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IP Strategy Holdings, Inc. (IPST) CFO settles RSUs and uses shares for taxes

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

IP Strategy Holdings EVP of Finance & CFO Michael Carrosino settled restricted stock units into 1,236 shares of common stock on August 2, 2026. To cover related tax withholding obligations, 368 shares were relinquished and returned to treasury at $2.16 per share rather than sold in the market.

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Insider CARROSINO MICHAEL
Role EVP of Finance & CFO
Type Security Shares Price Value
Exercise Restricted Stock Units F1, F4 125 $0.00 $0.00
Exercise Restricted Stock Units F1, F5 1,111 $0.00 $0.00
Exercise Common Stock F1 125 -- --
Tax Withholding Common Stock F2, F3 38 $2.16 $82.08
Exercise Common Stock F1 1,111 -- --
Tax Withholding Common Stock F2, F3 330 $2.16 $712.80
Holdings After Transaction: Restricted Stock Units — 3,703 shares (Direct); Common Stock — 3,582 shares (Direct)
Footnotes (5)
  1. F1. Each restricted stock unit ("RSU") represents a contingent right to receive one share of the issuer's common stock.
  2. 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.
  3. 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.
  4. F4. Of the RSUs granted on October 1, 2025, 125 units were vested as of September 1, 2025. The remaining 500 units vest in equal quarterly installments over twelve (12) months beginning September 1, 2025, of which 375 units vested and settled on February 2, 2026. The remaining units vest in equal installments on May 2, 2026 and August 2, 2026, subject to continued service.
  5. F5. 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 equal installments on May 2, 2026, August 2, 2026, November 2, 2026, and February 2, 2027, subject to continued service.
Common shares from RSU vesting 1,236 shares Common stock issued to the CFO upon RSU settlement on August 2, 2026
Shares withheld for taxes 368 shares Relinquished and returned to treasury to satisfy tax withholding obligations
Tax withholding reference price $2.16 per share Per share closing price used to value shares withheld for tax obligations
RSUs converted from one grant 125 units RSUs from October 1, 2025 grant that vested and were settled into common stock
Remaining RSUs from Oct 1, 2025 grant 500 units Units scheduled to vest over twelve months beginning September 1, 2025
RSUs vested and settled Feb 2, 2026 375 units Portion of October 1, 2025 RSU grant that vested and settled earlier
Restricted Stock Units financial
"Each restricted stock unit ("RSU") represents a contingent right"
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"
returned them to issuer's treasury financial
"cancelled such shares and returned them to issuer's treasury"
vesting financial
"units vest in equal quarterly installments over twelve (12) months"
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.
service-based vesting financial
"with two (2) months of service-based vesting satisfied"

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

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FAQ

What insider activity did IPST CFO Michael Carrosino report?
EVP of Finance & CFO Michael Carrosino reported settling restricted stock units into 1,236 shares of IP Strategy common stock on August 2, 2026, with part of the shares withheld to satisfy related tax obligations.

How many IPST shares did the CFO receive from RSU vesting?
Carrosino received 1,236 shares of IP Strategy common stock through the vesting and settlement of restricted stock units. These shares came from RSU grants described in the footnotes, converting each unit into one share of common stock.

How many IPST shares were withheld for taxes and at what price?
A total of 368 shares of IP Strategy common stock were relinquished and returned to treasury to cover tax withholding, valued at $2.16 per share, which reflects the applicable closing price referenced for the vesting date.

Were any IPST shares actually sold on the market in this insider event?
No market sales occurred. Footnotes state the relinquished shares were cancelled and returned to IP Strategy’s treasury solely to satisfy tax withholding obligations, and that no shares of the issuer were sold by the reporting person.

What do the footnotes reveal about the IPST RSU vesting schedules?
Footnotes describe RSUs granted on October 1, 2025 with 125 units vested by September 1, 2025 and 375 units vested and settled on February 2, 2026, plus another RSU grant beginning vesting on December 10, 2025 over an eighteen‑month period.

How were tax withholding obligations handled in this IPST insider transaction?
Tax obligations from RSU vesting were settled by relinquishing shares of common stock back to IP Strategy. The issuer cancelled these shares and returned them to treasury in exchange for remitting the reporting person’s tax withholding obligations.
SEC Form 4
FORM 4UNITED 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.
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)
Director10% Owner
XOfficer (give title below)Other (specify below)
EVP of Finance & CFO
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
08/02/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
Common Stock08/02/2026M125A(1)2,839D
Common Stock08/02/2026F38(2)D$2.16(3)2,801D
Common Stock08/02/2026M1,111A(1)3,912D
Common Stock08/02/2026F330(2)D$2.16(3)3,582D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Units(1)08/02/2026M125 (4) (4)Common Stock125$00D
Restricted Stock Units(1)08/02/2026M1,111 (5) (5)Common Stock1,111$03,703D
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. Of the RSUs granted on October 1, 2025, 125 units were vested as of September 1, 2025. The remaining 500 units vest in equal quarterly installments over twelve (12) months beginning September 1, 2025, of which 375 units vested and settled on February 2, 2026. The remaining units vest in equal installments on May 2, 2026 and August 2, 2026, subject to continued service.
5. 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 equal installments on May 2, 2026, August 2, 2026, November 2, 2026, and February 2, 2027, subject to continued service.
Remarks:
/s/ Justin B. Stiefel, attorney-in-fact for Michael Carrosino08/03/2026
** Signature of Reporting PersonDate
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