| Name | Relationship | Address | Signature | Signature date | CIK |
|---|---|---|---|---|---|
| Starboard Value LP | Other*, 10%+ Owner | 777 THIRD AVENUE, 18TH FLOOR, NEW YORK | Starboard Value LP, By: /s/ Jeffrey C. Smith, Authorized Signatory | 2025-05-16 | 0001517137 |
| STARBOARD VALUE & OPPORTUNITY MASTER FUND LTD | Other*, 10%+ Owner | 777 THIRD AVENUE, 18TH FLOOR, NEW YORK | Starboard Value & Opportunity Master Fund Ltd, By: /s/ Jeffrey C. Smith, Authorized Signatory | 2025-05-16 | 0001373638 |
| STARBOARD VALUE & OPPORTUNITY S LLC | Other*, 10%+ Owner | 777 THIRD AVENUE, 18TH FLOOR, NEW YORK | Starboard Value & Opportunity S LLC, By: /s/ Jeffrey C. Smith, Authorized Signatory | 2025-05-16 | 0001519812 |
| Starboard Value & Opportunity C LP | Other*, 10%+ Owner | 777 THIRD AVENUE, 18TH FLOOR, NEW YORK | Starboard Value and Opportunity C LP, By: /s/ Jeffrey C. Smith, Authorized Signatory | 2025-05-16 | 0001571704 |
| Starboard Value & Opportunity Master Fund L LP | Other*, 10%+ Owner | 777 THIRD AVENUE, 18TH FLOOR, NEW YORK | Starboard Value and Opportunity Master Fund L LP, By: /s/ Jeffrey C. Smith, Authorized Signatory | 2025-05-16 | 0001767736 |
| Starboard X Master Fund Ltd | Other*, 10%+ Owner | 777 THIRD AVENUE, 18TH FLOOR, NEW YORK | Starboard X Master Fund Ltd, By: /s/ Jeffrey C. Smith, Authorized Signatory | 2025-05-16 | 0001833016 |
| Starboard Value R LP | Other*, 10%+ Owner | 777 THIRD AVENUE, 18TH FLOOR, NEW YORK | Starboard Value R LP, By: /s/ Jeffrey C. Smith, Authorized Signatory | 2025-05-16 | 0001575972 |
| Starboard Value L LP | Other*, 10%+ Owner | 777 THIRD AVENUE, 18TH FLOOR, NEW YORK | Starboard Value L LP, By: /s/ Jeffrey C. Smith, Authorized Signatory | 2025-05-16 | 0001767773 |
| Starboard Value GP LLC | Other*, 10%+ Owner | 777 THIRD AVENUE, 18TH FLOOR, NEW YORK | Starboard Value GP LLC, By: /s/ Jeffrey C. Smith, Authorized Signatory | 2025-05-16 | 0001517138 |
| Starboard Value R GP LLC | Other*, 10%+ Owner | 777 THIRD AVENUE, 18TH FLOOR, NEW YORK | Starboard Value R GP LLC, By: /s/ Jeffrey C. Smith, Authorized Signatory | 2025-05-16 | 0001575979 |
| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | ACTG | Common Stock, par value $0.001 per share | Other | -$1.08M | -290K | -8.18% | $3.71 | 3.26M | May 16, 2025 | By Starboard Value and Opportunity C LP | F1, F2, F6, F9 |
| transaction | ACTG | Common Stock, par value $0.001 per share | Other | -$12.1M | -3.26M | -100% | $3.71 | 0 | May 16, 2025 | By Starboard Value and Opportunity C LP | F1, F2, F6, F9 |
| transaction | ACTG | Common Stock, par value $0.001 per share | Other | $1.08M | +290K | +6.22% | $3.71 | 4.95M | May 16, 2025 | By Starboard X Master Fund Ltd | F1, F2, F8, F9 |
| transaction | ACTG | Common Stock, par value $0.001 per share | Other | $12.1M | +3.26M | +65.7% | $3.71 | 8.21M | May 16, 2025 | By Starboard X Master Fund Ltd | F1, F2, F8, F9 |
| holding | ACTG | Common Stock, par value $0.001 per share | 33M | May 16, 2025 | By Starboard Value and Opportunity Master Fund Ltd | F1, F2, F3 | |||||
| holding | ACTG | Common Stock, par value $0.001 per share | 6.11M | May 16, 2025 | By Starboard Value and Opportunity S LLC | F1, F2, F4 | |||||
| holding | ACTG | Common Stock, par value $0.001 per share | 10.4M | May 16, 2025 | By Managed Account of Starboard Value LP | F1, F2, F5 | |||||
| holding | ACTG | Common Stock, par value $0.001 per share | 3.36M | May 16, 2025 | By Starboard Value and Opportunity Master Fund L LP | F1, F2, F7 |
| Id | Content |
|---|---|
| F1 | 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"). |
| F2 | 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. |
| F3 | Securities beneficially owned by Starboard V&O Fund. Starboard Value LP, as the investment manager of Starboard V&O Fund, may be deemed to be the beneficial owner of the securities beneficially owned by Starboard V&O Fund. 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 V&O Fund. |
| F4 | Securities beneficially owned by Starboard S LLC. Starboard Value LP, as the manager of Starboard S LLC, may be deemed to be the beneficial owner of the securities beneficially owned by Starboard S LLC. 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 S LLC. |
| F5 | Securities held in a certain account managed by Starboard Value LP (the "Starboard Value LP Account"). 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 Value LP and held by the Starboard Value LP Account. |
| F6 | 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. |
| F7 | Securities beneficially owned by Starboard L Master. Each of Starboard L LP, as the general partner of Starboard L Master, Starboard R LP, as the general partner of Starboard L 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 L LP. Starboard Value LP, as the investment manager of Starboard L Master, may be deemed to be the beneficial owner of the securities beneficially owned by Starboard L 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 L Master. |
| F8 | 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. |
| F9 | Represents an internal transfer from Starboard C LP to Starboard X Master, which did not affect the Reporting Persons' holdings in the aggregate. |