Perkins Danielle B 4
4 · IP STRATEGY HOLDINGS, INC. · Filed Apr 6, 2026
Research Summary
AI-generated summary of this filing
IP Strategy (IPST) SVP Danielle Perkins Converts RSUs; Shares Withheld
What Happened Danielle B. Perkins, SVP of Wholesale Operations at IP Strategy Holdings (IPST), had restricted stock units (RSUs) vest on April 2, 2026. The filing shows conversion/exercise entries for 1,875 shares and a tax-withholding event in which 773 shares were surrendered at $0.24 per share for $189. According to the filing footnotes, the withheld shares were cancelled and returned to the issuer’s treasury to satisfy the reporting person’s tax withholding obligation; no shares were sold on the open market.
Key Details
- Transaction date: 2026-04-02. Form 4 filed: 2026-04-06 (timeliness not indicated in the filing).
- Reported entries: exercise/conversion of derivative (M) for 1,875 shares (acquired), tax withholding (F) of 773 shares at $0.24/share = $189, and an additional derivative entry of 1,875 shares noted as disposed at $0.00 (per filing).
- Shares owned after the transaction: not specified in the Form 4 provided.
- Notable footnotes:
- F1: Each RSU represents a contingent right to one share.
- F2: Withheld shares were relinquished and cancelled by the issuer to cover tax withholding (no market sale).
- F3: $0.24/share is the per-share closing price used for the withholding calculation.
- F4: The reporting person was granted 15,000 RSUs on Jan 2, 2026, vesting in equal quarterly installments over two years (1,875 shares per quarter).
- No 10b5‑1 plan or late‑filing indication is provided in the filing.
Context This was a routine RSU vesting and tax-withholding event (a form of cashless/stock settlement), not an open‑market purchase or sale. For retail investors, such transactions reflect standard compensation mechanics—shares converted from RSUs with a portion withheld to satisfy taxes—rather than an explicit buy or sell signal by the insider.
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1]2026-04-02+1,875→ 8,648 total - Tax Payment
Common Stock
[F2][F3]2026-04-02$0.24/sh−773$189→ 7,875 total - Exercise/Conversion
Restricted Stock Units
[F1][F4]2026-04-02−1,875→ 11,250 total→ Common Stock (1,875 underlying)
Footnotes (4)
- [F1]Each restricted stock unit ("RSU") represents a contingent right to receive one share of the issuer's common stock.
- [F2]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.
- [F3]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.
- [F4]On January 2, 2026, the reporting person was granted 15,000 RSUs, which vest in equal quarterly installments over a two-year period, subject to the terms of the applicable award agreement.