Abada Yoram 4

What Happened
Yoram Abada, a director of Intelligent Protection Management Corp. (IPM), received a derivative award on 2026-03-20: options covering 10,000 shares with an exercise price reported as $0.00. This was a grant/award (Transaction Code A) rather than an open-market purchase or sale; the options will vest over 2026 and are not reported as exercised or sold.

Key Details

• Transaction date: 2026-03-20; Filing date (Form 4): 2026-03-24 (filed within the required two-business-day window).
• Transaction type/code: Award/Grant (A), derivative (stock option) for 10,000 shares, reported at $0.00.
• Shares owned after transaction: Not specified in the filing.
• Footnote: Grant made under a stock option agreement dated March 20, 2026. The underlying shares vest in four equal quarterly installments on the last day of each calendar quarter in 2026, subject to continued service. If a "change in control" (per the company’s 2025 LTIP) becomes effective, any then-unvested shares immediately vest and become fully exercisable.
• No immediate sale or cashless exercise reported.

Context
This is a standard equity compensation grant to a director. Because it's a derivative award (options) with scheduled vesting, it does not represent an immediate purchase or sale of stock. The change-in-control acceleration means the options become fully vested if the company is acquired, which is common in executive and director awards.