OCONNELL MAUREEN 4

What Happened

• Director Maureen O'Connell was granted 25,052 restricted shares of Acacia Research Corporation (ACTG) on June 23, 2026. The shares were awarded at $0.00 per share (transaction code A — award/grant). This is an equity award, not an open-market purchase or sale.

Key Details

• Transaction date: June 23, 2026 (reported on Form 4 filed June 25, 2026).
• Grant: 25,052 restricted shares; price reported: $0.00; aggregate cash value at grant: $0 (nominal grant price).
• Vesting: 100% of the restricted stock vests on the first anniversary of the grant (June 23, 2027), per footnote and the 2024 Stock Incentive Plan.
• Ownership after transaction: not specified in the provided filing summary.
• Filing timeliness: filed within two business days of the transaction date (timely).
• Footnote: part of the company’s annual equity awards to non‑employee directors under the 2024 Acacia Research Corporation Stock Incentive Plan.

Context

• Restricted stock grants to non-employee directors are common compensation for board service and typically vest over time; they are routine and do not necessarily signal a change in the director’s view of the company. Because the shares vest in one year and are subject to plan terms, they are not immediately tradable.
• For investors tracking insider activity, outright purchases are often more informative of personal conviction than routine awards. This filing documents a grant rather than a buy or sale.