Stiefel Justin B 4/A

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.