Marker Beth A 4

What Happened
Beth A. Marker, SVP of Retail Operations at IP Strategy Holdings, had restricted stock units (RSUs) convert into 94 shares on July 2, 2026. To satisfy tax withholding, 28 of those shares were surrendered/cancelled to the issuer at a per‑share value of $2.48 (total ≈ $69). No shares were sold on the open market — the shares were returned to the company’s treasury.

Key Details

• Transaction date: July 2, 2026 (Form 4 filed July 6, 2026).
• Vest/Conversion: 94 RSUs converted to 94 shares (derivative exercise code M).
• Tax withholding: 28 shares surrendered/forfeited at $2.48/share, total ≈ $69 (code F). The issuer canceled and returned these shares to treasury (footnote F3).
• Per‑share price note: $2.48 reflects closing price on the applicable vesting date or prior trading date (footnote F4).
• Reverse split: All share amounts reflect a 1-for-20 reverse split effective April 23, 2026 (footnote F1).
• Vesting schedule: RSUs vest over two years beginning Jan 2, 2026 with remaining quarterly installments including July 2, 2026 (footnote F5).
• Shares owned after the transaction are not specified in the provided excerpt.
• Filing timeliness: Form filed July 6 for a July 2 transaction (Form 4s are generally due within 2 business days), so the filing was several days after the transaction.

Context
This was a routine vesting/settlement of RSUs with shares withheld to cover taxes (a cashless/withholding settlement), not an open‑market sale or purchase. The dollar value surrendered was small (~$69), so this filing does not indicate a typical insider buy/sell trading signal.