Form 4: Acacia Research Corp Executive Robert Rasamny Reports Stock Transaction
SEC Form 4 Filing
Robert Rasamny, Chief Administrative Officer of Acacia Research Corp, reports disposition of shares to cover tax obligations related to vesting of restricted stock.
Summary
- On June 7, 2024, Robert Rasamny, Chief Administrative Officer of Acacia Research Corp, disposed of 6,657 shares of ACTG common stock at a price of $5.19 per share.
- This transaction was to satisfy tax withholding obligations related to the vesting of 18,465 shares of restricted stock on the same date.
- Following the transaction, Rasamny beneficially owns 48,738 shares of ACTG common stock directly.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a standard reporting of insider trading activity related to tax obligations.
Industry Context
This is a routine Form 4 filing, indicating an insider transaction related to stock vesting and tax obligations. Such filings are common and provide transparency into executive stock ownership.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine sale of shares to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 06/07/2024 | Date of stock transaction and vesting of restricted stock |
| 06/11/2024 | Date of signature on the Form 4 filing |
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