Silberstein John 4

What Happened John Silberstein, a director of Intelligent Protection Management Corp. (IPM), was granted a stock option award covering 10,000 shares on March 20, 2026. The Form 4 reports an acquisition price of $0.00 for this derivative award — the filing shows a grant of options, not a cash purchase or sale of shares. No immediate exercise or sale of underlying shares was reported.

Key Details

• Transaction date: 2026-03-20 (Form 4 filed 2026-03-24; filing is within the SEC two-business-day window).
• Transaction type: A (award/grant of a derivative security — stock options).
• Shares/options: 10,000 shares underlying the option.
• Reported acquisition price on Form 4: $0.00 (the Form 4 does not disclose the option exercise price; check the company’s option plan or proxy disclosures for exercise price and full terms).
• Shares owned after transaction: Not specified in the provided summary of the filing.
• Footnote: Options vest in four equal quarterly installments on the last day of each calendar quarter in 2026, subject to continued service; upon a defined "change in control," any then-unvested portion will fully vest immediately.

Context This was a grant of stock options (a derivative award) rather than an outright stock purchase or sale. The vesting schedule means Silberstein must remain in service through the calendar quarters of 2026 to vest the full award, though a change-in-control would accelerate full vesting. Grants like this are common for directors and are typically intended as long-term incentives; they do not necessarily indicate immediate insider buying or selling.