IP Strategy (IPST) CFO Michael Carrosino Receives 1,236 RSU Shares

What Happened
Michael Carrosino, EVP of Finance & CFO of IP Strategy Holdings (IPST), had restricted stock units (RSUs) vest on August 2, 2026. The vesting resulted in the conversion/acquisition of 1,236 shares (125 + 1,111). To satisfy tax withholding obligations, 368 of those shares (38 + 330) were relinquished at $2.16 per share for a total withholding of about $795. The withheld shares were cancelled and returned to the issuer’s treasury; no open-market sale occurred.

Key Details

• Transaction date: August 2, 2026; Form 4 filed August 3, 2026 (timely).
• Acquired: 1,236 shares via RSU conversion (codes M).
• Withheld/disposed to cover taxes: 368 shares (codes F) at $2.16/share — $82 and $713 reported for the two withholdings (total ≈ $795).
• Footnotes: F1–F5 confirm these were RSUs (one grant from Oct 1, 2025 and another from Dec 10, 2025) with scheduled vesting installments; F2 notes shares used for tax withholding were cancelled and returned to the issuer’s treasury (no sale by the insider).
• Shares owned after the transaction: not specified in the provided excerpt of the filing.

Context
This was an RSU vesting event with a cashless-like tax withholding (shares surrendered to cover taxes), not an open-market sale or purchase. Such withholding is routine and driven by tax obligations rather than a directional bet on the stock. M = exercise/conversion of a derivative (here, RSU settlement); F = payment of tax liability via share surrender.