Robert Michael Mahan - 08 Sep 2023 Form 4 Insider Report for NETWORK-1 TECHNOLOGIES, INC. (NTIP)

Role
Chief Financial Officer
Signature
/s/ Robert M. Mahan
Issuer symbol
NTIP
Transactions as of
08 Sep 2023
Net transactions value
$0
Form type
4
Filing time
11 Sep 2023, 14:48:46 UTC
Previous filing
23 Dec 2022
Next filing
09 Sep 2024
SEC
View on sec.gov

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 Award $0 +50,000 $0.000000 50,000 08 Sep 2023 Common Stock 50,000 Direct F1, 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 The restricted stock units vest in two annual installments, 25,000 units on September 8, 2024 and 25,000 units on September 8, 2025. These shares are deliverable to the reporting person upon each vesting date.