Form 4: Digimarc CEO and Related Entities Report In-Kind Distribution of Shares

Riley McCormack, CEO of Digimarc, and related entities (TCM Strategic Partners L.P. and TCM Strategic GP LLC) reported an in-kind distribution of Digimarc shares to limited partners.

Summary

• On March 17, 2025, TCM Strategic Partners L.P. distributed 1,385,147 shares of Digimarc stock to its limited partners on a proportionate basis.
• This distribution was an in-kind transaction, meaning no direct payment was involved.
• Riley McCormack, as the sole manager of TCM Strategic GP LLC (the general partner of TCM Partners), and through TCM Strategic L.P., was involved in the transaction.
• The distribution included 32,081 shares that were distributed in a transaction exempt from Section 16 of the Securities Exchange Act of 1934, as amended, pursuant to Rule 16a-13 thereunder.
• Following the transaction, Riley McCormack directly owns 64,659 shares and indirectly owns 32,081 shares through TCM Strategic L.P.
• TCM Partners directly owns 2,355,093 shares.

Sentiment

Score: 5

Explanation: This is a routine regulatory filing related to an internal distribution of shares. It doesn't inherently indicate positive or negative sentiment regarding the company's performance.

Industry Context

Share distributions are a common practice in investment partnerships, allowing partners to receive their pro-rata share of assets. This filing reflects the movement of shares from the partnership to its limited partners.

Stakeholder Impact

• The distribution of shares may have a minor impact on the shareholder base, as the shares are transferred from TCM Strategic Partners L.P. to its limited partners.

Key Dates

Keywords

Digimarc, Riley McCormack, TCM Strategic Partners L.P., TCM Strategic GP LLC, Share Distribution, In-Kind Distribution, Beneficial Ownership, Form 4, DMRC