Laifer Lance 4

What Happened Laifer Lance, a director of Intelligent Protection Management Corp. (IPM), received a grant of 10,000 stock options on March 20, 2026. The grant is reported as a derivative award (code A) with an exercise/acquisition price shown as $0.00, meaning no cash was paid at grant. This is an award of options, not an immediate sale or purchase of common shares.

Key Details

• Transaction date: 2026-03-20; Form 4 filed: 2026-03-24 (filed on time under the two-business-day rule).
• Instrument: 10,000 stock options (derivative grant); reported price $0.00.
• Vesting: Options vest in four equal quarterly installments on the last day of each calendar quarter in 2026 (see footnote).
• Change-in-control: Under the plan, 100% of then-unvested shares accelerate and vest immediately upon an effective change in control. (Footnote F1)
• Shares owned after the transaction: not specified in the provided filing.

Context This filing documents a compensation-related equity award to a director rather than an open-market purchase or sale. Because it’s an option grant (derivative), Lance must wait for vesting and then exercise (if applicable) to acquire underlying shares. Such grants are common for incentivizing service and alignment with company performance; they do not by themselves indicate immediate buying or selling intent.