IP STRATEGY HOLDINGS (IPST) CEO reports RSU vesting, tax share cancellations
Rhea-AI Filing Summary
IP STRATEGY HOLDINGS, INC. CEO & Treasurer Justin B. Stiefel reported compensation-related equity activity on February 2, 2026. He exercised restricted stock units into 58,333 shares of common stock held directly and 8,333 shares held indirectly through his spouse, with no open-market purchases or sales.
To cover associated tax obligations, 17,296 directly held shares and 2,471 spouse-held shares were relinquished to the company, which cancelled them and returned them to treasury rather than selling them. After these transactions, he holds 57,186 common shares directly, 22,253 indirectly through his spouse, and 165,480 indirectly via Constantine IHSV, LLC, along with remaining unvested RSUs.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 46,899 shares
Net Buy
7 txns
Insider
Stiefel Justin B
Role
CEO & Treasurer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 58,333 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 8,333 | $0.00 | $0.00 |
| Exercise | Common Stock | 58,333 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 17,296 | $1.08 | $19K |
| Exercise | Common Stock | 8,333 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 2,471 | $1.08 | $3K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 116,667 shares (Direct);
Restricted Stock Units — 16,667 shares (Indirect, By Spouse);
Common Stock — 57,186 shares (Direct);
Common Stock — 22,253 shares (Indirect, By spouse);
Common Stock — 165,480 shares (Indirect, By LLC)
Footnotes (8)
- F1. Each restricted stock unit ("RSU") represents a contingent right to receive one share of the issuer's common stock.
- F2. Includes 86 shares beneficially owned through American Estate and Trust, LC FBO Justin Stiefel IRA account
- F3. The reporting person relinquished the shares of Common Stock reported herein and the issuer cancelled such shares and returned them to issuer's treasury in exchange for remitting certain tax withholding obligations of the reporting person resulting from the vesting of the RSUs. As such, no shares of the issuer were sold by the reporting person.
- F4. Represents the per share closing price of the issuer's Common Stock on the applicable vesting date or, if there was no closing price on such date, the closing price on the trading date that was immediately prior to such vesting date.
- F5. Includes 13 shares beneficially owned through American Estate and Trust, LC FBO Jennifer Stiefel IRA account
- F6. These securities are held by Jennifer D.H. Stiefel, the spouse of the reporting person. For purposes of Section 16 of the Exchange Act, the reporting person disclaims beneficial ownership of any such securities, except to the extent of her pecuniary interest therein, if any, and this report shall not be deemed an admission that such reporting person is the beneficial owner of such securities for purposes of Section 16 or otherwise.
- F7. The reported securities are held by Constantine IHSV, LLC, of which the reporting person is the sole member and may be deemed to beneficially own the securities held by it.
- F8. The RSUs vest over an eighteen (18) month period beginning September 1, 2025, with six (6) months of service-based vesting deemed satisfied as of February 2, 2026, and the remaining units vesting in equal installments every three months thereafter, subject to continued service.
Key Figures
Direct RSU shares exercised: 58,333 shares
Spouse RSU shares exercised: 8,333 shares
Direct shares withheld for taxes: 17,296 shares
+5 more
8 metrics
Direct RSU shares exercised
58,333 shares
Common Stock acquired via RSU exercise on February 2, 2026
Spouse RSU shares exercised
8,333 shares
Common Stock acquired indirectly via spouse on February 2, 2026
Direct shares withheld for taxes
17,296 shares
Relinquished to issuer at $1.08 per share for tax obligations
Spouse shares withheld for taxes
2,471 shares
Relinquished to issuer at $1.08 per share for tax obligations
Direct common shares after transactions
57,186 shares
Direct ownership following February 2, 2026 activity
Spouse-held common shares after transactions
22,253 shares
Indirect ownership through spouse after February 2, 2026
LLC-held common shares
165,480 shares
Indirect ownership via Constantine IHSV, LLC
Remaining RSUs
133,334 units
116,667 direct and 16,667 indirect RSUs outstanding after vesting
Key Terms
Restricted Stock Units, tax-withholding disposition, beneficial ownership, pecuniary interest, +1 more
5 terms
Restricted Stock Units financial
"Each restricted stock unit ("RSU") represents a contingent right to receive one share"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
tax-withholding disposition financial
"Payment of exercise price or tax liability by delivering securities"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
beneficial ownership financial
"may be deemed to beneficially own the securities held by it"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
pecuniary interest financial
"disclaims beneficial ownership of any such securities, except to the extent of her pecuniary interest"
treasury financial
"issuer cancelled such shares and returned them to issuer's treasury"
The treasury is the department or area within a government or organization responsible for managing its money, finances, and financial strategies. It handles tasks like collecting revenue, paying bills, and planning for future financial needs, much like a household manages its budget. For investors, understanding the treasury is important because it influences interest rates, government spending, and overall economic stability.
FAQ
What equity transactions did IPST CEO Justin Stiefel report on this Form 4/A?
Justin Stiefel reported RSU-related equity activity on February 2, 2026, exercising 58,333 restricted stock units into directly held common shares and 8,333 into shares held by his spouse, with related tax withholding dispositions back to the company and no open-market trades.
How many restricted stock units remain outstanding for Justin Stiefel after the reported activity?
After the February 2, 2026 vesting and exercises, 116,667 restricted stock units remain directly held and 16,667 are indirectly held through his spouse. Each RSU represents a right to receive one common share, vesting over an eighteen-month schedule beginning September 1, 2025.
What does the tax-withholding disposition code F mean in Justin Stiefel’s IPST filing?
Code F indicates shares were surrendered to cover exercise price or tax liabilities. Here, shares of IPST common stock were relinquished to the issuer to satisfy RSU-related tax withholding; the company cancelled those shares and returned them to treasury, rather than selling them on the market.
AI-generated analysis. How Rhea-AI works. Not financial advice.
