IP Strategy Holdings (IPST) SVP exercises RSUs, surrenders shares for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
IP Strategy Holdings, Inc. senior vice president of wholesale operations Danielle B. Perkins exercised 1,875 restricted stock units into common shares on April 2, 2026. This increased her directly held common stock before tax to 8,648 shares and her remaining RSUs to 11,250.
To cover tax obligations from the RSU vesting, 773 common shares were relinquished back to the company at a reference price of $0.244 per share, with no open-market sale. After these tax-withholding shares were cancelled into treasury, Perkins directly held 7,875 common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1,875 shares exercised/converted
Mixed
3 txns
Insider
Perkins Danielle B
Role
SVP of Wholesale Operations
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 1,875 | $0.00 | -- |
| Exercise | Common Stock | 1,875 | $0.00 | -- |
| Tax Withholding | Common Stock | 773 | $0.244 | $188.61 |
Holdings After Transaction:
Restricted Stock Units — 11,250 shares (Direct);
Common Stock — 8,648 shares (Direct)
Footnotes (1)
- Each restricted stock unit ("RSU") represents a contingent right to receive one share of the issuer's common stock. 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. Represents the per share closing price of the issuer's Common Stock on the applicable vesting date or, if there was no closing price on such date, the closing price on the trading date that was immediately prior to such vesting date. On January 2, 2026, the reporting person was granted 15,000 RSUs, which vest in equal quarterly installments over a two-year period, subject to the terms of the applicable award agreement.
Key Figures
RSUs vested and exercised: 1,875 units/shares
Shares relinquished for taxes: 773 shares
Tax reference price: $0.244 per share
+4 more
7 metrics
RSUs vested and exercised
1,875 units/shares
Restricted stock units converting to common stock on April 2, 2026
Shares relinquished for taxes
773 shares
Common shares returned to treasury to satisfy tax withholding
Tax reference price
$0.244 per share
Per-share closing price used for tax-withholding share value
Common shares after transactions
7,875 shares
Directly held common stock position following RSU vesting and tax withholding
Common shares before tax withholding
8,648 shares
Directly held common stock immediately after RSU conversion, before F-code disposition
RSUs remaining after vest
11,250 units
Restricted stock units still held after 1,875 units vested
Original RSU grant
15,000 units
RSUs granted on January 2, 2026, vesting quarterly over two years
Key Terms
Restricted Stock Units, tax withholding obligations, treasury, vesting, +1 more
5 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.
tax withholding obligations financial
"in exchange for remitting certain tax withholding obligations of the reporting person"
treasury financial
"the 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.
vesting financial
"resulting from the vesting of the RSUs"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
FAQ
What insider activity did IPST executive Danielle Perkins report on this Form 4?
Danielle Perkins exercised 1,875 restricted stock units into common shares. These RSUs converted into IP Strategy Holdings common stock on April 2, 2026, as part of a scheduled vesting, increasing her share ownership before related tax withholding.
What does each IPST restricted stock unit represent for Danielle Perkins?
Each restricted stock unit represents a right to receive one common share. The filing notes every RSU converts into a single share of IP Strategy Holdings’ common stock upon vesting, which is why 1,875 vested RSUs produced 1,875 new common shares.
What was the original RSU grant disclosed for Danielle Perkins at IPST?
Perkins was granted 15,000 restricted stock units on January 2, 2026. Footnotes state these RSUs vest in equal quarterly installments over two years, subject to the terms of the applicable award agreement governing the equity grant.