NTIP director awarded 15,000 restricted stock units
HARIZMAN NIV reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
HARIZMAN NIV reported acquisition or exercise transactions in this Form 4 filing.
NETWORK-1 TECHNOLOGIES, INC. director Niv Harizman received a grant of 15,000 shares of common stock in the form of restricted stock units. These units carry no purchase price and represent a contingent right to receive one share of common stock for each unit.
The 15,000 restricted stock units vest over one year in four equal quarterly installments of 3,750 shares on March 15, 2026, June 15, 2026, September 15, 2026 and December 15, 2026, as long as he continues to serve on the Board of Directors. After this grant, his directly owned common stock holdings total 347,235 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock, $.01 par value per share | 15,000 | $0.00 | $0.00 |
Footnotes (1)
- F1. Represents common stock underlying 15,000 restricted stock units, each representing a contingent right to receive one share of common stock. The 15,000 restricted stock units vest over a one year period in four equal quarterly installments of 3,750 shares of common stock on March 15, 2026, June 15, 2026, September 15, 2026 and December 15, 2026, subject to Mr. Harizman continuing to serve on the Board of Directors. The shares are deliverable to the reporting person upon each vesting date.
FAQ
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What did NTIP director Niv Harizman report in this Form 4?
What is the vesting schedule for Niv Harizman’s NTIP restricted stock units?
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