[Form 4] Digimarc CORP Insider Trading Activity

Rhea-AI Filing Summary

LaShonda Anderson-Williams, a director of Digimarc Corp (DMRC), reported a purchase of common stock on 10/01/2025. The Form 4 shows an acquisition of 831 shares at a price of $9.77 per share, bringing her reported direct beneficial ownership to 24,428 shares. The filing lists no derivative transactions. The form is signed by George Karamanos by power of attorney on 10/01/2025.

Positive

• Insider purchase disclosed with specific quantity and price, meeting Section 16 reporting requirements
• No derivative transactions were reported, simplifying the ownership picture

Negative

• None.

Insights

Corporate Governance Expert

TL;DR: Director filed a routine insider purchase; small transaction relative to total holdings, no derivatives reported.

The Form 4 discloses a straightforward open-market acquisition by a company director. The purchase of 831 shares at $9.77 increases reported direct ownership to 24,428 shares, which is a clear, contemporaneous disclosure of insider activity required under Section 16. There are no derivative holdings or dispositions reported, and the filing is executed by an authorized power of attorney. From a governance and compliance perspective, the filing meets disclosure expectations and contains the necessary transaction details.

Securities Analyst

TL;DR: Small-scale insider buy disclosed; immaterial by itself but confirms director purchasing common stock.

The disclosed acquisition is modest in size (831 shares at $9.77). The filing does not include options, warrants, or other derivatives, limiting complexity. While the absolute size of the purchase appears limited relative to the reported total holdings (24,428 shares), the transaction provides transparency about the director's direct equity position. No additional market-moving information or material changes to compensation or ownership structure are present in this filing.

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

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Anderson-Williams LaShonda

(Last) (First) (Middle)

8500 SW CREEKSIDE PLACE

(Street)

BEAVERTON OR 97008

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Digimarc CORP [ DMRC ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

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

3. Date of Earliest Transaction (Month/Day/Year)
10/01/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

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

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	10/01/2025	10/01/2025	A		831	A	$9.77	24,428	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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

	/s/ George Karamanos, by power of attorney	10/01/2025
	** 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.

FAQ

What did Digimarc director LaShonda Anderson-Williams report on Form 4 (DMRC)?

She reported an acquisition of 831 shares of common stock on 10/01/2025 at $9.77 per share, bringing her direct beneficial ownership to 24,428 shares.

Were any derivative securities (options, warrants) reported in this Form 4 for DMRC?

No. The filing contains no derivative securities entries; only a non-derivative common stock purchase is reported.

Who signed the Form 4 for the reporting person?

The form is signed by George Karamanos by power of attorney on 10/01/2025.

How many shares does the director own after the reported transaction?

Following the reported purchase, the director beneficially owns 24,428 shares directly.