Mills Jared 4

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.