Steven D. Heinemann Amends Network-1 Tech Stake (SC 13G/A)

TL;DR

**Major shareholder Steven D. Heinemann updated his stake in Network-1 Technologies.**

AI Summary

Steven D. Heinemann, a significant shareholder in Network-1 Technologies, Inc., filed an Amendment No. 11 to his Schedule 13G on January 29, 2024, reporting his beneficial ownership as of December 31, 2023. This filing indicates a change in his holdings or reporting status, which is important for investors as it provides transparency into the ownership structure of Network-1 Technologies, a company focused on patent ownership and licensing.

Why It Matters

This filing updates the public on a major shareholder's position, which can influence investor confidence and potentially signal future strategic moves for Network-1 Technologies, Inc.

Risk Assessment

Risk Level: low — This is a routine update from a significant shareholder and does not inherently signal high risk, but rather provides transparency.

Analyst Insight

Investors should note this update to Steven D. Heinemann's stake in Network-1 Technologies, Inc. and monitor future filings for any significant changes in beneficial ownership that could signal shifts in corporate governance or strategic direction.

Key Players & Entities

• Steven D. Heinemann (person) — reporting person and significant shareholder
• Network-1 Technologies, Inc. (company) — the issuer of the securities
• Goose Hill Capital (company) — associated with Steven D. Heinemann's mailing address
• December 31, 2023 (date) — date of event requiring the filing
• January 29, 2024 (date) — filing date of the SC 13G/A
• $0.01 (dollar_amount) — par value per share of Common Stock

FAQ

Key Financial Figures

• $0.01 — ame of Issuer) Common Stock, par value $0.01 per share (Title of Class of Securiti

Filing Documents

• amendment11.htm (SC 13G/A) — 73KB
• 0001021771-24-000022.txt ( ) — 74KB

(a)

Item 1(a). Name of Issuer: Network-1 Technologies, Inc.

(b)

Item 1(b). Address of Issuer's Principal Executive Offices: 445 Park Avenue, Suite 912 New York, New York 10022

(a)

Item 2(a). Name of Person Filing: This statement is filed by Steven D. Heinemann and Goose Hill Capital LLC.

(b)

Item 2(b). Address of Principal Business Office or, if none, Residence: The address of the principal business office of Steven D. Heinemann and Goose Hill Capital LLC is 12378 Indian Road, North Palm Beach, Florida 33408.

(c)

Item 2(c). Citizenship: Steven D. Heinemann is a United States citizen. Goose Hill Capital LLC is a Florida limited liability company.

(d)

Item 2(d). Title of Class of Securities: Common Stock, par value $0.01 per share.

(e)

Item 2(e). CUSIP Number: 64121N109 Item 3. If This Statement Is Filed Pursuant to Sections 240.13d-1(b) or 240.13d-2(b) or (c), Check Whether the Person Filing Is a(n): Not applicable. Item 4. The percentages used herein are calculated based upon 23,630,626 shares of common stock outstanding (as set forth in the Issuer's Form 10-Q for the quarterly period ended September 30, 2023 filed on November 2, 2023). 1. Steven D. Heinemann (a) Amount beneficially owned: 1,941,696 (1) (b) Percent of class: 8.2% (c) Number of shares as to which the person has: (i) Sole power to vote or to direct the vote: 1,941,696 (1) (ii) Shared power to vote or to direct the vote: -0- (iii) Sole power to dispose or to direct the disposition of: 1,941,696 (1) (iv) Shared power to dispose or to direct the disposition of: -0- (1) Includes 1,356,563 shares of common stock owned by Goose Hill Capital LLC, of which Mr. Heinemann is the sole member. 2. Goose Hill Capital LLC (a) Amount beneficially owned: 1,356,563 (b) Percent of class: 5.7% (c) Number of shares as to which the person has: (i) Sole power to vote or to direct the vote: 1,356,563 (ii) Shared power to vote or to direct the vote: -0- (iii) Sole power to dispose or to direct the disposition of: 1,356,563 (iv) Shared power to dispose or to direct the disposition of: -0- Items 5-9. Not applicable. Item 10. Certification. By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set for

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