Form 4: Acacia Research Corp: Interim CFO Kirsten Hoover Reports Stock Transaction
SEC Form 4 Filing
Interim CFO Kirsten Hoover reports the disposal of 4,098 shares of Acacia Research Corp stock to cover tax obligations related to vesting restricted stock.
Summary
- On March 8, 2024, Kirsten Hoover, Interim CFO of Acacia Research Corp, disposed of 4,098 shares of ACTG common stock.
- The transaction was executed to cover tax withholding obligations related to the vesting of 10,000 shares of restricted stock.
- The price per share was $4.02.
- Following the transaction, Hoover directly owns 112,090 shares of ACTG common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing a routine stock transaction. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates activity by the Interim CFO of Acacia Research Corp.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it involves a small number of shares being disposed of by an officer to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/08/2024 | Date of stock transaction (disposal of shares). |
| 03/08/2024 | Date of vesting of 10,000 shares of restricted stock. |
| 03/11/2024 | Date of signature on the Form 4 filing. |
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