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Network-1 Technologies, Inc. shareholder Steven D. Heinemann has filed an amended Schedule 13G reporting beneficial ownership of 1,340,408 shares of common stock, representing 5.9% of the company, based on 22,819,661 shares outstanding as of September 30, 2025.
The filing also covers Goose Hill Capital LLC, which owns 886,908 shares, or 3.9% of the common stock. This is described as an exit filing for Goose Hill Capital LLC, which has fallen below the 5% ownership threshold. The securities are stated as being held in the ordinary course of business and not for the purpose of changing or influencing control of Network-1.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What stake in Network-1 Technologies (NTIP) does Steven D. Heinemann report?
Steven D. Heinemann reports beneficial ownership of 1,340,408 Network-1 shares, or 5.9%. This percentage is calculated using 22,819,661 common shares outstanding, as disclosed in Network-1’s Form 10-Q for the quarter ended September 30, 2025.
How many Network-1 Technologies (NTIP) shares does Goose Hill Capital LLC own?
Goose Hill Capital LLC owns 886,908 shares of Network-1 common stock, or 3.9%. These shares are also included in Steven D. Heinemann’s reported beneficial ownership because he is the sole member of Goose Hill Capital LLC.
Why is this Schedule 13G/A an exit filing for Goose Hill Capital LLC in NTIP?
The filing states it is an exit filing for Goose Hill Capital LLC because it no longer owns over 5%. As of this amendment, Goose Hill’s 3.9% stake falls below the 5% reporting threshold for the class of Network-1 common stock.
How is the 5.9% ownership in Network-1 Technologies (NTIP) calculated?
The 5.9% figure is based on 22,819,661 Network-1 shares outstanding. That outstanding share count comes from Network-1’s Form 10-Q for the quarter ended September 30, 2025, and is used to compute both Heinemann’s and Goose Hill’s ownership percentages.
Does Steven D. Heinemann intend to influence control of Network-1 Technologies (NTIP)?
The filing certifies that the securities were acquired and are held in the ordinary course of business. It further states they are not held for the purpose of changing or influencing control of Network-1 or in connection with any control-related transaction.
What voting and dispositive power does Steven D. Heinemann report over NTIP shares?
Steven D. Heinemann reports sole voting and sole dispositive power over 1,340,408 shares. He reports no shared voting or shared dispositive power, and this total includes 886,908 shares held by Goose Hill Capital LLC, of which he is the sole member.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 13)
Network-1 Technologies, Inc.
(Name of Issuer)
Common Stock, par value $0.01 per share
(Title of Class of Securities)
64121N109
(CUSIP Number)
12/31/2025
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
SCHEDULE 13G
CUSIP No.
64121N109
1
Names of Reporting Persons
Steven D. Heinemann
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
UNITED STATES
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
1,340,408.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
1,340,408.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
1,340,408.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
5.9 %
12
Type of Reporting Person (See Instructions)
IN
Comment for Type of Reporting Person: Note to 5, 7 and 9: Includes 886,908 shares of common stock owned by Goose Hill Capital LLC, of which Mr. Heinemann is the sole member.
SCHEDULE 13G
CUSIP No.
64121N109
1
Names of Reporting Persons
Goose Hill Capital LLC
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
FLORIDA
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
886,908.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
886,908.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
886,908.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
3.9 %
12
Type of Reporting Person (See Instructions)
OO
Comment for Type of Reporting Person: Note to Item 5. This filing constitutes an exit filing for Goose Hill Capital LLC which, as of the date of this filing, has ceased to be the beneficial owner of more than 5 percent of the referenced class of securities.
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
Network-1 Technologies, Inc.
(b)
Address of issuer's principal executive offices:
65 Locust Avenue, Third Floor, New Canaan, Connecticut 06840
Item 2.
(a)
Name of person filing:
This statement is filed by Steven D. Heinemann and Goose Hill Capital LLC.
(b)
Address or principal business office or, if none, residence:
The address of the principal business office of Steven D. Heinemann and Goose Hill Capital LLC is 12378 Indian Road, North Palm Beach, Florida 33408.
(c)
Citizenship:
Steven D. Heinemann is a United States citizen.
Goose Hill Capital LLC is a Florida limited liability company.
(d)
Title of class of securities:
Common Stock, par value $0.01 per share
(e)
CUSIP No.:
64121N109
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.
Ownership
(a)
Amount beneficially owned:
Steven D. Heinemann: 1,340,408(1)
Goose Hill Capital LLC: 886,908
(1) Includes 886,908 shares of common stock owned by Goose Hill Capital LLC, of which Mr. Heinemann is the sole member.
(b)
Percent of class:
The percentages used herein are calculated based upon 22,819,661 shares of Common Stock outstanding (as set forth in the Issuer's Form 10-Q for the quarterly period ended September 30, 2025 filed on November 6, 2025).
Steven D. Heinemann: 5.9%
Goose Hill Capital LLC: 3.9%
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
Steven D. Heinemann: 1,340,408(1)
Goose Hill Capital LLC: 886,908
(1) Includes 886,908 shares of common stock owned by Goose Hill Capital LLC, of which Mr. Heinemann is the sole member.
(ii) Shared power to vote or to direct the vote:
Steven D. Heinemann: 0
Goose Hill Capital LLC: 0
(iii) Sole power to dispose or to direct the disposition of:
Steven D. Heinemann: 1,340,408(1)
Goose Hill Capital LLC: 886,908
(1) Includes 886,908 shares of common stock owned by Goose Hill Capital LLC, of which Mr. Heinemann is the sole member.
(iv) Shared power to dispose or to direct the disposition of:
Steven D. Heinemann: 0
Goose Hill Capital LLC: 0
Item 5.
Ownership of 5 Percent or Less of a Class.
Ownership of 5 percent or less of a class
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
Not Applicable
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
Not Applicable
Item 8.
Identification and Classification of Members of the Group.
Not Applicable
Item 9.
Notice of Dissolution of Group.
Not Applicable
Item 10.
Certifications:
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
