Corey M. Horowitz - Mar 22, 2023 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
Mar 22, 2023
Transactions value $
-$77,062
Form type
4
Date filed
3/23/2023, 06:01 PM
Previous filing
Oct 31, 2022
Next filing
Mar 26, 2024

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 +100K +2.58% $0.00 3.97M Mar 22, 2023 Direct F1
transaction NTIP Common Stock, $.01 par value per share Tax liability -$77.1K -36.4K -0.92% $2.12 3.93M Mar 22, 2023 Direct F3
holding NTIP Common Stock, $.01 par value per share 2.16M Mar 22, 2023 By CMH Capital Management Corp. F4
holding NTIP Common Stock, $.01 par value per share 67.5K Mar 22, 2023 By spouse F4
holding NTIP Common Stock, $.01 par value per share 452K Mar 22, 2023 By trust / custodian F4
holding NTIP Common Stock, $.01 par value per share 2.29K Mar 22, 2023 By Horowitz Partners F4
holding NTIP Common Stock, $.01 par value per share 134K Mar 22, 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 +100K +25% $0.00 500K Mar 22, 2023 Common Stock 100K 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.