Form 4: Network-1 Technologies Executive Exercises Stock Options and Sells Shares to Cover Taxes

Jonathan M. Greene, Executive VP & Secretary of Network-1 Technologies, exercised stock options and sold shares to cover tax obligations on January 24, 2025.

Summary

• Jonathan M. Greene, an executive at Network-1 Technologies, exercised 7,500 restricted stock units on January 24, 2025.
• These units converted into 7,500 shares of common stock.
• Mr. Greene also sold 2,674 shares of common stock at $1.37 per share to cover withholding taxes related to the vesting of the restricted stock units.
• Following these transactions, Mr. Greene beneficially owns 113,249 shares of common stock and 32,500 restricted stock units.

Sentiment

Score: 5

Explanation: The document is a routine SEC filing related to executive stock transactions, and does not indicate any positive or negative sentiment.

Industry Context

This is a routine filing related to executive compensation and is common for publicly traded companies. It reflects the standard practice of executives receiving stock-based compensation and selling shares to cover tax liabilities.

Comparison to Industry Standards

• The vesting of restricted stock units and subsequent sale of shares to cover taxes is a common practice among publicly traded companies.
• Many companies use stock-based compensation to align executive interests with shareholder value.
• The specific number of shares and price are specific to Network-1 Technologies and its compensation plans.

Stakeholder Impact

• The transaction has a minor impact on the total number of shares outstanding.
• The sale of shares by an executive may be viewed neutrally by shareholders as it is a common practice.

Key Dates

Keywords

stock options, restricted stock units, insider trading, executive compensation, share ownership, Network-1 Technologies, NTIP