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Acacia director gifts 32,172 shares to son's trust

ACACIA RESEARCH CORP (ACTG) director Michelle Felman reported two bona fide gift transactions of ACTG common stock on August 28, 2026.

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

ACACIA RESEARCH CORP (ACTG) director Michelle Felman reported two bona fide gift transactions of ACTG common stock on August 28, 2026. In total, she gifted 32,172 shares, at a reported reference value of $4.49 per share, to an irrevocable trust established for the benefit of her son, for no consideration.

Positive

  • None.

Negative

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Insider FELMAN MICHELLE
Role Director
Type Security Shares Price Value
Gift ACTG Common Stock F1 16,086 $4.49 $72K
Gift ACTG Common Stock F1 16,086 $4.49 $72K
Holdings After Transaction: ACTG Common Stock — 25,052 shares (Direct)
Footnotes (1)
  1. F1. On August 28, 2026, the reporting person gifted 16,086 shares of ACTG common stock to an irrevocable trust for no consideration for the benefit of the reporting person's son.
Total shares gifted 32,172 shares ACTG Common Stock Sum of two bona fide gift transactions reported on August 28, 2026
Shares per gift transaction 16,086 shares Each of the two reported bona fide gift entries on August 28, 2026
Reference price per share $4.49 per share Reported transaction price for each ACTG gift entry
Gift transaction count 2 gift transactions Both non-derivative G-code (bona fide gift) transactions on August 28, 2026
Gift shares by code G summary 32,172 shares transactionSummary giftShares total for this Form 4
bona fide gift financial
"transaction_code "G" with description "Bona fide gift""
A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.
irrevocable trust financial
"gifted 16,086 shares of ACTG common stock to an irrevocable trust"
An irrevocable trust is a legal arrangement where an owner transfers assets into a separate entity managed by a trustee and gives up the power to modify or reclaim those assets. For investors it matters because putting stock or other holdings into such a trust can change who controls and benefits from the assets, affect taxes and creditor protection, and influence how easy it is to sell or value those holdings—like placing valuables in a locked safe overseen by someone else.
Rule 10b5-1 regulatory
"aff_10b5_one is the filing's document-level Rule 10b5-1 checkbox"
Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.

FAQ

What did ACTG director Michelle Felman report in this Form 4?
She reported two bona fide gifts of ACTG common stock on August 28, 2026, totaling 32,172 shares, transferred for no consideration to an irrevocable trust for the benefit of her son.

How many ACTG shares did Michelle Felman gift on August 28, 2026?
She gifted a total of 32,172 shares of ACTG common stock, reported as two separate transactions of 16,086 shares each.

What price per share is associated with Michelle Felman’s ACTG gifts?
Each reported gift transaction used a reference value of $4.49 per share for the ACTG common stock, even though the transfers were described as bona fide gifts made for no consideration.

Who is the beneficiary of the ACTG shares gifted by Michelle Felman?
According to the footnote, the 16,086-share gifts were made to an irrevocable trust for no consideration for the benefit of her son.

Were Michelle Felman’s ACTG gift transactions under a Rule 10b5-1 plan?
The filing’s Rule 10b5-1 checkbox is not checked, and there is no footnote stating that these ACTG gift transactions were made pursuant to a Rule 10b5-1 trading plan.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
FELMAN MICHELLE
(Last)(First)(Middle)
777 THIRD AVENUE
SUITE 2602
(Street)
NEW YORK NEW YORK 10017
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
ACACIA RESEARCH CORP [ ACTG ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
08/28/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
ACTG Common Stock08/28/2026G16,086(1)D$4.4941,138D
ACTG Common Stock08/28/2026G16,086(1)D$4.4925,052D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. On August 28, 2026, the reporting person gifted 16,086 shares of ACTG common stock to an irrevocable trust for no consideration for the benefit of the reporting person's son.
Remarks:
Jennifer Graff, Attorney-in-fact09/01/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR