Rabsatt Sidney E. 4

What Happened Sidney E. Rabsatt, a director of Intelligent Protection Management Corp. (IPM), was granted a derivative award of 10,000 shares in the form of a stock option on March 20, 2026. The Form 4 reports the acquisition as an award/grant (transaction code A) with $0.00 paid at grant — this is a typical non-cash option grant, not an open-market purchase or sale.

Key Details

• Transaction date: March 20, 2026; Form 4 filed March 24, 2026 (appears timely).
• Security: Stock option covering 10,000 shares (reported as a derivative acquisition).
• Consideration: $0.00 shown at grant (no cash paid at grant date). Exercise price is not specified in the information provided.
• Vesting: The option vests in four equal quarterly installments on the last day of each calendar quarter in 2026, contingent on continued service.
• Change-in-control: If a "change in control" occurs (per the 2025 Long-Term Incentive Plan), then any then-unvested shares immediately vest 100%.
• Shares owned after transaction: Not disclosed in the provided filing.

Context This is a standard director equity award intended to align long-term incentives; as a grant (not a purchase), it does not itself indicate the director bought or sold shares. Because it is a derivative option grant, any future value to the insider depends on the option’s exercise price and the company’s stock performance; those details aren’t included here.