NETWORK-1 TECHNOLOGIES Files Routine 8-K on Dec 29 Event
Ticker: NTIP · Form: 8-K · Filed: Jan 3, 2024 · CIK: 1065078
| Field | Detail |
|---|---|
| Company | Network-1 Technologies, Inc. (NTIP) |
| Form Type | 8-K |
| Filed Date | Jan 3, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: regulatory-filing, other-events
TL;DR
**NTIP filed a routine 8-K for a Dec 29 event, no big news.**
AI Summary
NETWORK-1 TECHNOLOGIES, INC. filed an 8-K on January 3, 2024, reporting an 'Other Event' that occurred on December 29, 2023. This filing is a routine disclosure and does not contain specific financial details, new agreements, or significant operational changes. For investors, this filing indicates business as usual, with no immediate positive or negative impact on the stock price (NTIP) based solely on the information provided.
Why It Matters
This filing is a standard regulatory update, indicating no major undisclosed events that would immediately affect the company's valuation or future prospects.
Risk Assessment
Risk Level: low — The filing is a standard regulatory disclosure with no specific details indicating new risks or changes to the company's operations.
Analyst Insight
A smart investor would note this routine filing but understand it provides no new material information to act upon. Further investigation into the company's other recent filings or news would be necessary for any investment decision.
Key Players & Entities
- NETWORK-1 TECHNOLOGIES, INC. (company) — the registrant filing the 8-K
- December 29, 2023 (date) — date of the earliest event reported
- January 3, 2024 (date) — date the 8-K was filed
- NTIP (company) — trading symbol for Common Stock
- NYSE American (company) — exchange where Common Stock is registered
FAQ
What was the specific 'Other Event' reported by NETWORK-1 TECHNOLOGIES, INC. on December 29, 2023?
The filing indicates an 'Other Event' occurred on December 29, 2023, but the provided text of the 8-K does not specify the nature or details of this event. It only lists 'ITEM INFORMATION: Other Events'.
When was this 8-K filing submitted to the SEC?
The 8-K filing was submitted to the SEC on January 3, 2024, as indicated by 'FILED AS OF DATE: 20240103'.
What is the trading symbol and exchange for NETWORK-1 TECHNOLOGIES, INC.'s Common Stock?
The Common Stock of NETWORK-1 TECHNOLOGIES, INC. trades under the symbol NTIP on the NYSE American exchange, as stated in the 'Securities registered pursuant to Section 12(b) of the Act' section.
What is the state of incorporation for NETWORK-1 TECHNOLOGIES, INC.?
NETWORK-1 TECHNOLOGIES, INC. is incorporated in Delaware, as specified in the filing under 'State or Other Jurisdiction of Incorporation'.
Does this 8-K filing contain any financial statements or exhibits?
The provided text of the 8-K does not include any financial statements or specific exhibits. It is a brief filing under Item 8.01, 'Other Events', without further detail in the provided excerpt.
Filing Stats: 547 words · 2 min read · ~2 pages · Grade level 11.9 · Accepted 2024-01-03 16:25:11
Key Financial Figures
- $0.01 — ch registered Common Stock, par value $0.01 per share NTIP NYSE American Chec
Filing Documents
- form8k.htm (8-K) — 30KB
- 0001072613-24-000006.txt ( ) — 198KB
- ntip-20231229.xsd (EX-101.SCH) — 3KB
- ntip-20231229_lab.xml (EX-101.LAB) — 33KB
- ntip-20231229_pre.xml (EX-101.PRE) — 22KB
- form8k_htm.xml (XML) — 3KB
01 Other
Item 8.01 Other Events. The Board of Directors of Network-1 Technologies, Inc. (the "Company") has authorized, and the Company has entered into, a written trading plan (10b5-1 Plan) under Rule 10b5-1 of the Securities Exchange Act of 1934 (the "Exchange Act"). Adopting a trading plan that satisfies the conditions of Rule 10b5-1 allows a company to repurchase its shares at times when it might otherwise be prevented from doing so due to self-imposed trading black-outs or pursuant to insider trading laws. Purchases under the Company's 10b5-1 Plan are for the following periods: (1) beginning on January 9, 2024 until two trading days after the Company issues a press release announcing its financial results for the year ended December 31, 2023 and (2) beginning on April 1, 2024 until two trading days after the Company issues a press release announcing its financial results for the quarter ended March 31, 2024. Under the 10b5-1 Plan, the Company's third party broker may purchase up to 1,000,000 shares of the Company's common stock, subject to certain price, market, volume and timing constraints, in accordance with the terms of the plan and subject to Rule 10b5-1 and Rule 10b-18 under the Exchange Act. -2- SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. NETWORK-1 TECHNOLOGIES, INC. Dated: January 3, 2024 By: /s/ Corey M. Horowitz Name:Corey M. Horowitz Title:Chairman & Chief Executive Officer -3-