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IP STRATEGY HOLDINGS, INC.·4/A

May 1, 7:58 PM ET

Stiefel Jennifer D H 4/A

Research Summary

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Updated

IP STRATEGY (IPST) President Jennifer Stiefel Exercises RSUs; Shares Withheld

What Happened

  • Jennifer D. H. Stiefel, President & Secretary and a director of IP STRATEGY HOLDINGS, INC. (IPST), had RSUs vest on February 2, 2026. A total of 66,666 shares were issued on vesting (8,333 + 58,333).
  • To satisfy tax withholding obligations, 19,767 shares were relinquished/withheld (2,471 + 17,296) at a per-share price of $1.08, producing cash value withheld of $2,669 and $18,680 respectively (total $21,349). Per footnotes, the withheld shares were canceled and returned to the issuer’s treasury; no open-market sale by the reporting person occurred.
  • Net shares retained from this vesting event: 46,899 (66,666 issued minus 19,767 withheld). This is a vesting/tax-withholding event, not a market sale or purchase.

Key Details

  • Transaction date: February 2, 2026. Filing: Form 4/A filed May 1, 2026 (amendment to correct spouse-owned securities reporting).
  • Actions reported: M = exercise/conversion of derivative (RSUs converting to common stock); F = shares withheld to cover tax liabilities.
  • Withholding price: $1.08 per share (closing price on applicable vesting date or prior trading date, per footnote).
  • Shares withheld: 2,471 (value $2,669) and 17,296 (value $18,680); total withheld value $21,349.
  • Net shares received from vesting: 46,899. The filing does not present a full post-transaction total beneficial ownership number beyond these vesting results.
  • Notable footnotes: F3 explains shares were relinquished and cancelled to satisfy withholding (no sale); F7 describes RSU vesting schedule (18 months starting Sept 1, 2025; 6 months of service-based vesting satisfied as of Feb 2, 2026). F2/F5 note small IRA holdings; F6 disclaims beneficial ownership of spouse-held securities (amendment added spouse holdings).

Context

  • This was an RSU vesting event with shares withheld for taxes (common administrative action). It is not an open-market sale or purchase signaling a trading opinion. The amendment corrected reporting of securities beneficially owned by the insider's spouse; no other transaction changes were reported.