Digimarc (DMRC) Director Dana McIlwain Receives 1,396-Share Award

What Happened
Dana McIlwain, a member of Digimarc Corp.'s board of directors, received an equity award of 1,396 shares on October 1, 2026. The SEC Form 4 reports the shares were acquired at $5.82 per share, for a total reported value of $8,125. The transaction is coded as an award/grant (transaction code "A") — an acquisition of shares rather than a market purchase or sale.

Key Details

• Transaction date: 2026-10-01
• Price reported: $5.82 per share
• Shares involved: 1,396 (total value $8,125)
• Shares owned after transaction: not specified in the provided filing
• Footnotes/plan info: none disclosed in the provided summary (no 10b5-1, tax withholding, or cashless-sale indications noted)
• Filing timeliness: Form filed on 2026-10-01 (same day as the transaction date in the report)

Context
Director awards are commonly part of board compensation (e.g., restricted stock or share grants) and represent company-issued equity rather than an open-market buy or sell. Such grants are routine compensation actions and should be interpreted differently than purchases or sales by insiders; they do not alone indicate the insider’s immediate market view.