Form 4: Acacia Research Corp: General Counsel Jason W. Soncini Reports Stock Transaction
SEC Form 4 Filing
Jason W. Soncini, General Counsel of Acacia Research Corp, reports the withholding of 6,896 shares to cover tax obligations related to vesting of restricted stock.
Summary
- On March 18, 2024, Jason W. Soncini, General Counsel of Acacia Research Corp, reported a transaction involving Acacia Research Corp (ACTG) common stock.
- The transaction involved the withholding of 6,896 shares at a price of $4.65 to cover tax obligations.
- This withholding was related to the vesting of 15,000 shares of restricted stock on March 16, 2024.
- Following the transaction, Soncini directly owns 227,808 shares of ACTG common stock.
Sentiment
Score: 5
Explanation: This is a routine filing related to tax obligations, so the sentiment is neutral.
Industry Context
Form 4 filings are standard disclosures required by the SEC to ensure transparency in stock transactions by company insiders. This filing indicates routine tax-related stock withholding.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine tax withholding.
Key Dates
| Date | Description |
|---|---|
| 03/16/2024 | Vesting of 15,000 shares of restricted stock. |
| 03/18/2024 | Date of transaction (stock withholding for tax obligations) and filing of Form 4. |
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