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 disposal of 6,147 shares to cover tax obligations related to vesting restricted stock.
Summary
- On March 21, 2025, Jason W. Soncini, the General Counsel of Acacia Research Corp, disposed of 6,147 shares of ACTG common stock.
- The transaction was executed to cover tax withholding obligations related to the vesting of 15,251 shares of restricted stock on the same date.
- The price per share for the transaction was $3.42.
- Following the transaction, Soncini directly owns 202,184 shares of ACTG common stock.
Sentiment
Score: 5
Explanation: Neutral sentiment as the filing reflects a routine transaction for tax purposes and doesn't indicate any strategic shift or concern.
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 disposals following vesting of restricted stock.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine disposal for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 03/21/2025 | Date of stock transaction and vesting of restricted stock. |
| 03/25/2025 | Date of report filing. |
Keywords
Form 4, Acacia Research Corp, ACTG, Insider Trading, Beneficial Ownership, Jason W. Soncini, General Counsel, Stock Disposal, Tax Withholding, Restricted Stock
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