal to Cover Tax Obligations

Jason W. Soncini, General Counsel of Acacia Research Corp, disposed of 11,486 shares to cover tax obligations related to vesting restricted stock.

Summary

• On June 7, 2024, Jason W. Soncini, the General Counsel of Acacia Research Corp, disposed of 11,486 shares of ACTG common stock.
• The transaction was executed to satisfy tax withholding obligations related to the vesting of 28,500 shares of restricted stock on the same date.
• The shares were disposed of at a price of $5.19 per share.
• Following the transaction, Soncini directly owns 215,175 shares of Acacia Research Corp.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing a stock transaction for tax purposes, which is neither particularly positive nor negative.

Industry Context

Form 4 filings are standard disclosures required by the SEC when company insiders, like officers and directors, trade their company's stock. These filings provide transparency into insider transactions and can be monitored by investors for insights into management's perspective on the company's value and future prospects.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a standard procedure for covering tax obligations.

Key Dates