Corey M. Horowitz - 22 Mar 2023 Form 4 Insider Report for NETWORK-1 TECHNOLOGIES, INC. (NTIP)

Role: CEO and Chairman, Director, 10%+ Owner
Signature: /s/ Corey M. Horowitz
Issuer symbol: NTIP
Transactions as of: 22 Mar 2023
Net transactions value: -$77,062
Form type: 4
Filing time: 23 Mar 2023, 18:01:15 UTC
Previous filing: 31 Oct 2022
Next filing: 26 Mar 2024
SEC: View on sec.gov

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	$0	+100,000	+2.6%	$0.000000	3,968,809	22 Mar 2023	Direct	F1
transaction	NTIP	Common Stock, $.01 par value per share	Tax liability	$77,062	-36,350	-0.92%	$2.12	3,932,459	22 Mar 2023	Direct	F3
holding	NTIP	Common Stock, $.01 par value per share						2,157,097	22 Mar 2023	By CMH Capital Management Corp.	F4
holding	NTIP	Common Stock, $.01 par value per share						67,470	22 Mar 2023	By spouse	F4
holding	NTIP	Common Stock, $.01 par value per share						452,250	22 Mar 2023	By trust / custodian	F4
holding	NTIP	Common Stock, $.01 par value per share						2,291	22 Mar 2023	By Horowitz Partners	F4
holding	NTIP	Common Stock, $.01 par value per share						134,275	22 Mar 2023	By CMH Capital Management Corp. Profit Sharing Plan	F4

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	Restricted stock units	Options Exercise	$0	+100,000	+25%	$0.000000	500,000	22 Mar 2023	Common Stock	100,000		Direct	F2

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

Explanation of Responses:

Id	Content
F1	Each restricted stock unit represents a contingent right to receive one share of 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.
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.
F4	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'sthree 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 CMHCapital Management Corp. Profit Sharing Plan, an entity of which Mr. Horowitz, as trustee, has sole voting and investment power with respect to the shares.