IP Strategy Holdings CFO acquires 1,111 shares

The remaining RSUs vest in installments through June 2, 2027, subject to continued service.

Available on EDGAR 11/04/2026 - 05:43 PM EST Accepted by SEC EDGAR 11/04/2026 - 05:43 PM EST

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Form Type

Rhea-AI Filing Summary

IP Strategy Holdings, Inc. (IPST) EVP of Finance & CFO Michael Carrosino exercised 1,111 restricted stock units on November 2, 2026, acquiring 1,111 shares of common stock. He held 2,592 restricted stock units following the transaction. Separately, 330 common shares were relinquished, canceled by the issuer, and returned to its treasury in exchange for remittance of tax-withholding obligations related to RSU vesting; this was not a sale by Carrosino.

Insider Trade Summary

1,111 shares exercised/converted

Exercise 3 txns

Insider CARROSINO MICHAEL

Role EVP of Finance & CFO

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units ^{F1, F4}	1,111	$0.00	$0.00
Exercise	Common Stock ^F1	1,111	--	--
Tax Withholding	Common Stock ^{F2, F3}	330	$2.22	$732.60

Holdings After Transaction: Restricted Stock Units — 2,592 contracts (Direct); Common Stock — 4,363 shares (Direct)

Holdings Before and After: Restricted Stock Units, 3,703 to 2,592 contracts (Direct); Common Stock, 3,582 to 4,363 shares (Direct)

Footnotes (4)

F1. Each restricted stock unit ("RSU") represents a contingent right to receive one share of the issuer's common stock.
F2. 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.
F3. 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.
F4. The RSUs vest over an eighteen (18) month period beginning December 10, 2025, with two (2) months of service-based vesting satisfied as of February 2, 2026. The remaining units vest in installments on May 2, 2026, August 2, 2026, November 2, 2026, February 2, 2027, May 2, 2027, and June 2, 2027, subject to continued service.

Key Figures

Restricted stock units exercised: 1,111 restricted stock units Common shares acquired: 1,111 shares Shares relinquished for tax withholding: 330 shares +2 more

5 metrics

Restricted stock units exercised 1,111 restricted stock units November 2, 2026

Common shares acquired 1,111 shares Through the RSU exercise on November 2, 2026

Shares relinquished for tax withholding 330 shares Canceled and returned to the issuer's treasury

Restricted stock units following transaction 2,592 restricted stock units Following the November 2, 2026 transaction

Closing price reference $2.22 per share Applicable vesting-date closing price, or the immediately preceding trading date if no closing price was available

Key Terms

restricted stock unit, tax withholding obligations, service-based vesting

3 terms

restricted stock unit financial

"Each restricted stock unit ("RSU") represents a contingent right to receive one share"

A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.

tax withholding obligations financial

"remitting certain tax withholding obligations"

service-based vesting financial

"two (2) months of service-based vesting satisfied"

FAQ

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

How many IPST shares did Michael Carrosino receive from RSUs?

On November 2, 2026, Michael Carrosino exercised 1,111 restricted stock units and acquired 1,111 shares of IPST common stock. He held 2,592 restricted stock units following the transaction.

Why were 330 IPST shares relinquished?

The issuer canceled and returned 330 shares to its treasury in exchange for remittance of certain tax-withholding obligations resulting from RSU vesting. Carrosino did not sell those shares.

When do the IPST RSUs vest?

The RSUs vest over an 18-month period beginning December 10, 2025. Remaining units vest on May 2, August 2, and November 2, 2026, then February 2, May 2, and June 2, 2027, subject to continued service. Two months of service-based vesting were satisfied as of February 2, 2026.

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

Form 4 Insider Transactions: What Each Field Means →

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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^*

CARROSINO MICHAEL

(Last)

(First)

(Middle)

C/O IP STRATEGY HOLDINGS, INC.

11010 HARBOR HILL DRIVE #B-308

(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)
	EVP of Finance & CFO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
11/02/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	11/02/2026		M		1,111	A	⁽¹⁾	4,693	D
Common Stock	11/02/2026		F		330⁽²⁾	D	$2.22⁽³⁾	4,363	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Stock Units	⁽¹⁾	11/02/2026		M			1,111	⁽⁴⁾	⁽⁴⁾	Common Stock	1,111	$0	2,592	D

Explanation of Responses:

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

2. 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.

3. 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.

4. The RSUs vest over an eighteen (18) month period beginning December 10, 2025, with two (2) months of service-based vesting satisfied as of February 2, 2026. The remaining units vest in installments on May 2, 2026, August 2, 2026, November 2, 2026, February 2, 2027, May 2, 2027, and June 2, 2027, subject to continued service.

Remarks:

	/s/ Justin B. Stiefel, attorney-in-fact for Michael Carrosino	11/04/2026
	** 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)

Source: View Original Filing on SEC EDGAR