IP Strategy CFO exercises RSUs, covers taxes
IP Strategy Holdings, Inc. executive vice president of finance and CFO Michael Carrosino reported routine equity compensation activity involving restricted stock units (RSUs).
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Form Type
4
Rhea-AI Filing Summary
IP Strategy Holdings, Inc. executive vice president of finance and CFO Michael Carrosino reported routine equity compensation activity involving restricted stock units (RSUs). On May 2, 2026, he exercised RSUs to acquire 1,236 shares of common stock, and 368 shares were relinquished back to the company at $5.50 per share to cover tax withholding obligations. According to the disclosure, no shares were sold in the market, and all share figures reflect a 1-for-20 reverse stock split effected on April 23, 2026.
Insider Trade Summary
1,236 shares exercised/converted
Exercise
6 txns
Insider
CARROSINO MICHAEL
Role
EVP of Finance & CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 125 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 1,111 | $0.00 | $0.00 |
| Exercise | Common Stock | 125 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 38 | $5.50 | $209.00 |
| Exercise | Common Stock | 1,111 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 330 | $5.50 | $2K |
Holdings After Transaction:
Restricted Stock Units — 4,939 contracts (Direct);
Common Stock — 2,714 shares (Direct)
Footnotes (5)
- F1. All share amounts in this Form 4 reflect a 1-for-20 reverse stock split effected on April 23, 2026.
- F2. Each restricted stock unit ("RSU") represents a contingent right to receive one share of the issuer's common stock.
- 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. Of the RSUs granted on October 1, 2025, 125 units were vested as of September 1, 2025. The remaining 500 units vest in equal quarterly installments over twelve (12) months beginning September 1, 2025, of which 375 units vested and settled on February 2, 2026. The remaining units vest in equal installments on May 2, 2026 and August 2, 2026, subject to continued service.
- F5. The RSUs vest over an eighteen (18) month period beginning December 10, 2025, with two (2) months of service-based vesting satisfied as of February 2, 2026. The remaining units vest in equal installments on May 2, 2026, August 2, 2026, November 2, 2026, and February 2, 2027, subject to continued service.
Key Figures
RSU shares exercised: 1,236 shares
Shares for tax withholding: 368 shares
Tax withholding reference price: $5.50 per share
+1 more
4 metrics
RSU shares exercised
1,236 shares
Common stock received upon RSU settlement on May 2, 2026
Shares for tax withholding
368 shares
Common stock relinquished to cover tax obligations at $5.50
Tax withholding reference price
$5.50 per share
Value used for shares returned to treasury for taxes
Reverse stock split ratio
1-for-20
Reverse stock split effective April 23, 2026 for all reported shares
Key Terms
Restricted Stock Units, reverse stock split, tax withholding obligations, treasury
4 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.
reverse stock split financial
"All share amounts in this Form 4 reflect a 1-for-20 reverse stock split effected"
A reverse stock split reduces a company's number of outstanding shares while raising the price per share proportionally, so the total value of each investor's holding is unchanged; a 1-for-10 split turns 100 shares worth $1 each into 10 shares worth $10 each. Companies often do this to regain compliance with an exchange's minimum price rule or to attract investors who avoid very low-priced stocks.
tax withholding obligations financial
"returned them to issuer's treasury in exchange for remitting certain tax withholding obligations"
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
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did IPST CFO Michael Carrosino report on this Form 4?
Michael Carrosino reported routine equity compensation activity. He exercised restricted stock units to acquire common shares and simultaneously relinquished a portion of those shares back to the company to satisfy tax withholding obligations related to the RSU vesting.
How do the RSUs in this IPST Form 4 vest over time?
The RSUs vest in scheduled installments over periods of twelve to eighteen months, subject to continued service. Portions were already vested and settled by February 2, 2026, with remaining units set to vest on specific quarterly dates through February 2, 2027, under the plan terms.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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