Corey M. Horowitz - Oct 27, 2022 Form 4 Insider Report for NETWORK-1 TECHNOLOGIES, INC. (NTIP)

Role: CEO and Chairman, Director, 10%+ Owner
Signature: /s/ Corey M. Horowitz
Stock symbol: NTIP
Transactions as of: Oct 27, 2022
Transactions value $: -$234,458
Form type: 4
Date filed: 10/31/2022, 05:01 PM
Previous filing: Mar 24, 2022
Next filing: Mar 23, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	NTIP	Common Stock, $.01 par value per share	Options Exercise	$595K	+500K	+13.5%	$1.19	4.2M	Oct 27, 2022	Direct
transaction	NTIP	Common Stock, $.01 par value per share	Tax liability	-$829K	-334K	-7.96%	$2.48	3.87M	Oct 27, 2022	Direct	F1
holding	NTIP	Common Stock, $.01 par value per share						2.16M	Oct 27, 2022	By CMH Capital Management Corp.	F2
holding	NTIP	Common Stock, $.01 par value per share						67.5K	Oct 27, 2022	By spouse	F2
holding	NTIP	Common Stock, $.01 par value per share						452K	Oct 27, 2022	By trust / custodian	F2
holding	NTIP	Common Stock, $.01 par value per share						2.29K	Oct 27, 2022	By Horowitz Partners	F2
holding	NTIP	Common Stock, $.01 par value per share						134K	Oct 27, 2022	By CMH Capital Management Corp. Profit Sharing Plan	F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	NTIP	Option to purchase common stock (right to buy)	Options Exercise	$0	-500K	-100%	$0.00^*	0	Oct 27, 2022	Common Stock	500K	$1.19	Direct

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Includes 239,920 shares of common stock delivered by Mr. Horowitz in connection with the net (cashless) exercise of the stock option and 94,539 shares of common stock delivered to satisfy withholding taxes resulting in net shares issued to Mr. Horowitz of 328,111.
F2	Includes shares of common stock owned indirectly by Mr. Horowitz, and directly as follows: (i) 2,157,097 shares owned by CMH Capital Management Corp., an entity solely owned by Mr. Horowitz; (ii) 67,470 shares owned by Donna Slavitt, the wife of Mr. Horowitz, (iii) an aggregate of 452,250 shares held by two trusts and a custodian account for the benefit of Mr. Horowitz's three children; (iv) 2,291 shares of common stock held by Horowitz Partners, a general partnership of which Mr. Horowitz is a partner; and (v) 134,275 shares of common stock owned by CMH Capital Management Corp. Profit Sharing Plan, an entity of which Mr. Horowitz, as trustee, has sole voting and investment power with respect to the shares.

Content

Includes 239,920 shares of common stock delivered by Mr. Horowitz in connection with the net (cashless) exercise of the stock option and 94,539 shares of common stock delivered to satisfy withholding taxes resulting in net shares issued to Mr. Horowitz of 328,111.

Includes shares of common stock owned indirectly by Mr. Horowitz, and directly as follows: (i) 2,157,097 shares owned by CMH Capital Management Corp., an entity solely owned by Mr. Horowitz; (ii) 67,470 shares owned by Donna Slavitt, the wife of Mr. Horowitz, (iii) an aggregate of 452,250 shares held by two trusts and a custodian account for the benefit of Mr. Horowitz's three children; (iv) 2,291 shares of common stock held by Horowitz Partners, a general partnership of which Mr. Horowitz is a partner; and (v) 134,275 shares of common stock owned by CMH Capital Management Corp. Profit Sharing Plan, an entity of which Mr. Horowitz, as trustee, has sole voting and investment power with respect to the shares.