Marker Beth A 4
4 · IP STRATEGY HOLDINGS, INC. · Filed Apr 6, 2026
Research Summary
AI-generated summary of this filing
IP STRATEGY (IPST) SVP Beth A. Marker Exercises RSUs
What Happened
Beth A. Marker, Senior VP of Retail Operations at IP Strategy Holdings (IPST), had 1,875 restricted stock units (RSUs) convert to common shares on April 2, 2026. Of those, 556 shares were surrendered to cover tax withholding at $0.24 per share (reported total $136). The remaining shares (1,319) were effectively issued to the reporting person. No open-market sale by the insider was reported.
Key Details
- Transaction date: April 2, 2026; Form 4 filed April 6, 2026 (report period 4/2/2026).
- Vesting/conversion: 1,875 RSUs converted to common stock (derivative code M).
- Tax withholding: 556 shares withheld/disposed at $0.24 per share for $136 (code F). The filing notes the issuer cancelled relinquished shares and returned them to treasury to satisfy withholding obligations — no shares were sold by the insider.
- Net newly issued to insider: 1,319 shares (1,875 vested − 556 withheld).
- Shares owned after transaction: Not disclosed in the provided excerpt.
- Relevant footnotes: F1 (RSU = right to one share), F2 (shares relinquished and cancelled to cover taxes), F3 (per-share price = closing price on vesting date), F4 (original grant: 15,000 RSUs on Jan 2, 2026, vesting quarterly over 2 years).
Context
This was a routine vesting and tax-withholding transaction for RSUs rather than a market purchase or a sale. Code M indicates conversion/exercise of a derivative (RSU → common stock); code F indicates shares surrendered to satisfy tax withholding. Such cancellations to cover taxes are common and do not necessarily signal buying or selling intent.
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1]2026-04-02+1,875→ 8,496 total - Tax Payment
Common Stock
[F2][F3]2026-04-02$0.24/sh−556$136→ 7,940 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.