Form 4: Network-1 Technologies CEO Corey Horowitz Reports Stock Transactions
SEC Form 4 Filing
Corey Horowitz, CEO and Chairman of Network-1 Technologies, reports the vesting and subsequent tax-related disposal of shares.
Summary
- Corey M. Horowitz, CEO and Chairman of Network-1 Technologies, filed a Form 4 on March 26, 2024, reporting transactions related to the company's common stock.
- On March 22, 2024, 75,000 restricted stock units vested, each representing a contingent right to receive one share of common stock.
- Horowitz surrendered 23,505 shares to cover withholding taxes at a price of $2.09 per share, resulting in a net issuance of 51,495 shares.
- Following these transactions, Horowitz directly owns 3,983,954 shares.
- He also indirectly owns shares through CMH Capital Management Corp., his spouse, trusts for his children, Horowitz Partners, and CMH Capital Management Corp. Profit Sharing Plan.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, so the sentiment is neutral.
Industry Context
This filing is a routine disclosure required by the SEC for corporate insiders and provides transparency regarding their stock transactions.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in the number of shares outstanding.
Key Dates
| Date | Description |
|---|---|
| 03/22/2022 | Date of Mr. Horowitz's employment agreement with the Issuer. |
| 03/22/2024 | Date of transaction: vesting of restricted stock units and tax withholding. |
| 03/26/2024 | Date of Form 4 filing. |
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