Digimarc (DMRC) CEO exercises options and receives new 500-unit grant
Rhea-AI Filing Summary
Digimarc Corp Chief Executive Officer Riley McCormack reported compensation-related equity activity involving common units and options. He exercised a unit option covering 500 common units at a conversion price of $12.05 per unit and received 500 common units, bringing his direct holdings to 5,603 common units. He was also granted a new unit option for 500 common units at a $12.05 conversion price expiring on May 19, 2036. According to the disclosure, the option is part of a larger 1,500-unit award exercisable in three tranches of 500, and Digimarc LLC common units are generally redeemable after May 20, 2027 for either an equal number of Digimarc Corp common shares or cash equal to their fair market value, at the issuer’s election.
Positive
- None.
Negative
- None.
Insider Trade Summary
500 shares exercised/converted
Exercise
3 txns
Insider
mccormack riley
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Unit Option | 500 | $0.00 | $0.00 |
| Exercise | Unit Option | 500 | $0.00 | $0.00 |
| Grant/Award | Common Units | 500 | $12.05 | $6K |
Holdings After Transaction:
Unit Option — 0 shares (Direct);
Common Units — 5,603 shares (Direct)
Footnotes (2)
- F1. The option is part of an option for 1,500 common units which is exercisable in three equal tranches of 500. The option exercise price and therefore the grant date for purposes of Form 4 reporting is determined as of the date of exercise. On May 21, 2026, Mr. McCormack exercised one tranche of the option with respect to 500 common units.
- F2. 500 common units of Digimarc LLC, of which issuer is the Managing Member and majority owner, were purchased by Mr. McCormack. Common units are generally redeemable after May 20, 2027 for an equal number of shares of the issuer's common stock or at the election of the issuer as Managing Member, cash equal to the fair market value of such shares.
Key Figures
Common units acquired: 500 common units
Conversion price: $12.05 per unit
Units held after transaction: 5,603 common units
+4 more
7 metrics
Common units acquired
500 common units
Exercised from unit option on May 21, 2026
Conversion price
$12.05 per unit
Exercise price for 500 common units
Units held after transaction
5,603 common units
Direct Digimarc LLC common unit holdings post-transaction
New unit option grant
500 common units
Option granted with $12.05 conversion price
Option expiration
May 19, 2036
Expiration date of unit option linked to 500 units
Total award size
1,500 common units
Option exercisable in three tranches of 500 units
Redemption start date
May 20, 2027
Date after which common units are generally redeemable
Key Terms
Unit Option, Common Units, grant/award acquisition, derivative exercise/conversion, +1 more
5 terms
Unit Option financial
"The option is part of an option for 1,500 common units which is exercisable in three equal tranches of 500."
Common Units financial
"500 common units of Digimarc LLC, of which issuer is the Managing Member and majority owner, were purchased by Mr. McCormack."
Common units are the basic ownership stakes in a company, limited partnership, or trust that function like common stock: they give holders a claim on profits and often voting rights. Think of them as the ordinary seats at a table—the most directly affected by the business’s success or failure, so they typically offer higher upside but carry greater risk than preferred claims or creditors, which matters to investors evaluating potential return and safety.
grant/award acquisition financial
"transaction_action: grant/award acquisition for 500.0000 Common Units and 500.0000 Unit Option."
derivative exercise/conversion financial
"transaction_action: derivative exercise/conversion for 500.0000 Unit Option into 500.0000 Common Units."
redeemable financial
"Common units are generally redeemable after May 20, 2027 for an equal number of shares of the issuer's common stock or cash."
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did Digimarc (DMRC) CEO Riley McCormack report in this Form 4?
Riley McCormack reported acquiring equity-linked interests in Digimarc. He exercised an option for 500 common units and received a new option for 500 common units, both tied to a conversion price of $12.05 per unit, with no open-market share sales disclosed.
How many Digimarc LLC common units does the CEO hold after these transactions?
After these transactions, the CEO directly holds 5,603 Digimarc LLC common units. This reflects the addition of 500 common units acquired on May 21, 2026 through option exercise, as disclosed in the Form 4, and represents his updated post-transaction common unit position.
What options did the Digimarc CEO exercise and receive on May 21, 2026?
On May 21, 2026, the CEO exercised a unit option covering 500 common units at a $12.05 conversion price and received a new grant of a unit option for 500 common units with the same $12.05 conversion price, expiring May 19, 2036, as part of a larger 1,500-unit award.