Marker Beth A 4

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.