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 6,840 shares to cover tax obligations related to restricted stock vesting on March 8, 2024.
Summary
- On March 8, 2024, Jason W. Soncini, the General Counsel of Acacia Research Corp, reported a transaction involving the company's common stock.
- A total of 6,840 shares were withheld to satisfy tax obligations related to the vesting of 15,000 shares of restricted stock.
- The price per share for the transaction was $4.02.
- Following the transaction, Soncini directly owns 234,704 shares of Acacia Research Corp.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing related to tax obligations, so it doesn't inherently indicate positive or negative sentiment. It's a neutral event.
Industry Context
Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders. This filing indicates routine tax-related stock withholding.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it is a standard tax withholding procedure.
Key Dates
| Date | Description |
|---|---|
| 03/08/2024 | Date of stock transaction (tax withholding related to vesting of restricted stock) |
| 03/08/2024 | Vesting date of 15,000 shares of restricted stock |
| 03/11/2024 | Date of signature on the Form 4 filing |
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