Acacia Research (ACTG) Director Maureen O'Connell Sells Shares

What Happened

• Maureen O'Connell, a director of Acacia Research Corporation (ACTG), sold a total of 33,000 shares in two open‑market transactions. On 2026-09-02 she sold 20,534 shares at a weighted average price of $4.63 for proceeds of $95,072. On 2026-09-03 she sold 12,466 shares at a weighted average price of $4.57 for proceeds of $56,970. Total proceeds across both sales were approximately $152,042. These were sales (dispositions), not purchases.

Key Details

• Transaction dates and reported weighted averages:
  • 2026-09-02: 20,534 shares, weighted avg $4.63 (selling range reported as $4.615–$4.645). (Footnote F1)
  • 2026-09-03: 12,466 shares, weighted avg $4.57 (selling range reported as $4.51–$4.66). (Footnote F2)
• Total shares sold: 33,000; total reported proceeds: ~$152,042.
• Shares owned after the transactions: not disclosed in this Form 4 filing.
• Filing: Form 4 was filed 2026-09-04 covering transactions on 2026-09-02 and 2026-09-03 — the filing appears to be within the typical two‑business‑day reporting window.
• Footnotes: Weighted average prices reported; the filer offers to provide a breakdown of the specific prices and quantities on request to the issuer, shareholders, or SEC staff.

Context

• These were open‑market sales by a company director. Sales are routine disclosures and the filing does not state the reason for the disposition (e.g., diversification, personal needs, or other planned sales). The Form 4 does not indicate any option exercise, award, gift, 10b5‑1 plan, or tax withholding related to these transactions.