ACTG · Acacia Research Corp · Insider Trading

Grant of shares of Common Stock in lieu of cash for Q3 2026 director fees.

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $4.55 to $4.56, inclusive. The Reporting Person undertakes to provide to Acacia Research Corporation ("Issuer"), any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in footnote (1) to this Form.

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $4.51 to $4.66, inclusive. The Reporting Person undertakes to provide to Acacia Research Corporation ("Issuer"), any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in footnote (2) to this Form.

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $4.615 to $4.645, inclusive. The Reporting Person undertakes to provide to Acacia Research Corporation ("Issuer"), any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in footnote (1) to this Form.

On August 28, 2026, the reporting person gifted 16,086 shares of ACTG common stock to an irrevocable trust for no consideration for the benefit of the reporting person's son.

On August 28, 2026, the reporting person gifted 16,086 shares of ACTG common stock to an irrevocable trust for no consideration for the benefit of the reporting person's son.

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $4.57 to $4.63, inclusive. The Reporting Person undertakes to provide to Acacia Research Corporation ("Issuer"), any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in footnote (1) to this Form.

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $4.66 to $4.69, inclusive. Mr. Kohlberg undertakes to provide to Acacia Research Corporation ("Issuer"), any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in footnote (1) to this Form.

Grant of shares of Common Stock in lieu of cash for Q2 2026 director fees.

Grant of restricted stock awarded on June 23, 2026, as part of the Company's annual grant of equity awards to non-employee directors, pursuant to the 2024 Acacia Research Corporation Stock Incentive Plan. 100% of the restricted stock will vest on the first anniversary of the grant date.

Grant of restricted stock awarded on June 23, 2026, as part of the Company's annual grant of equity awards to non-employee directors, pursuant to the 2024 Acacia Research Corporation Stock Incentive Plan. 100% of the restricted stock will vest on the first anniversary of the grant date.

Grant of restricted stock awarded on June 23, 2026, as part of the Company's annual grant of equity awards to non-employee directors, pursuant to the 2024 Acacia Research Corporation Stock Incentive Plan. 100% of the restricted stock will vest on the first anniversary of the grant date.

Grant of restricted stock awarded on June 23, 2026, as part of the Company's annual grant of equity awards to non-employee directors, pursuant to the 2024 Acacia Research Corporation Stock Incentive Plan. 100% of the restricted stock will vest on the first anniversary of the grant date.

As of June 23, 2026, the Reporting Person ceased to be a director of the Issuer.

Grant of shares of Common Stock in lieu of cash for Q2 2026 director fees.

Represents the number of shares required to be withheld by the Reporting Person to satisfy tax withholding obligations related to the vesting of 121,550 shares of restricted stock on June 7, 2026.

Represents the number of shares required to be withheld by the Reporting Person to satisfy tax withholding obligations related to the vesting of 568,303 shares of restricted stock on June 7, 2026.

Represents the number of shares required to be withheld by the Reporting Person to satisfy tax withholding obligations related to the vesting of 78,750 shares of restricted stock on June 7, 2026.

On June 7, 2023, the Reporting Person was granted a target number of restricted stock units subject to performance-based vesting requirements (PSUs) pursuant to the 2016 Acacia Research Corporation Stock Incentive Plan. The PSUs were scheduled to be earned based upon continued employment and the level of achievement of the Companys compound annual growth rate of its adjusted book value per share (the Performance Goal). On June 5, 2026, the Compensation Committee of the Board of Directors of the Company certified the number of restricted stock units earned based on achievement of the Performance Goal.

On June 7, 2023, the Reporting Person was granted a target number of restricted stock units subject to performance-based vesting requirements (PSUs) pursuant to the 2016 Acacia Research Corporation Stock Incentive Plan. The PSUs were scheduled to be earned based upon continued employment and the level of achievement of the Companys compound annual growth rate of its adjusted book value per share (the Performance Goal). On June 5, 2026, the Compensation Committee of the Board of Directors of the Company certified the number of restricted stock units earned based on achievement of the Performance Goal.

On June 7, 2023, the Reporting Person was granted a target number of restricted stock units subject to performance-based vesting requirements (PSUs) pursuant to the 2016 Acacia Research Corporation Stock Incentive Plan. The PSUs were scheduled to be earned based upon continued employment and the level of achievement of the Companys compound annual growth rate of its adjusted book value per share (the Performance Goal). On June 5, 2026, the Compensation Committee of the Board of Directors of the Company certified the number of restricted stock units earned based on achievement of the Performance Goal.

Grant of shares of Common Stock in lieu of cash for Q1 2026 director fees.

Grant of shares of Common Stock in lieu of cash for Q1 2026 director fees.

Represents the number of shares required to be withheld by the Reporting Person to satisfy tax withholding obligations related to the vesting of 15,252 shares of restricted stock on March 21, 2026.

Represents the number of shares required to be withheld by the Reporting Person to satisfy tax withholding obligations related to the vesting of 20,000 shares of restricted stock on March 10, 2026.

Grant of shares of Common Stock in lieu of cash for Q4 2025 director fees.

Grant of shares of Common Stock in lieu of cash for Q4 2025 director fees.

Grant of shares of Common Stock in lieu of cash for Q3 2025 director fees.

Grant of shares of Common Stock in lieu of cash for Q3 2025 director fees.

On August 11, 2025, the reporting person gifted 11,560 shares of ACTG common stock to an irrevocable trust for no consideration for the benefit of the reporting person's son.

The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $3.25 to $3.32, inclusive. The Reporting Person undertakes to provide to Acacia Research Corporation ("Issuer"), any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in footnote (1) to this Form.

On August 11, 2025, the reporting person gifted 11,561 shares of ACTG common stock to an irrevocable trust for no consideration for the benefit of the reporting person's son.

Grant of shares of Common Stock in lieu of cash for Q2 2025 director fees.

Grant of shares of Common Stock in lieu of cash for Q2 2025 director fees.

Represents the number of shares required to be withheld by the Reporting Person to satisfy tax withholding obligations related to the vesting of 18,064 shares of restricted stock on June 7, 2025.

Represents the number of shares required to be withheld by the Reporting Person to satisfy tax withholding obligations related to the vesting of 28,500 shares of restricted stock on June 7, 2025.

Represents the number of shares required to be withheld by the Reporting Person to satisfy tax withholding obligations related to the vesting of 29,143 shares of restricted stock on June 7, 2025.

Represents the number of shares required to be withheld by the Reporting Person to satisfy tax withholding obligations related to the vesting of 18,465 shares of restricted stock on June 7, 2025.

Grant of restricted stock awarded on May 30, 2025, as part of the Company's annual grant of equity awards to non-employee directors, pursuant to the 2024 Acacia Research Corporation Stock Incentive Plan. 100% of the restricted stock will vest on the first anniversary of the grant date.

Grant of restricted stock awarded on May 30, 2025, as part of the Company's annual grant of equity awards to non-employee directors, pursuant to the 2024 Acacia Research Corporation Stock Incentive Plan. 100% of the restricted stock will vest on the first anniversary of the grant date.

Grant of restricted stock awarded on May 30, 2025, as part of the Company's annual grant of equity awards to non-employee directors, pursuant to the 2024 Acacia Research Corporation Stock Incentive Plan. 100% of the restricted stock will vest on the first anniversary of the grant date.

Grant of restricted stock awarded on May 30, 2025, as part of the Company's annual grant of equity awards to non-employee directors, pursuant to the 2024 Acacia Research Corporation Stock Incentive Plan. 100% of the restricted stock will vest on the first anniversary of the grant date.

Grant of restricted stock awarded on May 30, 2025, as part of the Company's annual grant of equity awards to non-employee directors, pursuant to the 2024 Acacia Research Corporation Stock Incentive Plan. 100% of the restricted stock will vest on the first anniversary of the grant date.

Grant of restricted stock awarded on May 30, 2025, as part of the Company's annual grant of equity awards to non-employee directors, pursuant to the 2024 AcaciaResearch Corporation Stock Incentive Plan. 100% of the restricted stock will vest on the first anniversary of the grant date.

The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $3.76 to $3.78, inclusive. The Reporting Person undertakes to provide to Acacia Research Corporation ("Issuer"), any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in footnote (1) to this Form.

This Form 4 is filed jointly by Starboard Value and Opportunity Master Fund Ltd ("Starboard V&O Fund"), Starboard Value and Opportunity S LLC ("Starboard S LLC"), Starboard Value and Opportunity C LP ("Starboard C LP"), Starboard Value and Opportunity Master Fund L LP ("Starboard L Master"), Starboard X Master Fund Ltd ("Starboard X Master"), Starboard Value R LP ("Starboard R LP"), Starboard Value L LP ("Starboard L LP"), Starboard Value LP ("Starboard Value LP"), Starboard Value GP LLC ("Starboard Value GP"), Starboard Value R GP LLC ("Starboard R GP"), Starboard Principal Co LP ("Principal Co"), Starboard Principal Co GP LLC ("Principal GP"), Peter A. Feld and Jeffrey C. Smith (collectively, the "Reporting Persons").

To enable all of the Reporting Persons to gain access to the Securities and Exchange Commission's electronic filing system (which only accepts a maximum of 10 joint filers per report), this report is the second of two identical reports relating to the same transactions being filed with the Securities and Exchange Commission. Each Reporting Person may be deemed to be a member of a Section 13(d) group that owns more than 10% of the Issuer's outstanding shares of Common Stock. Each Reporting Person disclaims beneficial ownership of the securities reported herein except to the extent of his or its pecuniary interest therein, and this report shall not be deemed to be an admission that any Reporting Person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.

Represents an internal transfer from Starboard C LP to Starboard X Master, which did not affect the Reporting Persons' holdings in the aggregate.

Securities beneficially owned by Starboard X Master. Starboard Value LP, as the investment manager of Starboard X Master, may be deemed to be the beneficial owner of the securities beneficially owned by Starboard X Master. Each of Starboard Value GP, as the general partner of Starboard Value LP, Principal Co, as a member of Starboard Value GP, Principal GP, as the general partner of Principal Co, and Messrs. Smith and Feld, as members of Principal GP and as members of each of the Management Committee of Starboard Value GP and the Management Committee of Principal GP, may be deemed to be the beneficial owner of the securities beneficially owned by Starboard X Master.

This Form 4 is filed jointly by Starboard Value and Opportunity Master Fund Ltd ("Starboard V&O Fund"), Starboard Value and Opportunity S LLC ("Starboard S LLC"), Starboard Value and Opportunity C LP ("Starboard C LP"), Starboard Value and Opportunity Master Fund L LP ("Starboard L Master"), Starboard X Master Fund Ltd ("Starboard X Master"), Starboard Value R LP ("Starboard R LP"), Starboard Value L LP ("Starboard L LP"), Starboard Value LP ("Starboard Value LP"), Starboard Value GP LLC ("Starboard Value GP"), Starboard Value R GP LLC ("Starboard R GP"), Starboard Principal Co LP ("Principal Co"), Starboard Principal Co GP LLC ("Principal GP"), Peter A. Feld and Jeffrey C. Smith (collectively, the "Reporting Persons").

To enable all of the Reporting Persons to gain access to the Securities and Exchange Commission's electronic filing system (which only accepts a maximum of 10 joint filers per report), this report is the first of two identical reports relating to the same transactions being filed with the Securities and Exchange Commission. Each Reporting Person may be deemed to be a member of a Section 13(d) group that owns more than 10% of the Issuer's outstanding shares of Common Stock. Each Reporting Person disclaims beneficial ownership of the securities reported herein except to the extent of his or its pecuniary interest therein, and this report shall not be deemed to be an admission that any Reporting Person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.

Represents an internal transfer from Starboard C LP to Starboard X Master, which did not affect the Reporting Persons' holdings in the aggregate.

Securities beneficially owned by Starboard C LP. Each of Starboard R LP, as the general partner of Starboard C LP, and Starboard R GP, as the general partner of Starboard R LP, may be deemed to be the beneficial owner of the securities beneficially owned by Starboard C LP. Starboard Value LP, as the investment manager of Starboard C LP, may be deemed to be the beneficial owner of the securities beneficially owned by Starboard C LP. Each of Starboard Value GP, as the general partner of Starboard Value LP, Principal Co, as a member of Starboard Value GP, Principal GP, as the general partner of Principal Co, and Messrs. Smith and Feld, as members of Principal GP and as members of each of the Management Committee of Starboard Value GP and the Management Committee of Principal GP, may be deemed to be the beneficial owner of the securities beneficially owned by Starboard C LP. As of May 16, 2025, Starboard C LP no longer beneficially owns any securities of the Issuer.

This Form 4 is filed jointly by Starboard Value and Opportunity Master Fund Ltd ("Starboard V&O Fund"), Starboard Value and Opportunity S LLC ("Starboard S LLC"), Starboard Value and Opportunity C LP ("Starboard C LP"), Starboard Value and Opportunity Master Fund L LP ("Starboard L Master"), Starboard X Master Fund Ltd ("Starboard X Master"), Starboard Value R LP ("Starboard R LP"), Starboard Value L LP ("Starboard L LP"), Starboard Value LP ("Starboard Value LP"), Starboard Value GP LLC ("Starboard Value GP"), Starboard Value R GP LLC ("Starboard R GP"), Starboard Principal Co LP ("Principal Co"), Starboard Principal Co GP LLC ("Principal GP"), Peter A. Feld and Jeffrey C. Smith (collectively, the "Reporting Persons").

To enable all of the Reporting Persons to gain access to the Securities and Exchange Commission's electronic filing system (which only accepts a maximum of 10 joint filers per report), this report is the second of two identical reports relating to the same transactions being filed with the Securities and Exchange Commission. Each Reporting Person may be deemed to be a member of a Section 13(d) group that owns more than 10% of the Issuer's outstanding shares of Common Stock. Each Reporting Person disclaims beneficial ownership of the securities reported herein except to the extent of his or its pecuniary interest therein, and this report shall not be deemed to be an admission that any Reporting Person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.

Represents an internal transfer from Starboard C LP to Starboard X Master, which did not affect the Reporting Persons' holdings in the aggregate.

Securities beneficially owned by Starboard C LP. Each of Starboard R LP, as the general partner of Starboard C LP, and Starboard R GP, as the general partner of Starboard R LP, may be deemed to be the beneficial owner of the securities beneficially owned by Starboard C LP. Starboard Value LP, as the investment manager of Starboard C LP, may be deemed to be the beneficial owner of the securities beneficially owned by Starboard C LP. Each of Starboard Value GP, as the general partner of Starboard Value LP, Principal Co, as a member of Starboard Value GP, Principal GP, as the general partner of Principal Co, and Messrs. Smith and Feld, as members of Principal GP and as members of each of the Management Committee of Starboard Value GP and the Management Committee of Principal GP, may be deemed to be the beneficial owner of the securities beneficially owned by Starboard C LP. As of May 16, 2025, Starboard C LP no longer beneficially owns any securities of the Issuer.

This Form 4 is filed jointly by Starboard Value and Opportunity Master Fund Ltd ("Starboard V&O Fund"), Starboard Value and Opportunity S LLC ("Starboard S LLC"), Starboard Value and Opportunity C LP ("Starboard C LP"), Starboard Value and Opportunity Master Fund L LP ("Starboard L Master"), Starboard X Master Fund Ltd ("Starboard X Master"), Starboard Value R LP ("Starboard R LP"), Starboard Value L LP ("Starboard L LP"), Starboard Value LP ("Starboard Value LP"), Starboard Value GP LLC ("Starboard Value GP"), Starboard Value R GP LLC ("Starboard R GP"), Starboard Principal Co LP ("Principal Co"), Starboard Principal Co GP LLC ("Principal GP"), Peter A. Feld and Jeffrey C. Smith (collectively, the "Reporting Persons").

To enable all of the Reporting Persons to gain access to the Securities and Exchange Commission's electronic filing system (which only accepts a maximum of 10 joint filers per report), this report is the first of two identical reports relating to the same transactions being filed with the Securities and Exchange Commission. Each Reporting Person may be deemed to be a member of a Section 13(d) group that owns more than 10% of the Issuer's outstanding shares of Common Stock. Each Reporting Person disclaims beneficial ownership of the securities reported herein except to the extent of his or its pecuniary interest therein, and this report shall not be deemed to be an admission that any Reporting Person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.

Represents an internal transfer from Starboard C LP to Starboard X Master, which did not affect the Reporting Persons' holdings in the aggregate.

Securities beneficially owned by Starboard C LP. Each of Starboard R LP, as the general partner of Starboard C LP, and Starboard R GP, as the general partner of Starboard R LP, may be deemed to be the beneficial owner of the securities beneficially owned by Starboard C LP. Starboard Value LP, as the investment manager of Starboard C LP, may be deemed to be the beneficial owner of the securities beneficially owned by Starboard C LP. Each of Starboard Value GP, as the general partner of Starboard Value LP, Principal Co, as a member of Starboard Value GP, Principal GP, as the general partner of Principal Co, and Messrs. Smith and Feld, as members of Principal GP and as members of each of the Management Committee of Starboard Value GP and the Management Committee of Principal GP, may be deemed to be the beneficial owner of the securities beneficially owned by Starboard C LP. As of May 16, 2025, Starboard C LP no longer beneficially owns any securities of the Issuer.