NETWORK-1 TECHNOLOGIES, INC. 8-K
Research Summary
AI-generated summary
Network-1 Technologies Announces 10b5-1 Share Repurchase Plan
What Happened
- Network-1 Technologies, Inc. (NTIP) filed an 8-K (Item 8.01) reporting that its Board authorized and the company adopted a Rule 10b5-1 trading plan to allow share repurchases.
- The plan authorizes a third‑party broker to buy up to 1,000,000 shares of the company’s common stock, subject to price, market, volume and timing constraints and in compliance with Rules 10b5-1 and 10b-18.
- Two purchase windows are specified: (1) beginning January 2, 2026 until two trading days after the company issues a press release with financial results for the year ended December 31, 2025; and (2) beginning April 1, 2026 until two trading days after the company issues a press release with financial results for the quarter ended March 31, 2026.
Key Details
- Board approved written 10b5-1 trading plan (Item 8.01 filed 2025-12-30).
- Up to 1,000,000 shares may be purchased by a third‑party broker.
- Purchase windows: Jan 2, 2026 → two trading days after FY 2025 results release; Apr 1, 2026 → two trading days after Q1 2026 results release.
- All purchases subject to plan terms and Rules 10b5-1 and 10b-18 (price, market, volume, timing constraints).
Why It Matters
- The 10b5-1 plan gives the company a structured, compliance‑safe way to repurchase shares even when normal trading might be restricted, potentially reducing outstanding share count if purchases occur.
- For investors, this signals the Board has authorized repurchases and provides a clear ceiling (1,000,000 shares) and timing windows, but the filing does not guarantee any specific volume or timing of actual purchases.