IP Strategy Holdings (IPST) exec exercises RSUs, relinquishes shares for tax withholding
Rhea-AI Filing Summary
IP STRATEGY HOLDINGS, INC. director and President & Secretary Jennifer D H Stiefel exercised 1,668 Restricted Stock Units into an equal number of shares of common stock on August 2, 2026, split between her direct holdings and shares held by her spouse, for which she disclaims beneficial ownership beyond any pecuniary interest. To cover tax withholding obligations from the RSU vesting, 495 shares of common stock were relinquished to the company at $2.16 per share, and no shares were sold by her. The RSUs continue to vest over an 18‑month period through February 2, 2027, subject to continued service.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 1,173 shares
Net Buy
6 txns
Insider
Stiefel Jennifer D H
Role
President & Secretary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F1, F5 | 209 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units F1, F5, F4 | 1,459 | $0.00 | $0.00 |
| Exercise | Common Stock F1 | 209 | -- | -- |
| Tax Withholding | Common Stock F2, F3 | 62 | $2.16 | $133.92 |
| Exercise | Common Stock F1, F4 | 1,459 | -- | -- |
| Tax Withholding | Common Stock F2, F3, F4 | 433 | $2.16 | $935.28 |
Holdings After Transaction:
Restricted Stock Units — 416 shares (Direct);
Restricted Stock Units — 2,916 shares (Indirect, By Spouse);
Common Stock — 1,404 shares (Direct);
Common Stock — 4,909 shares (Indirect, By Spouse)
Footnotes (5)
- 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. These securities are held by Justin B. Stiefel, the spouse of the reporting person. For purposes of Section 16 of the Exchange Act, the reporting person disclaims beneficial ownership of any such securities, except to the extent of her pecuniary interest therein, if any, and this report shall not be deemed an admission that such reporting person is the beneficial owner of such securities for purposes of Section 16 or otherwise.
- F5. The RSUs vest over an eighteen (18) month period beginning September 1, 2025, with six (6) months of service-based vesting deemed satisfied as of February 2, 2026, and the remaining units vesting in equal installments May 2, 2026, August 2, 2026, November 2, 2026, and February 2, 2027, subject to continued service.
Key Figures
RSUs exercised: 1,668 Restricted Stock Units
Shares withheld for taxes: 495 shares
Tax valuation price: $2.16 per share
+3 more
6 metrics
RSUs exercised
1,668 Restricted Stock Units
Total RSUs converted into common stock on August 2, 2026
Shares withheld for taxes
495 shares
Common shares relinquished to remit tax withholding obligations on RSU vesting
Tax valuation price
$2.16 per share
Per share closing price used to value shares withheld for tax obligations
Remaining RSUs (direct)
416 Restricted Stock Units
Direct RSUs reported as remaining after the August 2, 2026 transactions
Remaining RSUs (indirect)
2,916 Restricted Stock Units
RSUs held by spouse reported as remaining after the August 2, 2026 transactions
RSU vesting period
18 months
Vesting from September 1, 2025, with final tranche on February 2, 2027
Key Terms
Restricted Stock Units, tax withholding obligations, per share closing price, pecuniary interest, +2 more
6 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"
pecuniary interest financial
"disclaims beneficial ownership of any such securities, except to the extent of her pecuniary interest"
Section 16 of the Exchange Act regulatory
"for purposes of Section 16 of the Exchange Act, the reporting person disclaims"
continued service financial
"remaining units vesting in equal installments ... subject to continued service"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did Jennifer D H Stiefel report for IPST on August 2, 2026?
She reported exercising 1,668 Restricted Stock Units into common stock. The exercise covered both her direct holdings and shares held by her spouse, with some resulting shares relinquished to the company to satisfy tax withholding obligations tied to RSU vesting.
What RSU vesting schedule does the IPST Form 4 describe?
The RSUs vest over an 18‑month period beginning September 1, 2025. Six months of service-based vesting were deemed satisfied as of February 2, 2026, with remaining units vesting on May 2, 2026, August 2, 2026, November 2, 2026, and February 2, 2027.
How are spouse-held IPST securities treated in this Form 4?
Certain securities are held by her spouse, and she reports them as indirectly owned. She expressly disclaims beneficial ownership of those securities except for any pecuniary interest, meaning economic benefit, as noted under Section 16 reporting requirements.