Stiefel Justin B 4/A
4/A · IP STRATEGY HOLDINGS, INC. · Filed May 1, 2026
Research Summary
AI-generated summary of this filing
IP STRATEGY (IPST) CEO Justin Stiefel Exercises RSUs; Shares Withheld
What Happened
- Justin B. Stiefel, CEO, Treasurer and Director of IP Strategy Holdings, Vested/Converted RSUs into 66,666 shares (58,333 + 8,333) on Feb 2, 2026. To cover tax withholding obligations, 19,767 shares (17,296 + 2,471) were surrendered/returned to the company; the withholding was valued at $1.08 per share for a total of $21,349. The filing shows the shares were cancelled/returned to treasury to satisfy taxes (not an open‑market sale).
Key Details
- Transaction date: February 2, 2026 (reported on an amended Form 4 filed May 1, 2026; original Form 4 was filed Feb 3, 2026).
- Vesting/conversion: 66,666 RSUs converted to common stock (reported as derivative exercise/conversion).
- Tax withholding: 19,767 shares withheld at $1.08 per share = $21,349 (reported as disposition code F for tax withholding; no shares sold).
- Footnotes of note:
- F1: Each RSU = right to one share.
- F3: Reporting person relinquished shares; issuer cancelled them to cover tax withholding (not a sale).
- F8: RSUs vest over 18 months beginning Sept 1, 2025; six months of service deemed satisfied as of Feb 2, 2026.
- Other footnotes note certain shares held in IRAs and by spouse/related entities (F2, F5, F6, F7); this filing was amended to correct omission regarding spouse holdings.
- Shares owned after the transaction: not specified in this submission.
Context
- This was a standard vesting/conversion of RSUs with shares withheld to cover taxes (a routine, non‑market sale action). For retail investors, such withholding events reflect compensation vesting rather than a direct insider sale signal. The amendment corrects reporting of spouse-held securities; it does not indicate additional transactions.
Insider Transaction Report
Form 4/AAmended
Stiefel Justin B
DirectorCEO & Treasurer
Transactions
- Exercise/Conversion
Common Stock
[F1][F2]2026-02-02+58,333→ 74,482 total - Tax Payment
Common Stock
[F3][F4][F2]2026-02-02$1.08/sh−17,296$18,680→ 57,186 total - Exercise/Conversion
Common Stock
[F1][F5][F6]2026-02-02+8,333→ 24,724 total(indirect: By Spouse) - Tax Payment
Common Stock
[F3][F4][F5][F6]2026-02-02$1.08/sh−2,471$2,669→ 22,253 total(indirect: By Spouse) - Exercise/Conversion
Restricted Stock Units
[F1][F8]2026-02-02−58,333→ 116,667 total→ Common Stock (58,333 underlying) - Exercise/Conversion
Restricted Stock Units
[F1][F8][F6]2026-02-02−8,333→ 16,667 total(indirect: By Spouse)→ Common Stock (8,333 underlying)
Holdings
- 165,480(indirect: By LLC)
Common Stock
[F7]
Footnotes (8)
- [F1]Each restricted stock unit ("RSU") represents a contingent right to receive one share of the issuer's common stock.
- [F2]Includes 86 shares beneficially owned through American Estate and Trust, LC FBO Justin Stiefel IRA account
- [F3]The reporting person relinquished the shares of Common Stock reported herein and the issuer cancelled such shares and returned them to issuer's treasury in exchange for remitting certain tax withholding obligations of the reporting person resulting from the vesting of the RSUs. As such, no shares of the issuer were sold by the reporting person.
- [F4]Represents the per share closing price of the issuer's Common Stock on the applicable vesting date or, if there was no closing price on such date, the closing price on the trading date that was immediately prior to such vesting date.
- [F5]Includes 13 shares beneficially owned through American Estate and Trust, LC FBO Jennifer Stiefel IRA account
- [F6]These securities are held by Jennifer D.H. Stiefel, the spouse of the reporting person. For purposes of Section 16 of the Exchange Act, the reporting person disclaims beneficial ownership of any such securities, except to the extent of her pecuniary interest therein, if any, and this report shall not be deemed an admission that such reporting person is the beneficial owner of such securities for purposes of Section 16 or otherwise.
- [F7]The reported securities are held by Constantine IHSV, LLC, of which the reporting person is the sole member and may be deemed to beneficially own the securities held by it.
- [F8]The RSUs vest over an eighteen (18) month period beginning September 1, 2025, with six (6) months of service-based vesting deemed satisfied as of February 2, 2026, and the remaining units vesting in equal installments every three months thereafter, subject to continued service.
Signature
/s/ Justin B. Stiefel|2026-05-01