IP Strategy SVP exercises RSUs, pays taxes in stock

IP STRATEGY HOLDINGS, INC.

Rhea-AI Filing Summary

IP STRATEGY HOLDINGS, INC. SVP of Wholesale Operations Danielle B. Perkins reported routine equity compensation activity involving restricted stock units (RSUs). On July 2, 2026, 94 RSUs converted into 94 shares of common stock, increasing her direct holdings. To cover related tax obligations, she relinquished 39 shares back to the company at a reference price of $2.48 per share, which the issuer cancelled and returned to treasury, so no shares were sold on the open market. After these transactions, she directly held 448 shares of common stock. All share amounts reflect a prior 1-for-20 reverse stock split, and the RSUs vest in equal quarterly installments through October 2, 2027, subject to continued service.

Insider Trade Summary

94 shares exercised/converted

Exercise 3 txns

Insider Perkins Danielle B

Role SVP of Wholesale Operations

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	94	$0.00	$0.00
Exercise	Common Stock	94	$0.00	$0.00
Exercise Price or Tax Liability	Common Stock	39	$2.48	$96.72

Holdings After Transaction: Restricted Stock Units — 469 contracts (Direct); Common Stock — 448 shares (Direct)

Footnotes (5)

1. F1. All share amounts in this Form 4 reflect a 1-for-20 reverse stock split effected on April 23, 2026.
2. F2. Each restricted stock unit ("RSU") represents a contingent right to receive one share of the issuer's common stock.
3. F3. 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.
4. F4. 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.
5. F5. The RSUs vest over a two-year period beginning January 2, 2026. Quarterly installments vested on February 2, 2026 and April 2, 2026, and the remaining units vesting in equal quarterly installments on July 2, 2026, October 2, 2026, January 2, 2027, April 2, 2027, July 2, 2027, and October 2, 2027, subject to continued service.

Key Figures

RSUs converted: 94 shares Shares relinquished for taxes: 39 shares Reference price per share: $2.48 per share +4 more

7 metrics

RSUs converted 94 shares Restricted Stock Units converted to common stock on July 2, 2026

Shares relinquished for taxes 39 shares Shares surrendered to issuer to satisfy tax withholding

Reference price per share $2.48 per share Per share closing price used for tax withholding calculation

Shares held after transactions 487 shares Direct common stock holdings following July 2, 2026 transactions

Reverse stock split ratio 1-for-20 Reverse split effective April 23, 2026 applied to all amounts

RSU vesting period start January 2, 2026 Beginning of two-year RSU vesting schedule

Final RSU vesting date October 2, 2027 Last scheduled quarterly RSU vesting date, subject to service

Key Terms

reverse stock split, Restricted Stock Units, tax withholding obligations, treasury, +1 more

5 terms

reverse stock split financial

"All share amounts in this Form 4 reflect a 1-for-20 reverse stock split effected on April 23, 2026."

A reverse stock split reduces a company's number of outstanding shares while raising the price per share proportionally, so the total value of each investor's holding is unchanged; a 1-for-10 split turns 100 shares worth $1 each into 10 shares worth $10 each. Companies often do this to regain compliance with an exchange's minimum price rule or to attract investors who avoid very low-priced stocks.

Restricted Stock Units financial

"Each restricted stock unit ("RSU") represents a contingent right to receive one share of the issuer's common stock."

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 resulting from the vesting of the RSUs."

treasury financial

"the issuer cancelled such shares and returned them to issuer's treasury in exchange for remitting certain tax withholding obligations"

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

"The RSUs vest over a two-year period beginning January 2, 2026."

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

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transactions did IPST executive Danielle Perkins report?

Danielle Perkins reported RSU vesting and a related tax withholding. 94 restricted stock units converted into common shares, and 39 shares were relinquished to the company to satisfy tax obligations, leaving her with 487 directly held shares.

Did the IPST insider sell shares on the open market in this Form 4?

No, the filing shows no open market share sales. Perkins relinquished 39 shares to the company, which were cancelled and returned to treasury in exchange for paying her tax withholding from RSU vesting, not sold to market buyers.

How many IPST shares does Danielle Perkins hold after these transactions?

Perkins directly holds 487 shares of IP Strategy common stock. This balance reflects the net result after 94 shares from RSU conversion were added and 39 shares were surrendered to cover tax obligations tied to the vesting event.

What is the vesting schedule of Danielle Perkins’ IPST RSUs?

The RSUs vest quarterly over a two-year period beginning January 2, 2026. Installments vested on February 2 and April 2, 2026, with remaining units vesting quarterly through July 2, 2027 and October 2, 2027, subject to continued service.

How did the reverse stock split affect the share amounts in this IPST Form 4?

All reported share amounts reflect a 1-for-20 reverse stock split. The split, effective April 23, 2026, reduced the number of shares outstanding, so the Form 4 figures already incorporate the adjusted post-split share counts.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 07/06/2026 - 04:37 PM EDT Learn about SEC filing dates

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

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Perkins Danielle B

(Last) (First) (Middle)

C/O IP STRATEGY HOLDINGS, INC.

9668 BUJACICH ROAD

(Street)

GIG HARBOR WASHINGTON 98332

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
IP STRATEGY HOLDINGS, INC. [ IPST ]

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

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	SVP of Wholesale Operations

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/02/2026

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

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

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

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	07/02/2026		M		94(1)	A	(2)	487	D
Common Stock	07/02/2026		F		39(3)	D	$2.48(4)	448	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
Restricted Stock Units	(2)	07/02/2026		M			94(1)	(5)	(5)	Common Stock	94	$0	469	D

Explanation of Responses:

1. All share amounts in this Form 4 reflect a 1-for-20 reverse stock split effected on April 23, 2026.

2. Each restricted stock unit ("RSU") represents a contingent right to receive one share of the issuer's common stock.

3. 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.

4. 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.

5. The RSUs vest over a two-year period beginning January 2, 2026. Quarterly installments vested on February 2, 2026 and April 2, 2026, and the remaining units vesting in equal quarterly installments on July 2, 2026, October 2, 2026, January 2, 2027, April 2, 2027, July 2, 2027, and October 2, 2027, subject to continued service.

Remarks:

	/s/ Justin B. Stiefel, attorney-in-fact for Danielle B. Perkins	07/06/2026
	** 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.
* Form 4: SEC 1474 (03-26)