Form 4: Acacia Research Corp: General Counsel Jason W. Soncini Reports Tax-Related Stock Disposal

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, 2024, Jason W. Soncini, the General Counsel of Acacia Research Corp, disposed of 6,147 shares of ACTG common stock.
• The shares were disposed of to satisfy tax withholding obligations related to the vesting of 15,252 shares of restricted stock on the same date.
• The transaction was executed at a price of $5.18 per share.
• Following the transaction, Soncini directly owns 221,661 shares of Acacia Research Corp.

Sentiment

Score: 5

Explanation: This is a routine transaction related to tax obligations, and it doesn't indicate any significant positive or negative sentiment towards the company.

Industry Context

Form 4 filings are a routine part of the US stock market, providing transparency into the transactions of company insiders. This filing indicates a standard tax-related stock disposal, which is a common occurrence when restricted stock vests.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a standard tax-related disposal.

Key Dates