SCHEDULE 13G/A: Steven D. Heinemann and Goose Hill Capital Disclose Significant Stake in Network-1 Technologies

Steven D. Heinemann and Goose Hill Capital LLC have filed an amended Schedule 13G, disclosing beneficial ownership of 7.5% and 5.0% respectively, in Network-1 Technologies, Inc.'s common stock as of December 31, 2024.

Summary

• Steven D. Heinemann beneficially owns 1,737,893 shares of Network-1 Technologies, Inc.'s common stock, representing 7.5% of the class.
• This ownership includes 1,152,760 shares held by Goose Hill Capital LLC, of which Mr. Heinemann is the sole member.
• Goose Hill Capital LLC separately reports beneficial ownership of 1,152,760 shares, which constitutes 5.0% of the common stock.
• The percentages are calculated based on 23,036,537 shares of common stock outstanding, as reported in Network-1 Technologies, Inc.'s Form 10-Q for the quarterly period ended September 30, 2024.
• Both Steven D. Heinemann and Goose Hill Capital LLC hold sole voting and sole dispositive power over their respective reported shares.
• This filing is Amendment No. 12 to a Schedule 13G, indicating a previous history of beneficial ownership reporting.

Sentiment

Score: 5

Explanation: This is a routine beneficial ownership disclosure (Schedule 13G) and does not inherently convey positive or negative sentiment regarding the company's performance or outlook, but rather reflects an investor's stake.

Positives

• A significant beneficial ownership stake by Steven D. Heinemann (7.5%) and Goose Hill Capital LLC (5.0%) indicates a notable investment interest in Network-1 Technologies, Inc.

Risks

• The certification states that the securities were not acquired or held for the purpose of changing or influencing control of the issuer, except for activities solely in connection with a nomination under Rule 14a-11, which could imply potential future engagement in proxy matters.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Shareholders: Provides transparency regarding significant ownership stakes, potentially influencing investor confidence or perceptions of control.

Key Dates

Keywords

Network-1 Technologies, NWN, Steven D. Heinemann, Goose Hill Capital, Schedule 13G, beneficial ownership, common stock, SEC filing, shareholder stake