Form 4: Acacia Research Director Gifts Shares to Family Trust

Acacia Research Corp. Director Michelle Felman gifted over 23,000 shares of common stock to an irrevocable trust for her son.

Summary

• Michelle Felman, a Director of Acacia Research Corp. (ACTG), reported changes in her beneficial ownership of the company's common stock.
• On August 11, 2025, Ms. Felman gifted a total of 23,121 shares of ACTG common stock.
• The shares were gifted in two separate transactions: 11,560 shares and 11,561 shares.
• The gifts were made to an irrevocable trust for no consideration, benefiting her son.
• Following these transactions, Ms. Felman's direct beneficial ownership of ACTG common stock stands at 32,172 shares.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the filing reports a personal gifting transaction by a director, which typically has no direct positive or negative implications for the company's operational or financial performance.

Future Outlook

The filing does not contain any forward-looking statements or guidance regarding the company's future performance or strategic direction.

Industry Context

This filing is a routine insider transaction disclosure and does not provide insights into broader industry trends or competitive dynamics. It reflects a personal financial planning decision by a director.

Related Party Transactions

• Michelle Felman gifted 23,121 shares of ACTG common stock to an irrevocable trust for the benefit of her son.

Stakeholder Impact

• Shareholders: The transaction represents a minor reduction in a director's direct beneficial ownership, but the shares remain within a related party's control (an irrevocable trust for her son), indicating continued alignment of interests. The overall impact on the company's share structure or market perception is minimal.

Key Dates

Keywords

Acacia Research Corp, ACTG, Michelle Felman, Director, Insider Transaction, Stock Gift, Beneficial Ownership, SEC Form 4