IP Strategy (IPST) SVP logs RSU vesting and share surrender for taxes
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.
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- None.
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Insider Trade Summary
Net Buyer: 55 shares
Net Buy
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 shares (Direct);
Common Stock — 448 shares (Direct)
Footnotes (5)
- F1. All share amounts in this Form 4 reflect a 1-for-20 reverse stock split effected on April 23, 2026.
- F2. Each restricted stock unit ("RSU") represents a contingent right to receive one share of the issuer's common stock.
- 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.
- 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.
- 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
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.
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
