SCHEDULE: Goose Hill Capital Exits Significant Network-1 Stake

Steven D. Heinemann and Goose Hill Capital LLC have filed an amended Schedule 13G, indicating Goose Hill Capital LLC has reduced its beneficial ownership in Network-1 Technologies, Inc. below the 5% threshold.

Summary

• Steven D. Heinemann beneficially owns 1,340,408 shares of Network-1 Technologies, Inc. common stock, representing 5.9% of the class.
• This includes 886,908 shares held by Goose Hill Capital LLC, of which Mr. Heinemann is the sole member.
• Goose Hill Capital LLC has ceased to be a beneficial owner of more than 5% of Network-1 Technologies, Inc. common stock, now holding 886,908 shares, or 3.9% of the class.
• The percentages are calculated based on 22,819,661 shares of Common Stock outstanding as reported in the Issuer's Form 10-Q for the quarterly period ended September 30, 2025.

Sentiment

Score: 4

Explanation: StockSavvy.ai views this as a moderately negative development, as a significant institutional holder reducing its stake below the 5% threshold can signal diminished conviction or a strategic portfolio adjustment.

Negatives

• Goose Hill Capital LLC, previously a significant beneficial owner, has reduced its stake in Network-1 Technologies, Inc. below the 5% threshold, indicating a partial exit from a substantial position.

Future Outlook

NA

Industry Context

StockSavvy.ai notes that a reduction in a significant beneficial owner's stake, particularly below a key disclosure threshold like 5%, can sometimes signal a shift in investor confidence or portfolio reallocation. While Steven D. Heinemann maintains a 5.9% stake, the partial exit by Goose Hill Capital LLC could be interpreted by the market as a less bullish stance on Network-1 Technologies, Inc. compared to previous periods.

Stakeholder Impact

• Shareholders: May interpret the reduction in stake by Goose Hill Capital LLC as a negative signal, potentially leading to increased selling pressure or a re-evaluation of the company's prospects.

Key Dates

Recommendation

The reduction in Goose Hill Capital LLC's stake below the 5% threshold, while Steven D. Heinemann retains a 5.9% position, suggests a partial divestment by a significant holder. This action, without further context, warrants a cautious 'hold' recommendation as it could signal a re-evaluation of the investment by a sophisticated party, potentially impacting market sentiment.

Keywords

Network-1 Technologies, NWN, Schedule 13G, Beneficial Ownership, Steven D. Heinemann, Goose Hill Capital LLC, Shareholder Activity, Institutional Ownership, SEC Filing