Network-1 director granted 15,000 RSUs
Hoffman Allison C reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
Hoffman Allison C reported acquisition or exercise transactions in this Form 4 filing.
NETWORK-1 TECHNOLOGIES, INC. director Allison C. Hoffman received an award of 15,000 shares of common stock in the form of restricted stock units. These 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. Vesting is contingent on her continued service on the Board of Directors, and shares are delivered to her on each vesting date. After this grant, she directly holds 135,759 shares of common stock.
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 Ms. Hoffman continuing to serve on the Board of Directors. The shares are deliverable to the reporting person upon each vesting date.
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