other material
confidence high
sentiment positive
materiality 0.60
Network-1 adopts 10b5-1 plan to repurchase up to 1M shares
NETWORK-1 TECHNOLOGIES, INC.
- Board authorized 10b5-1 trading plan for repurchase of up to 1,000,000 common shares.
- First purchase period: July 8, 2024 through two trading days after Q2 FY2024 earnings release.
- Second purchase period: Oct 1, 2024 through two trading days after Q3 FY2024 earnings release.
- Broker purchases subject to price, market, volume, and timing constraints under Rule 10b5-1 and 10b-18.
- Plan enables repurchases during self-imposed blackout periods or when insider trading laws would otherwise restrict.