Material Event - Form 8-K

On April 24, 2024, in connection with Network-1 Technologies Inc.'s patent infringement litigation against Google Inc and YouTube, LLC, the U.S. District Court for the Southern District of New York issued a judgment dismissing Network-1's patent infringement claims finding that the asserted claims of two of the patents are invalid for indefiniteness and granting summary judgment that the asserted claims of another asserted patent are not infringed by Google's accused system. The Court's ruling disposes of all of Network-1's claims in the case. Network-1 is evaluating its alternatives, including an appeal of the Court's rulings to the U.S. Court of Appeals for the Federal Circuit.