other material
confidence high
sentiment positive
materiality 0.40
Network-1 Technologies adopts 10b5-1 plan for up to 1M share repurchase
NETWORK-1 TECHNOLOGIES, INC.
- Board authorized a 10b5-1 plan to repurchase up to 1,000,000 shares of common stock.
- Plan runs Jan 9, 2024 to 2 trading days after FY2023 earnings, and Apr 1, 2024 to 2 trading days after Q1 2024 earnings.
- Third-party broker will execute purchases subject to price, market, volume, and timing constraints.
- Plan allows repurchases during blackout periods when company would otherwise be restricted.