ACACIA RESEARCH (ACTG) Director Michelle Felman Gifts 16,086 Shares

What Happened

• Michelle Felman, a director of Acacia Research Corp. (ACTG), made a gift of 16,086 shares of common stock on August 28, 2026. The Form 4 lists a $4.49 per-share value, giving a reported value of $72,226. The filing shows the disposition code "G" (gift). The footnote clarifies the shares were transferred to an irrevocable trust for the benefit of her son and no consideration was received.

Key Details

• Transaction date and price: Aug 28, 2026 — 16,086 shares at $4.49/share (total reported value $72,226).
• Filing date: Sep 1, 2026 — appears to be filed within the standard Form 4 reporting window (timely).
• Shares owned after the transaction: not reported in the provided summary of the filing.
• Footnote: F1 states the 16,086 shares were gifted to an irrevocable trust for the benefit of the reporting person’s son.
• Transaction code: G = Gift (disposition), not a market sale.

Context

• Gifts are typically for estate planning or family transfers and do not necessarily signal the insider’s view of the company’s prospects. Because this was a gift (not a sale), it should not be interpreted as a standard liquidity-driven insider sale.