Molinelli Gavin 4

What Happened
Gavin Molinelli, a director of Acacia Research Corp (ACTG), received a grant of 25,052 restricted shares on June 23, 2026. The Form 4 reports the acquisition at $0.00 per share (award/grant code A). The award is part of the company’s annual equity grants to non-employee directors.

Key Details

• Transaction date: 2026-06-23; filing date: 2026-06-25 (appears timely).
• Shares granted: 25,052 restricted shares; reported acquisition price: $0.00.
• Shares owned after transaction: not specified on the reported Form 4.
• Footnote: Grant made under the 2024 Acacia Research Corporation Stock Incentive Plan; 100% of the restricted stock vests on the first anniversary of the grant (June 23, 2027).
• Transaction code: A = Award/Grant.

Context
This is a routine equity compensation grant to a non-employee director (common as part of director pay) and does not represent an open-market purchase or sale. The award carries vesting conditions (one-year cliff); until vested, the shares are typically subject to forfeiture/restrictions and thus don’t imply immediate realizable cash value.