[Form 4] Acacia Research Corporation Insider Trading Activity
Michelle Felman, identified as a director of Acacia Research Corporation (ACTG), reported two gift transactions of company common stock dated 08/11/2025. The filing states she gifted 11,560 shares and 11,561 shares to an irrevocable trust established for the benefit of her son, and that each gift was for no consideration.
The Form 4 shows the transactions coded as gifts and reports post-transaction direct beneficial ownership figures of 43,733 shares and 32,172 shares respectively as listed on the form. The filing is signed by an attorney-in-fact.
Michelle Felman, identificata come direttrice di Acacia Research Corporation (ACTG), ha segnalato due operazioni di donazione di azioni ordinarie della società datate 08/11/2025. La comunicazione indica che ha donato 11,560 azioni e 11,561 azioni a un trust irrevocabile costituito a beneficio del figlio, e che ogni donazione è avvenuta a titolo gratuito.
Il Modello 4 riporta le operazioni classificate come donazioni e indica, come proprietà utile diretta post-transazione, rispettivamente 43,733 azioni e 32,172 azioni, come elencato nel modulo. La dichiarazione è firmata da un rappresentante con procura.
Michelle Felman, identificada como directora de Acacia Research Corporation (ACTG), informó dos transferencias a título de regalo de acciones ordinarias de la empresa con fecha 08/11/2025. La presentación indica que donó 11,560 acciones y 11,561 acciones a un fideicomiso irrevocable establecido en beneficio de su hijo, y que cada donación se realizó sin contraprestación.
El Formulario 4 muestra las transacciones codificadas como regalos y declara como propiedad beneficiaria directa posterior a la transacción las cifras de 43,733 acciones y 32,172 acciones respectivamente, según figura en el formulario. La presentación está firmada por un apoderado.
Acacia Research Corporation(ACTG)의 이사로 확인된 Michelle Felman은 08/11/2025자 회사 보통주에 대한 두 건의 증여 거래를 보고했습니다. 제출서류에는 그녀가 아들을 위해 설립된 취소 불가능한 신탁에 11,560주와 11,561주를 증여했으며, 각 증여는 대가 없이 이루어졌다고 기재되어 있습니다.
Form 4에는 해당 거래들이 증여로 표시되어 있으며, 서류에 기재된 대로 거래 후 직접적 유익 소유 지분이 각각 43,733주와 32,172주로 보고되어 있습니다. 제출서는 대리인(위임받은 자)에 의해 서명되었습니다.
Michelle Felman, identifiée comme administratrice d'Acacia Research Corporation (ACTG), a déclaré deux opérations de don d'actions ordinaires de la société datées du 08/11/2025. Le dépôt indique qu'elle a donné 11,560 actions et 11,561 actions à une fiducie irrévocable établie au bénéfice de son fils, et que chaque don a été effectué sans contrepartie.
Le formulaire 4 présente les opérations codées comme des dons et fait état, après transaction, d'une détention bénéficiaire directe de 43,733 actions et 32,172 actions respectivement, telles qu'indiquées sur le formulaire. Le dépôt est signé par un mandataire.
Michelle Felman, als Direktorin von Acacia Research Corporation (ACTG) identifiziert, meldete zwei Schenkungstransaktionen von Stammaktien des Unternehmens datiert 08/11/2025. In der Einreichung heißt es, sie habe 11,560 Aktien und 11,561 Aktien an einen unwiderruflichen Trust zugunsten ihres Sohnes geschenkt, und jede Schenkung erfolgte ohne Gegenleistung.
Das Formular 4 weist die Transaktionen als Schenkungen aus und meldet die nach der Transaktion jeweils 43,733 Aktien bzw. 32,172 Aktien als direkte wirtschaftliche Eigentumsanteile, wie im Formular aufgeführt. Die Einreichung ist von einem Bevollmächtigten unterzeichnet.
- Transparent disclosure: The Form 4 explicitly records the gifts and provides explanatory remarks.
- Reported post-transaction ownership: The filing lists direct beneficial ownership figures (43,733 and 32,172), documenting holdings after the transfers.
- None.
Insights
TL;DR Director reported two gifts totaling 23,121 ACTG shares to an irrevocable trust; disclosure reduces direct holdings but appears routine.
The Form 4 documents two gift transactions (codes "G") totaling 23,121 ACTG shares transferred to an irrevocable trust for the reporting person’s son, with $0 consideration reported. Post-transaction direct beneficial ownership figures are listed as 43,733 and 32,172 on the form. From a market-impact perspective, these intra-family transfers are typically non-economic dispositions and are often treated as governance/estate planning actions rather than corporate-control changes. The filing provides the required Section 16 disclosure of the insider transfer.
TL;DR Form 4 shows transparent disclosure of intergenerational transfer via an irrevocable trust by a director, consistent with Section 16 reporting.
The reporting person is identified as a director and the form clearly classifies both transactions as gifts to an irrevocable trust for the benefit of her son, with explicit explanatory remarks. The signature block indicates the form was executed by an attorney-in-fact. This record demonstrates adherence to insider reporting rules by documenting the nature of the transfer and the resulting beneficial ownership figures.
Michelle Felman, identificata come direttrice di Acacia Research Corporation (ACTG), ha segnalato due operazioni di donazione di azioni ordinarie della società datate 08/11/2025. La comunicazione indica che ha donato 11,560 azioni e 11,561 azioni a un trust irrevocabile costituito a beneficio del figlio, e che ogni donazione è avvenuta a titolo gratuito.
Il Modello 4 riporta le operazioni classificate come donazioni e indica, come proprietà utile diretta post-transazione, rispettivamente 43,733 azioni e 32,172 azioni, come elencato nel modulo. La dichiarazione è firmata da un rappresentante con procura.
Michelle Felman, identificada como directora de Acacia Research Corporation (ACTG), informó dos transferencias a título de regalo de acciones ordinarias de la empresa con fecha 08/11/2025. La presentación indica que donó 11,560 acciones y 11,561 acciones a un fideicomiso irrevocable establecido en beneficio de su hijo, y que cada donación se realizó sin contraprestación.
El Formulario 4 muestra las transacciones codificadas como regalos y declara como propiedad beneficiaria directa posterior a la transacción las cifras de 43,733 acciones y 32,172 acciones respectivamente, según figura en el formulario. La presentación está firmada por un apoderado.
Acacia Research Corporation(ACTG)의 이사로 확인된 Michelle Felman은 08/11/2025자 회사 보통주에 대한 두 건의 증여 거래를 보고했습니다. 제출서류에는 그녀가 아들을 위해 설립된 취소 불가능한 신탁에 11,560주와 11,561주를 증여했으며, 각 증여는 대가 없이 이루어졌다고 기재되어 있습니다.
Form 4에는 해당 거래들이 증여로 표시되어 있으며, 서류에 기재된 대로 거래 후 직접적 유익 소유 지분이 각각 43,733주와 32,172주로 보고되어 있습니다. 제출서는 대리인(위임받은 자)에 의해 서명되었습니다.
Michelle Felman, identifiée comme administratrice d'Acacia Research Corporation (ACTG), a déclaré deux opérations de don d'actions ordinaires de la société datées du 08/11/2025. Le dépôt indique qu'elle a donné 11,560 actions et 11,561 actions à une fiducie irrévocable établie au bénéfice de son fils, et que chaque don a été effectué sans contrepartie.
Le formulaire 4 présente les opérations codées comme des dons et fait état, après transaction, d'une détention bénéficiaire directe de 43,733 actions et 32,172 actions respectivement, telles qu'indiquées sur le formulaire. Le dépôt est signé par un mandataire.
Michelle Felman, als Direktorin von Acacia Research Corporation (ACTG) identifiziert, meldete zwei Schenkungstransaktionen von Stammaktien des Unternehmens datiert 08/11/2025. In der Einreichung heißt es, sie habe 11,560 Aktien und 11,561 Aktien an einen unwiderruflichen Trust zugunsten ihres Sohnes geschenkt, und jede Schenkung erfolgte ohne Gegenleistung.
Das Formular 4 weist die Transaktionen als Schenkungen aus und meldet die nach der Transaktion jeweils 43,733 Aktien bzw. 32,172 Aktien als direkte wirtschaftliche Eigentumsanteile, wie im Formular aufgeführt. Die Einreichung ist von einem Bevollmächtigten unterzeichnet.
FAQ
What did Michelle Felman report on her Form 4 for ACTG?
When were the reported transactions executed for ACTG shares?
How many ACTG shares were involved in total in the Form 4 gifts?
What ownership does the Form 4 report after these transactions?
Who signed or executed the Form 4 filing?
