Form 4 for NTIP NETWORK-1 TECHNOLOGIES, INC.
Accepted 2023-03-23 00:00:00 ET · period of report 2023-03-22 · accession 0001072613-23-000265 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2023-03-23 | 2023-03-22 | NTIP | HOROWITZ COREY M | CEO, COB, Dir, 10% | M - OptEx | $0.00 | +100.0K | 3.97M | +3% | $0 |
| D | 2023-03-23 | 2023-03-22 | NTIP | HOROWITZ COREY M | CEO, COB, Dir, 10% | F - Tax | $2.12 | -36.4K | 3.93M | -0.9% | -$77.1K |
| D | 2023-03-23 | 2023-03-22 | NTIP | HOROWITZ COREY M | CEO, COB, Dir, 10% | M - OptEx | $0.00 | +100.0K | 500.0K | +25% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock, $.01 par value per share | 2023-03-22 | M | A | 100,000 | $0.00 | 3,968,809 | D | — | — | (F1) Each restricted stock unit represents a contingent right to receive one share of common stock. |
| 2 | Common | Common Stock, $.01 par value per share | 2023-03-22 | F | D | 36,350 | $2.12 | 3,932,459 | D | — | — | (F3) 36,350 shares of common stock were delivered by Mr. Horowitz to satisfy withholding taxes resulting in net shares issued to Mr. Hororwitz of 63,650. |
| 3 | Derivative | Restricted stock units | 2023-03-22 | M | A | 100,000 | $0.00 | 500,000 | D | — · — to — | 100,000 Common Stock | (F2) 100,000 restricted stock units vested on March 22, 2023 in accordance with Mr. Horowitz's employment agreement, dated March 22, 2022, with the Issuer. |