Director Niv Harizman receives 15,000 NTIP (NYSE: NTIP) restricted stock units
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
Net Buyer: 15,000 shares
Net Buy
1 txn
Insider
HARIZMAN NIV
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock, $.01 par value per share | 15,000 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock, $.01 par value per share — 347,235 shares (Direct)
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.
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FAQ
What did NTIP director Niv Harizman report in this Form 4?
Niv Harizman reported receiving 15,000 restricted stock units of NETWORK-1 TECHNOLOGIES, INC. common stock. Each unit equals one share, granted at no purchase price, and the award increases his directly owned holdings to a reported total of 347,235 common shares.
What is the vesting schedule for Niv Harizman’s NTIP restricted stock units?
The 15,000 restricted stock units vest over one year in four equal quarterly installments of 3,750 shares each. Vesting dates are March 15, 2026, June 15, 2026, September 15, 2026 and December 15, 2026, conditioned on his continued service on the Board.