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Starboard Value & Opportunity C LP 4

Accession 0001193805-25-000682

CIK 0000934549other

View on SEC.gov Company Profile

Filed

May 15, 8:00 PM ET

Accepted

May 16, 9:30 PM ET

Size

36.4 KB

Accession

0001193805-25-000682

Insider Transaction Report

Form 4

Period: 2025-05-16

ACACIA RESEARCH CORPACTG

Starboard Value & Opportunity Master Fund Ltd

10% OwnerOther

Transactions

Other
Common Stock, par value $0.001 per share
2025-05-16$3.71/sh−290,000$1,075,900→ 3,255,169 total(indirect: By Starboard Value and Opportunity C LP)
Other
Common Stock, par value $0.001 per share
2025-05-16$3.71/sh+290,000$1,075,900→ 4,954,889 total(indirect: By Starboard X Master Fund Ltd)
Other
Common Stock, par value $0.001 per share
2025-05-16$3.71/sh−3,255,169$12,076,677→ 0 total(indirect: By Starboard Value and Opportunity C LP)
Other
Common Stock, par value $0.001 per share
2025-05-16$3.71/sh+3,255,169$12,076,677→ 8,210,058 total(indirect: By Starboard X Master Fund Ltd)

Holdings

Common Stock, par value $0.001 per share
(indirect: By Starboard Value and Opportunity Master Fund Ltd)
33,048,368
Common Stock, par value $0.001 per share
(indirect: By LLC)
6,112,360
Common Stock, par value $0.001 per share
(indirect: By Managed Account of Starboard Value LP)
10,391,011
Common Stock, par value $0.001 per share
(indirect: By Starboard Value and Opportunity Master Fund L LP)
3,361,798

Starboard X Master Fund Ltd

10% OwnerOther

Transactions

Other
Common Stock, par value $0.001 per share
2025-05-16$3.71/sh−290,000$1,075,900→ 3,255,169 total(indirect: By Starboard Value and Opportunity C LP)
Other
Common Stock, par value $0.001 per share
2025-05-16$3.71/sh+290,000$1,075,900→ 4,954,889 total(indirect: By Starboard X Master Fund Ltd)
Other
Common Stock, par value $0.001 per share
2025-05-16$3.71/sh+3,255,169$12,076,677→ 8,210,058 total(indirect: By Starboard X Master Fund Ltd)
Other
Common Stock, par value $0.001 per share
2025-05-16$3.71/sh−3,255,169$12,076,677→ 0 total(indirect: By Starboard Value and Opportunity C LP)

Holdings

Common Stock, par value $0.001 per share
(indirect: By Managed Account of Starboard Value LP)
10,391,011
Common Stock, par value $0.001 per share
(indirect: By Starboard Value and Opportunity Master Fund L LP)
3,361,798
Common Stock, par value $0.001 per share
(indirect: By Starboard Value and Opportunity Master Fund Ltd)
33,048,368
Common Stock, par value $0.001 per share
(indirect: By LLC)
6,112,360

STARBOARD VALUE & OPPORTUNITY S LLC

10% OwnerOther

Transactions

Other
Common Stock, par value $0.001 per share
2025-05-16$3.71/sh−3,255,169$12,076,677→ 0 total(indirect: By Starboard Value and Opportunity C LP)
Other
Common Stock, par value $0.001 per share
2025-05-16$3.71/sh+290,000$1,075,900→ 4,954,889 total(indirect: By Starboard X Master Fund Ltd)
Other
Common Stock, par value $0.001 per share
2025-05-16$3.71/sh+3,255,169$12,076,677→ 8,210,058 total(indirect: By Starboard X Master Fund Ltd)
Other
Common Stock, par value $0.001 per share
2025-05-16$3.71/sh−290,000$1,075,900→ 3,255,169 total(indirect: By Starboard Value and Opportunity C LP)

Holdings

Common Stock, par value $0.001 per share
(indirect: By Starboard Value and Opportunity Master Fund Ltd)
33,048,368
Common Stock, par value $0.001 per share
(indirect: By LLC)
6,112,360
Common Stock, par value $0.001 per share
(indirect: By Managed Account of Starboard Value LP)
10,391,011
Common Stock, par value $0.001 per share
(indirect: By Starboard Value and Opportunity Master Fund L LP)
3,361,798

Starboard Value & Opportunity C LP

10% OwnerOther

Transactions

Other
Common Stock, par value $0.001 per share
2025-05-16$3.71/sh−290,000$1,075,900→ 3,255,169 total(indirect: By Starboard Value and Opportunity C LP)
Other
Common Stock, par value $0.001 per share
2025-05-16$3.71/sh−3,255,169$12,076,677→ 0 total(indirect: By Starboard Value and Opportunity C LP)
Other
Common Stock, par value $0.001 per share
2025-05-16$3.71/sh+290,000$1,075,900→ 4,954,889 total(indirect: By Starboard X Master Fund Ltd)
Other
Common Stock, par value $0.001 per share
2025-05-16$3.71/sh+3,255,169$12,076,677→ 8,210,058 total(indirect: By Starboard X Master Fund Ltd)

Holdings

Common Stock, par value $0.001 per share
(indirect: By Starboard Value and Opportunity Master Fund Ltd)
33,048,368
Common Stock, par value $0.001 per share
(indirect: By LLC)
6,112,360
Common Stock, par value $0.001 per share
(indirect: By Managed Account of Starboard Value LP)
10,391,011
Common Stock, par value $0.001 per share
(indirect: By Starboard Value and Opportunity Master Fund L LP)
3,361,798

Starboard Value & Opportunity Master Fund L LP

10% OwnerOther

Transactions

Other
Common Stock, par value $0.001 per share
2025-05-16$3.71/sh−290,000$1,075,900→ 3,255,169 total(indirect: By Starboard Value and Opportunity C LP)
Other
Common Stock, par value $0.001 per share
2025-05-16$3.71/sh−3,255,169$12,076,677→ 0 total(indirect: By Starboard Value and Opportunity C LP)
Other
Common Stock, par value $0.001 per share
2025-05-16$3.71/sh+290,000$1,075,900→ 4,954,889 total(indirect: By Starboard X Master Fund Ltd)
Other
Common Stock, par value $0.001 per share
2025-05-16$3.71/sh+3,255,169$12,076,677→ 8,210,058 total(indirect: By Starboard X Master Fund Ltd)

Holdings

Common Stock, par value $0.001 per share
(indirect: By Starboard Value and Opportunity Master Fund Ltd)
33,048,368
Common Stock, par value $0.001 per share
(indirect: By LLC)
6,112,360
Common Stock, par value $0.001 per share
(indirect: By Managed Account of Starboard Value LP)
10,391,011
Common Stock, par value $0.001 per share
(indirect: By Starboard Value and Opportunity Master Fund L LP)
3,361,798

Starboard Value LP

10% OwnerOther

Transactions

Other
Common Stock, par value $0.001 per share
2025-05-16$3.71/sh−290,000$1,075,900→ 3,255,169 total(indirect: By Starboard Value and Opportunity C LP)
Other
Common Stock, par value $0.001 per share
2025-05-16$3.71/sh−3,255,169$12,076,677→ 0 total(indirect: By Starboard Value and Opportunity C LP)
Other
Common Stock, par value $0.001 per share
2025-05-16$3.71/sh+290,000$1,075,900→ 4,954,889 total(indirect: By Starboard X Master Fund Ltd)
Other
Common Stock, par value $0.001 per share
2025-05-16$3.71/sh+3,255,169$12,076,677→ 8,210,058 total(indirect: By Starboard X Master Fund Ltd)

Holdings

Common Stock, par value $0.001 per share
(indirect: By Starboard Value and Opportunity Master Fund Ltd)
33,048,368
Common Stock, par value $0.001 per share
(indirect: By LLC)
6,112,360
Common Stock, par value $0.001 per share
(indirect: By Managed Account of Starboard Value LP)
10,391,011
Common Stock, par value $0.001 per share
(indirect: By Starboard Value and Opportunity Master Fund L LP)
3,361,798

Starboard Value R LP

10% OwnerOther

Transactions

Other
Common Stock, par value $0.001 per share
2025-05-16$3.71/sh−290,000$1,075,900→ 3,255,169 total(indirect: By Starboard Value and Opportunity C LP)
Other
Common Stock, par value $0.001 per share
2025-05-16$3.71/sh−3,255,169$12,076,677→ 0 total(indirect: By Starboard Value and Opportunity C LP)
Other
Common Stock, par value $0.001 per share
2025-05-16$3.71/sh+290,000$1,075,900→ 4,954,889 total(indirect: By Starboard X Master Fund Ltd)
Other
Common Stock, par value $0.001 per share
2025-05-16$3.71/sh+3,255,169$12,076,677→ 8,210,058 total(indirect: By Starboard X Master Fund Ltd)

Holdings

Common Stock, par value $0.001 per share
(indirect: By Starboard Value and Opportunity Master Fund Ltd)
33,048,368
Common Stock, par value $0.001 per share
(indirect: By LLC)
6,112,360
Common Stock, par value $0.001 per share
(indirect: By Managed Account of Starboard Value LP)
10,391,011
Common Stock, par value $0.001 per share
(indirect: By Starboard Value and Opportunity Master Fund L LP)
3,361,798

Starboard Value L LP

10% OwnerOther

Transactions

Other
Common Stock, par value $0.001 per share
2025-05-16$3.71/sh−290,000$1,075,900→ 3,255,169 total(indirect: By Starboard Value and Opportunity C LP)
Other
Common Stock, par value $0.001 per share
2025-05-16$3.71/sh−3,255,169$12,076,677→ 0 total(indirect: By Starboard Value and Opportunity C LP)
Other
Common Stock, par value $0.001 per share
2025-05-16$3.71/sh+290,000$1,075,900→ 4,954,889 total(indirect: By Starboard X Master Fund Ltd)
Other
Common Stock, par value $0.001 per share
2025-05-16$3.71/sh+3,255,169$12,076,677→ 8,210,058 total(indirect: By Starboard X Master Fund Ltd)

Holdings

Common Stock, par value $0.001 per share
(indirect: By Starboard Value and Opportunity Master Fund Ltd)
33,048,368
Common Stock, par value $0.001 per share
(indirect: By LLC)
6,112,360
Common Stock, par value $0.001 per share
(indirect: By Managed Account of Starboard Value LP)
10,391,011
Common Stock, par value $0.001 per share
(indirect: By Starboard Value and Opportunity Master Fund L LP)
3,361,798

Starboard Value GP LLC

10% OwnerOther

Transactions

Other
Common Stock, par value $0.001 per share
2025-05-16$3.71/sh−290,000$1,075,900→ 3,255,169 total(indirect: By Starboard Value and Opportunity C LP)
Other
Common Stock, par value $0.001 per share
2025-05-16$3.71/sh−3,255,169$12,076,677→ 0 total(indirect: By Starboard Value and Opportunity C LP)
Other
Common Stock, par value $0.001 per share
2025-05-16$3.71/sh+290,000$1,075,900→ 4,954,889 total(indirect: By Starboard X Master Fund Ltd)
Other
Common Stock, par value $0.001 per share
2025-05-16$3.71/sh+3,255,169$12,076,677→ 8,210,058 total(indirect: By Starboard X Master Fund Ltd)

Holdings

Common Stock, par value $0.001 per share
(indirect: By Starboard Value and Opportunity Master Fund Ltd)
33,048,368
Common Stock, par value $0.001 per share
(indirect: By LLC)
6,112,360
Common Stock, par value $0.001 per share
(indirect: By Managed Account of Starboard Value LP)
10,391,011
Common Stock, par value $0.001 per share
(indirect: By Starboard Value and Opportunity Master Fund L LP)
3,361,798

Starboard Value R GP LLC

10% OwnerOther

Transactions

Other
Common Stock, par value $0.001 per share
2025-05-16$3.71/sh−290,000$1,075,900→ 3,255,169 total(indirect: By Starboard Value and Opportunity C LP)
Other
Common Stock, par value $0.001 per share
2025-05-16$3.71/sh−3,255,169$12,076,677→ 0 total(indirect: By Starboard Value and Opportunity C LP)
Other
Common Stock, par value $0.001 per share
2025-05-16$3.71/sh+290,000$1,075,900→ 4,954,889 total(indirect: By Starboard X Master Fund Ltd)
Other
Common Stock, par value $0.001 per share
2025-05-16$3.71/sh+3,255,169$12,076,677→ 8,210,058 total(indirect: By Starboard X Master Fund Ltd)

Holdings

Common Stock, par value $0.001 per share
(indirect: By Starboard Value and Opportunity Master Fund Ltd)
33,048,368
Common Stock, par value $0.001 per share
(indirect: By LLC)
6,112,360
Common Stock, par value $0.001 per share
(indirect: By Managed Account of Starboard Value LP)
10,391,011
Common Stock, par value $0.001 per share
(indirect: By Starboard Value and Opportunity Master Fund L LP)
3,361,798

Footnotes (9)

[F1]This Form 4 is filed jointly by Starboard Value and Opportunity Master Fund Ltd ("Starboard V&O Fund"), Starboard Value and Opportunity S LLC ("Starboard S LLC"), Starboard Value and Opportunity C LP ("Starboard C LP"), Starboard Value and Opportunity Master Fund L LP ("Starboard L Master"), Starboard X Master Fund Ltd ("Starboard X Master"), Starboard Value R LP ("Starboard R LP"), Starboard Value L LP ("Starboard L LP"), Starboard Value LP ("Starboard Value LP"), Starboard Value GP LLC ("Starboard Value GP"), Starboard Value R GP LLC ("Starboard R GP"), Starboard Principal Co LP ("Principal Co"), Starboard Principal Co GP LLC ("Principal GP"), Peter A. Feld and Jeffrey C. Smith (collectively, the "Reporting Persons").
[F2]To enable all of the Reporting Persons to gain access to the Securities and Exchange Commission's electronic filing system (which only accepts a maximum of 10 joint filers per report), this report is the first of two identical reports relating to the same transactions being filed with the Securities and Exchange Commission. Each Reporting Person may be deemed to be a member of a Section 13(d) group that owns more than 10% of the Issuer's outstanding shares of Common Stock. Each Reporting Person disclaims beneficial ownership of the securities reported herein except to the extent of his or its pecuniary interest therein, and this report shall not be deemed to be an admission that any Reporting Person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.
[F3]Securities beneficially owned by Starboard V&O Fund. Starboard Value LP, as the investment manager of Starboard V&O Fund, may be deemed to be the beneficial owner of the securities beneficially owned by Starboard V&O Fund. Each of Starboard Value GP, as the general partner of Starboard Value LP, Principal Co, as a member of Starboard Value GP, Principal GP, as the general partner of Principal Co, and Messrs. Smith and Feld, as members of Principal GP and as members of each of the Management Committee of Starboard Value GP and the Management Committee of Principal GP, may be deemed to be the beneficial owner of the securities beneficially owned by Starboard V&O Fund.
[F4]Securities beneficially owned by Starboard S LLC. Starboard Value LP, as the manager of Starboard S LLC, may be deemed to be the beneficial owner of the securities beneficially owned by Starboard S LLC. Each of Starboard Value GP, as the general partner of Starboard Value LP, Principal Co, as a member of Starboard Value GP, Principal GP, as the general partner of Principal Co, and Messrs. Smith and Feld, as members of Principal GP and as members of each of the Management Committee of Starboard Value GP and the Management Committee of Principal GP, may be deemed to be the beneficial owner of the securities beneficially owned by Starboard S LLC.
[F5]Securities held in a certain account managed by Starboard Value LP (the "Starboard Value LP Account"). Each of Starboard Value GP, as the general partner of Starboard Value LP, Principal Co, as a member of Starboard Value GP, Principal GP, as the general partner of Principal Co, and Messrs. Smith and Feld, as members of Principal GP and as members of each of the Management Committee of Starboard Value GP and the Management Committee of Principal GP, may be deemed to be the beneficial owner of the securities beneficially owned by Starboard Value LP and held by the Starboard Value LP Account.
[F6]Securities beneficially owned by Starboard C LP. Each of Starboard R LP, as the general partner of Starboard C LP, and Starboard R GP, as the general partner of Starboard R LP, may be deemed to be the beneficial owner of the securities beneficially owned by Starboard C LP. Starboard Value LP, as the investment manager of Starboard C LP, may be deemed to be the beneficial owner of the securities beneficially owned by Starboard C LP. Each of Starboard Value GP, as the general partner of Starboard Value LP, Principal Co, as a member of Starboard Value GP, Principal GP, as the general partner of Principal Co, and Messrs. Smith and Feld, as members of Principal GP and as members of each of the Management Committee of Starboard Value GP and the Management Committee of Principal GP, may be deemed to be the beneficial owner of the securities beneficially owned by Starboard C LP. As of May 16, 2025, Starboard C LP no longer beneficially owns any securities of the Issuer.
[F7]Securities beneficially owned by Starboard L Master. Each of Starboard L LP, as the general partner of Starboard L Master, Starboard R LP, as the general partner of Starboard L LP, and Starboard R GP, as the general partner of Starboard R LP, may be deemed to be the beneficial owner of the securities beneficially owned by Starboard L LP. Starboard Value LP, as the investment manager of Starboard L Master, may be deemed to be the beneficial owner of the securities beneficially owned by Starboard L Master. Each of Starboard Value GP, as the general partner of Starboard Value LP, Principal Co, as a member of Starboard Value GP, Principal GP, as the general partner of Principal Co, and Messrs. Smith and Feld, as members of Principal GP and as members of each of the Management Committee of Starboard Value GP and the Management Committee of Principal GP, may be deemed to be the beneficial owner of the securities beneficially owned by Starboard L Master.
[F8]Securities beneficially owned by Starboard X Master. Starboard Value LP, as the investment manager of Starboard X Master, may be deemed to be the beneficial owner of the securities beneficially owned by Starboard X Master. Each of Starboard Value GP, as the general partner of Starboard Value LP, Principal Co, as a member of Starboard Value GP, Principal GP, as the general partner of Principal Co, and Messrs. Smith and Feld, as members of Principal GP and as members of each of the Management Committee of Starboard Value GP and the Management Committee of Principal GP, may be deemed to be the beneficial owner of the securities beneficially owned by Starboard X Master.
[F9]Represents an internal transfer from Starboard C LP to Starboard X Master, which did not affect the Reporting Persons' holdings in the aggregate.

Documents

1 file

4
e664525_4-actg.xmlPrimary

Issuer

ACACIA RESEARCH CORP

CIK 0000934549

→

Entity typeother

Related Parties

filerCIK 0001571704

Filing Metadata

Form type: 4
Filed: May 15, 8:00 PM ET
Accepted: May 16, 9:30 PM ET
Size: 36.4 KB

View on SEC.gov