Form 4: Acacia Research General Counsel Sells Shares for Tax

Acacia Research's General Counsel, Jason W. Soncini, disposed of 6,147 shares of common stock to cover tax obligations related to restricted stock vesting.

Summary

• Jason W. Soncini, General Counsel of Acacia Research Corp (ACTG), reported a transaction on March 23, 2026.
• The transaction involved the disposition of 6,147 shares of ACTG Common Stock at a price of $4.85 per share.
• This disposition was made to satisfy tax withholding obligations related to the vesting of 15,252 shares of restricted stock on March 21, 2026.
• Following this transaction, Soncini beneficially owns 191,551 shares of ACTG Common Stock directly.
• The transaction was made pursuant to a Rule 10b5-1(c) plan.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event, as it represents a routine administrative transaction for tax purposes following the vesting of restricted stock, rather than a discretionary sale indicating a change in executive sentiment or company performance.

Positives

• Vesting of 15,252 shares of restricted stock on March 21, 2026, indicates successful achievement of compensation milestones for the General Counsel.

Negatives

• A reduction of 6,147 shares from the General Counsel's direct beneficial ownership.

Future Outlook

This filing does not contain any forward-looking statements or guidance.

Industry Context

StockSavvy.ai notes that tax-related sales of shares upon the vesting of restricted stock are a common and routine occurrence for executives receiving equity compensation across various industries. This transaction is typical for managing tax liabilities associated with such compensation.

Stakeholder Impact

• Shareholders: Minimal impact, as this is a routine tax-related transaction by an insider and not indicative of a change in company fundamentals or executive confidence.

Key Dates

Keywords

Acacia Research, ACTG, Insider Trading, Form 4, Restricted Stock, Tax Withholding, Executive Compensation, Stock Sale