DMRC Form 4: Director Sandeep Dadlani acquires 1,279 shares

Rhea-AI Filing Summary

Digimarc (DMRC) director Sandeep Dadlani purchased 1,279 shares on 10/01/2025 at $9.77 per share, increasing his beneficial ownership to 38,281 shares. The Form 4 lists the transaction as a direct acquisition and the filing was executed by George Karamanos by power of attorney.

Positive

• Director purchase of 1,279 shares demonstrates insider buying activity
• Transaction disclosed timely on Form 4 with clear transaction details
• No derivative transactions reported, indicating straightforward equity purchase

Negative

• None.

Insights

Securities Analyst

TL;DR: Director purchased 1,279 shares at $9.77, modestly increasing insider ownership.

This Form 4 reports a straightforward, small-scale open-market acquisition by a company director. The purchase raised the director's direct stake to 38,281 shares, which is material only in the context of total outstanding shares (not provided). There is no indication of derivative activity, disposal, or change in control. The filing was submitted via power of attorney, which is routine.

Corporate Governance Expert

TL;DR: Routine insider purchase disclosed; no governance red flags in the filing.

The disclosure identifies the reporting person as a director and shows a direct acquisition on 10/01/2025. The transaction code is an acquisition and no amendments or joint filers are indicated. Signature by power of attorney is documented. There are no unusual terms, derivatives, or disposals reported.

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^*

Dadlani Sandeep

(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		1,279	A	$9.77	38,281	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 transaction did Digimarc (DMRC) director Sandeep Dadlani report on Form 4?

The Form 4 reports a direct acquisition of 1,279 shares on 10/01/2025 at a price of $9.77 per share.

How many shares does Sandeep Dadlani beneficially own after the reported transaction?

Following the reported purchase, the filing lists 38,281 shares as beneficially owned.

Was the Form 4 filed jointly or by one reporting person?

The form indicates it was filed by one reporting person (not jointly).

Was any derivative security involved in this Form 4 filing for DMRC?

No derivative securities were reported; Table II lists no derivative transactions.

Who signed the Form 4 filing for Sandeep Dadlani?

The Form 4 was signed by George Karamanos by power of attorney on 10/01/2025.