Mills Jared 4
4 · INTELLIGENT PROTECTION MANAGEMENT CORP. · Filed Mar 24, 2026
Research Summary
AI-generated summary of this filing
IPM President Jared Mills Receives 20,000 Option Award
What Happened
Jared Mills, President of Intelligent Protection Management Corp. (IPM), received a grant of 20,000 stock options on March 20, 2026. The Form 4 shows the option award as an acquisition with an acquisition price of $0.00 (reported value $0), indicating a grant of a derivative security rather than a cash purchase or sale.
Key Details
- Transaction date: 2026-03-20; Form 4 filed: 2026-03-24 (filed within the two-business-day requirement).
- Security: stock option covering 20,000 shares; acquisition price reported as $0.00 (grant).
- Shares owned after transaction: not specified in the provided filing.
- Footnote: The option was granted under the Issuer’s 2025 Long‑Term Incentive Plan. Vesting: four substantially equal installments on each of the first four anniversaries of the grant date, contingent on continued service. If a “change in control” occurs (as defined in the plan), 100% of then-unvested shares vest immediately.
- Transaction type code: A (award/grant); derivative transaction (options), not an immediate sale or exercise.
Context
This is an equity compensation grant (option award) to an executive, not an open-market purchase or sale. The options vest over time (with full accelerated vesting upon a qualifying change in control), so they do not represent immediately tradable shares unless and until exercised and any vesting conditions are met.
Insider Transaction Report
- Award
Stock Option (Right to Buy)
[F1]2026-03-20+20,000→ 20,000 totalExercise: $1.62From: 2027-03-20Exp: 2036-03-19→ Common Stock (20,000 underlying)
Footnotes (1)
- [F1]The stock option was granted pursuant to a stock option agreement dated March 20, 2026, by and between the reporting person and Intelligent Protection Management Corp. (the "Issuer"). The shares underlying this stock option will vest and become exercisable in four substantially equal installments on each of the first four anniversaries of the date of the grant, as long as the reporting person is providing services to the Issuer on such dates; provided, that upon the effective date of a "change in control" (as defined in the Intelligent Protection Management Corp. 2025 Long-Term Incentive Plan), 100% of the then-unvested shares shall immediately vest and become fully exercisable, if not previously so exercisable, on the date of the change in control.