May 19, 2026 · Form 4 insider transaction
mccormack riley bought 1,050,000 shares of Digimarc Corporation at $0.00 per share, a transaction worth N/A. The trade was recorded as grant or award and disclosed on an SEC Form 4, filed 1 day after the transaction.
1,050,000 LTIP units of Digimarc LLC, of which issuer is the Managing Member and majority owner, were granted to Mr. McCormack. LTIP units are convertible after certain appreciation and vesting into common units of Digimarc LLC which are redeemable as described in footnote (1). 61,250 of the LTIP units were vested upon grant and 30,625 LTIP units time vest on June 30, 2026 and each subsequent calendar quarter end through September 30, 2028 based on continued service through the vesting date. The remaining 682,500 LTIP units vest based on achievement of specified stock price hurdles. Acceleration of vesting can occur upon certain events such as termination of employment.