Adam Katz 2012 Revocable Trust 4

What Happened

• The Adam Katz 2012 Revocable Trust, a 10% owner of Intelligent Protection Management Corp. (IPM), purchased a total of 62,972 shares in open-market or private purchases between April 7–10, 2026. The transactions totaled approximately $113,135 (individual trades: 21,512 @ $1.80 on 4/7; 19,951 @ $1.80 on 4/8; 2,200 @ $1.79 on 4/9; 19,309 @ $1.79 on 4/10). These were purchases (code P), which are generally interpreted as insider buying rather than selling.

Key Details

• Transaction dates and reported prices:
  • 2026-04-07: 21,512 shares at weighted avg $1.80 (total $38,722) (see footnote F1: purchases at $1.79–$1.80)
  • 2026-04-08: 19,951 shares at weighted avg $1.80 (total $35,912) (F2: $1.78–$1.80)
  • 2026-04-09: 2,200 shares at weighted avg $1.79 (total $3,938) (F3: $1.79–$1.80)
  • 2026-04-10: 19,309 shares at weighted avg $1.79 (total $34,563) (F4: $1.78–$1.80)
• Total acquired: 62,972 shares for about $113,135.
• Shares owned after transaction: not specified in the provided filing details.
• Notable footnotes: reported prices are weighted averages; footnotes F1–F4 disclose purchase price ranges (roughly $1.78–$1.80) and offer to provide breakdowns on request to the issuer, holders, or SEC staff.
• Timeliness: The Form 4 was filed on 2026-06-09 for transactions in early April 2026 — this is a late filing and reduces the timeliness of public disclosure.

Context

• These purchases were made by a 10% owner (an affiliated investor/trust), not shown as an executive’s personal trades; such buys can signal confidence but are not the same as executive-level insider trades.
• The transactions were straightforward purchases (P); no option exercises, awards, gifts, or tax-withholding were reported.