Adam Katz 2012 Revocable Trust boosts IPM (IPM) stake with 62,972-share buy
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Adam Katz 2012 Revocable Trust, a ten percent owner of INTELLIGENT PROTECTION MANAGEMENT CORP. (IPM), reported a series of open-market purchases of common stock. Between April 7 and April 10, 2026, the trust bought a total of 62,972 shares at weighted average prices in a narrow range around $1.79–$1.80 per share.
Following these transactions, the trust directly holds 1,000,000 shares of IPM common stock. The filing notes that the reported prices are weighted averages for multiple trades within each day’s stated price range.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 62,972 shares ($113,135)
Net Buy
4 txns
Insider
Adam Katz 2012 Revocable Trust
Role
null
Bought
62,972 shs ($113K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock | 19,309 | $1.79 | $35K |
| Purchase | Common Stock | 2,200 | $1.79 | $4K |
| Purchase | Common Stock | 19,951 | $1.80 | $36K |
| Purchase | Common Stock | 21,512 | $1.80 | $39K |
Holdings After Transaction:
Common Stock — 1,000,000 shares (Direct, null)
Footnotes (1)
- The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $1.79 to $1.80, inclusive. The reporting person undertakes to provide to Intelligent Protection Management Corp. (the "Issuer"), any security holder of the Issuer, or the staff of the Securities and Exchange Commission (the "SEC"), upon request, full information regarding the number of shares purchased at each separate price within the range set forth in footnote (1) to this Form 4. The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $1.78 to $1.80, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in footnote (2) to this Form 4 The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $1.79 to $1.80, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in footnote (3) to this Form 4. The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $1.78 to $1.80, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in footnote (4) to this Form 4.
Key Figures
Total shares purchased: 62,972 shares
Purchase price range: $1.78–$1.80 per share
Shares bought on April 10, 2026: 19,309 shares at $1.79
+2 more
5 metrics
Total shares purchased
62,972 shares
Open-market common stock buys on April 7–10, 2026
Purchase price range
$1.78–$1.80 per share
Weighted average prices across multiple trades each day
Shares bought on April 10, 2026
19,309 shares at $1.79
Non-derivative open-market purchase of common stock
Shares bought on April 7, 2026
21,512 shares at $1.80
Non-derivative open-market purchase of common stock
Post-transaction holdings
1,000,000 shares
Common stock directly owned after April 10, 2026 trades
Key Terms
open-market purchase, weighted average price, ten percent owner, non-derivative
4 terms
open-market purchase financial
"transaction_action: open-market purchase"
An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.
weighted average price financial
"The price reported in Column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
ten percent owner financial
"is_ten_percent_owner: 1"
non-derivative financial
"transaction_type: non-derivative"
FAQ
What insider activity did Adam Katz 2012 Revocable Trust report for IPM?
Adam Katz 2012 Revocable Trust reported open-market purchases of IPM common stock. Over April 7–10, 2026, it bought 62,972 shares at weighted average prices around $1.79–$1.80 per share, increasing its direct holdings to 1,000,000 shares.
What does the weighted average price disclosure mean in the IPM Form 4?
Weighted average price means each reported price is an average of many trades that day. The trust notes shares were purchased in multiple transactions within daily ranges, and it will provide detailed price breakdowns upon request to IPM, shareholders, or SEC staff.