Ajay Sundar (ACTG) takes Q1 2026 director fees in Acacia stock grant

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

ACACIA RESEARCH CORP director Ajay Sundar acquired 4,158 shares of Common Stock as compensation. The shares were granted on March 31, 2026 in lieu of cash for Q1 2026 director fees at a reference price of $4.81 per share, bringing his direct holdings to 103,430 shares.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Sundar Ajay

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock, par value $0.001	4,158	$4.81	$20K

Holdings After Transaction: Common Stock, par value $0.001 — 103,430 shares (Direct)

Footnotes (1)

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Key Figures

Shares granted: 4,158 shares Grant price per share: $4.81 per share Total holdings after grant: 103,430 shares +1 more

4 metrics

Shares granted 4,158 shares Grant of Common Stock for Q1 2026 director fees

Grant price per share $4.81 per share Transaction price for stock grant on March 31, 2026

Total holdings after grant 103,430 shares Direct Common Stock ownership following the transaction

Transaction date March 31, 2026 Date of stock grant in lieu of Q1 2026 director fees

Key Terms

Grant, award, or other acquisition, Common Stock, par value $0.001, director fees, non-derivative

4 terms

Grant, award, or other acquisition financial

"transaction_code_description: Grant, award, or other acquisition"

Common Stock, par value $0.001 financial

"security_title: Common Stock, par value $0.001"

director fees financial

"in lieu of cash for Q1 2026 director fees"

non-derivative financial

"transaction_type: non-derivative"

Form 4 Insider Transactions: What Each Field Means →

04/01/2026 - 09:11 PM

SEC Form 4

FORM 4

UNITED 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^*

Sundar Ajay

(Last)

(First)

(Middle)

777 THIRD AVENUE

18TH FLOOR

(Street)

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)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/31/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form 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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock, par value $0.001	03/31/2026		A		4,158⁽¹⁾	A	$4.81	103,430	D

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Grant of shares of Common Stock in lieu of cash for Q1 2026 director fees.

	/s/ Ajay Sundar	04/01/2026
	** Signature of Reporting Person	Date
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

FAQ

What insider transaction did ACTG director Ajay Sundar report?

Ajay Sundar reported receiving a grant of 4,158 shares of ACACIA RESEARCH CORP Common Stock. The shares were issued as part of his Q1 2026 director compensation instead of paying those fees in cash.

How many ACACIA RESEARCH (ACTG) shares were granted to Ajay Sundar?

Ajay Sundar was granted 4,158 shares of ACACIA RESEARCH CORP Common Stock. This equity award represents director fees for Q1 2026 that were taken in stock rather than in cash, according to the Form 4 footnote.

At what price were Ajay Sundar’s ACTG shares valued in the grant?

The 4,158 granted shares were valued at $4.81 per share. This price is listed as the transaction price per share on the Form 4 and is used to measure the value of the stock-based director fees.

What are Ajay Sundar’s total ACTG holdings after this transaction?

After the grant, Ajay Sundar directly owns 103,430 shares of ACACIA RESEARCH CORP Common Stock. This total, reported in the Form 4, reflects his direct beneficial ownership following the Q1 2026 director fee stock award.

Was Ajay Sundar’s ACTG transaction an open-market purchase or a grant?

The transaction was a grant, not an open-market purchase. The Form 4 uses code “A” for a grant, and a footnote explains the shares were issued in lieu of cash for Q1 2026 director fees.

Does the ACTG Form 4 indicate any derivative securities for Ajay Sundar?

The Form 4 data shows no derivative transactions or remaining derivative positions for Ajay Sundar. The reported activity involves only non-derivative Common Stock granted as stock-based director compensation for Q1 2026.