Perkins Danielle B 4
4 · IP STRATEGY HOLDINGS, INC. · Filed Jul 6, 2026
Research Summary
AI-generated summary of this filing
IP STRATEGY (IPST) SVP Danielle Perkins Receives RSU Award; 39 Withheld
What Happened
Danielle B. Perkins, SVP of Wholesale Operations at IP Strategy Holdings (IPST), had 94 restricted stock units (RSUs convert to common shares) vest/convert on July 2, 2026. Of those, 39 shares were withheld to satisfy tax withholding obligations at $2.48 per share (total $97) and cancelled by the issuer; the net shares issued to Perkins were 55. No open‑market sale by the reporting person occurred.
Key Details
- Transaction date: July 2, 2026; Form 4 filed July 6, 2026 (appears timely).
- Reported transactions: Exercise/conversion of derivative (code M) — 94 RSUs -> 94 shares; Payment of tax liability (code F) — 39 shares withheld @ $2.48 = $97.
- Net shares issued to insider: 55 (94 vested − 39 withheld).
- Shares owned after transaction: not specified in the provided filing excerpt.
- Notable footnotes:
- All share amounts reflect a 1-for-20 reverse stock split effective Apr 23, 2026.
- Each RSU represents a contingent right to one share.
- The 39 withheld shares were relinquished and cancelled by the issuer to cover tax withholding (no sale by the insider).
- The RSUs vest on a schedule over two years beginning Jan 2, 2026; this was a scheduled vesting installment on July 2, 2026.
Context
This was RSU vesting with shares withheld for tax withholding (a common cashless settlement), not an open‑market sale or a purchase. Transaction codes: M = exercise/conversion of a derivative (here, RSU conversion to shares); F = payment of exercise price or tax liability (here, share withholding to cover taxes). Such withholding transactions reflect routine tax payment on vesting and do not by themselves signal a buy or sell view by the insider.
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1][F2]2026-07-02+94→ 487 total - Tax Payment
Common Stock
[F3][F4]2026-07-02$2.48/sh−39$97→ 448 total - Exercise/Conversion
Restricted Stock Units
[F2][F1][F5]2026-07-02−94→ 469 total→ Common Stock (94 underlying)
Footnotes (5)
- [F1]All share amounts in this Form 4 reflect a 1-for-20 reverse stock split effected on April 23, 2026.
- [F2]Each restricted stock unit ("RSU") represents a contingent right to receive one share of the issuer's common stock.
- [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]The RSUs vest over a two-year period beginning January 2, 2026. Quarterly installments vested on February 2, 2026 and April 2, 2026, and the remaining units vesting in equal quarterly installments on July 2, 2026, October 2, 2026, January 2, 2027, April 2, 2027, July 2, 2027, and October 2, 2027, subject to continued service.