
BuybackJul 2, 2026, 02:36 PM
Network-1 Technologies Authorizes Buyback of Up to 500,000 Shares
AI Summary
Network-1 Technologies, Inc. announced that its Board of Directors has authorized a written trading plan (10b5-1 Plan) to repurchase shares. This plan enables the company to buy back its shares even during periods that might otherwise be restricted by self-imposed trading black-outs or insider trading laws. Under the plan, a third-party broker is authorized to purchase up to 500,000 shares of the company's common stock, subject to various market conditions and timing constraints. The repurchases are scheduled for two distinct periods, aligning with the release of its second and third-quarter financial results for 2026.
Key Highlights
- Board of Directors authorized a 10b5-1 Plan for share repurchases.
- Plan allows repurchases during self-imposed trading black-outs or insider trading laws.
- Company's third-party broker may purchase up to 500,000 shares of common stock.
- First purchase period: July 10, 2026, until two trading days after Q2 2026 results.
- Second purchase period: October 1, 2026, until two trading days after Q3 2026 results.
- Purchases are subject to certain price, market, volume, and timing constraints.
Price Impact
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