Director Allison Hoffman awarded 15,000 RSUs at Network-1 (NYSE: NTIP)
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
Net Buyer: 15,000 shares
Net Buy
1 txn
Insider
Hoffman Allison C
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 — 135,759 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 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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FAQ
What insider transaction did NTIP director Allison C. Hoffman report?
Allison C. Hoffman reported receiving 15,000 restricted stock units in NETWORK-1 TECHNOLOGIES, INC. common stock. Each unit represents a right to one share, increasing her direct holdings to 135,759 shares after the award, according to the Form 4 transaction details and footnote.
What is the vesting schedule for Allison Hoffman's NTIP restricted stock units?
The 15,000 restricted stock units vest over one year in four equal quarterly installments of 3,750 shares. Vesting dates are March 15, 2026, June 15, 2026, September 15, 2026, and December 15, 2026, assuming she remains on the Board of Directors.
What conditions apply to Allison Hoffman's NTIP restricted stock unit grant?
Vesting of the 15,000 restricted stock units depends on Allison C. Hoffman continuing to serve on the Board of Directors. Shares of NETWORK-1 TECHNOLOGIES, INC. common stock are deliverable to her upon each vesting date as the quarterly installments vest.