IP Strategy Holdings, Inc.: SVP Danielle B Perkins exercised 94 shares

What happened Danielle B Perkins, SVP of wholesale operations, had 94 restricted stock units convert to 94 shares on Oct 2, 2026. The filing shows 39 of those shares were relinquished to cover tax withholding at $3.08 per share for $120; the filing also records a derivative conversion/exercise line for 94 shares at $0.00.

Key details

• Transaction date and prices: Oct 2, 2026; exercise/conversion (M) 94 shares @ N/A (acquired); tax withholding (F) 39 shares @ $3.08 (disposed) = $120; derivative line (M) 94 shares @ $0.00 (disposed) = $0.
• Shares owned after the transaction: not reported in the filing.
• Relevant footnotes: F1 defines RSUs as contingent rights to receive one share each; F2 states the reporting person relinquished the withheld shares and the issuer cancelled and returned them to treasury to satisfy tax withholding (no shares were sold by the reporting person); F3 explains per share closing price used; F4 shows the RSUs vest over a two-year schedule beginning Jan 2, 2026 with quarterly vesting including Feb 2, Apr 2, Jul 2, and Oct 2, 2026 and further quarterly vesting in 2027.
• Filing timeliness: not indicated in the provided filing.

Why it may matter

• The filing indicates RSUs vested and 39 shares were withheld to satisfy tax withholding (a cashless withholding), and the filing states the reporting person did not sell shares on the open market.
• This was a conversion/settlement of equity awards rather than a market sale.
  A filing does not show why the insider traded or why the company acted.