Company: ACTG
Filing Date: 2025-03-17
Form Type: 10-K
Source: 0000934549-25-000004
Chunk: 137

Company: ACACIA RESEARCH CORP
Filing Date: 2025-03-17
Form: 10-K
Item: Item 5
Chunk 137
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ITEM 5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES

Market Information

Our common stock trades on The Nasdaq Global Select Market under the symbol “ACTG.”

Holders of Common Stock

On March 12, 2025, there were 52 owners of record of our common stock. The foregoing does not include the number of shareholders whose shares are nominally held by banks, brokerage houses or other institutions, but includes each such institution as one record holder.

Dividend Policy

The current policy of our board of directors is to retain earnings, if any, to provide for our growth. Consequently, we do not expect to pay any cash dividends in the foreseeable future. Further, there can be no assurance that our proposed operations will generate revenues and cash flow needed to declare any future cash dividends or that we will have legally available funds to pay future dividends.

The decision to institute a dividend is at the discretion of, and rests with Acacia’s Board of Directors.

Securities Authorized for Issuance under Equity Compensation Plans

Information required by this item is incorporated by reference to our Definitive Proxy Statement for our 2025 Annual Meeting of Stockholders.

Recent Sales of Unregistered Securities

None.

Stock Repurchases

Issuer Purchases of Equity Securities (1)

Total Number of Shares PurchasedAverage Price Paid per ShareTotal Number of Shares Purchased as Part of Publicly Announced Plans or Programs Approximate Dollar Value of Shares that May Yet be Purchased under the Program(In thousands)October 1, 2024 - October 31, 20241,175,872 $4.64 1,175,872 $7,310 November 1, 2024 - November 30, 2024798,398 $4.50 798,398 $3,721 December 3, 2024 - December 31, 2024846,969 $4.50 846,969 $— Total repurchases in the quarter2,821,239 $4.56 2,821,239 

(1) On November 9, 2023, the Board approved a stock repurchase program (the “Repurchase Program”) for up to $20.0 million of the Company’s common stock, subject to a cap of 5,800,000 shares of common stock. The Repurchase Program has