Finjan Holdings, Inc

SECURITIES AND EXCHANGE COMMISSION

FORM 8-K Current report filing

Filing Date: 2018-08-02 | Period of Report: 2018-08-02 SEC Accession No. 0001366340-18-000043

(HTML Version on secdatabase.com)

FILER FINJAN HOLDINGS, INC. Mailing Address Business Address 2000 UNIVERSITY AVENUE 2000 UNIVERSITY AVENUE CIK:1366340| IRS No.: 204075963 | State of Incorp.:DE | Fiscal Year End: 1231 SUITE 600 SUITE 600 Type: 8-K | Act: 34 | File No.: 001-33304 | Film No.: 18986865 EAST PALO ALTO CA 94303 EAST PALO ALTO CA 94303 SIC: 6794 Patent owners & lessors (650) 282-3228

FORM 8-K ______

CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934

Date of Report (Date of Earliest Event Reported): August 2, 2018 ______FINJAN HOLDINGS, INC. (Exact name of registrant as specified in its charter) ______

Delaware 000-33304 20-4075963 (State or other jurisdiction (Commission (IRS Employer of incorporation) File Number) Identification No.)

2000 University Avenue, Suite 600, East Palo Alto, CA 94303 (Address of principal executive offices) (Zip Code)

Registrant’s telephone number, including area code: 650-282-3228

(Former name or former address, if changed since last report) ______

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company o

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o

On August 2, 2018, Finjan Holdings, Inc. (the “Company”) issued a press release providing unaudited financial update and highlights of the Company’s key accomplishments for the first half of 2018 and the second fiscal quarter ended June 30, 2018.

A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

The information in Item 2.02 of this Report and the press release attached hereto as Exhibit 99.1 are furnished and shall not be treated as filed for purposes of the Securities Exchange Act of 1934, as amended.

Item 7.01. Regulation FD Disclosure.

A copy of material that will be used by Finjan Holdings, Inc. (the “Company”) from time to time, in whole or in part, and possibly with modifications, in connection with presentations to investors, analysts and others is attached to this Current Report on Form 8-K as Exhibit 99.2. These materials are dated August 2018, and the Company disclaims any obligation to correct or update these materials in the future.

By filing this Current Report on Form 8-K and furnishing the information contained herein, the Company makes no admission as to the materiality of any information in this report.

In accordance with General Instruction B.2 of this Current Report on Form 8-K, the information presented in Item 7.01 of this Current Report on Form 8-K (including the exhibits hereto) shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, unless the Company specifically states that the information is to be considered “filed” under the Exchange Act or incorporates it by reference into a filing under the Securities Act of 1933, as amended, or the Exchange Act.

Item 9.01. Financial Statements and Exhibits

(d) Exhibits.

Exhibit No. Description Press Release, dated August 2, 2018, entitled “Finjan Reports $82 Million in Revenue for the First Half of Fiscal 2018, an Increase of 200% Year-Over-Year – Company to Host Conference Call to Discuss the First Half of 2018 and 99.1 Offer an Update on its Strategic Objectives on August 2nd at 1:30 PM PT/4:30 PM ET.”

99.2 Q2 Investor Update, dated August 2018

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

FINJAN HOLDINGS, INC.

Date: August 2, 2018 By: /s/ Philip Hartstein Philip Hartstein President & Chief Executive Officer

Finjan Reports $82 Million in Revenue for the First Half of Fiscal 2018, an Increase of 200% Year-Over-Year

Company to Host Conference Call to Discuss the First Half of 2018 and Offer an Update on its Strategic Objectives on August 2nd at 1:30 PM PT/4:30 PM ET

EAST PALO ALTO, CA – August 02, 2018 -- Finjan Holdings, Inc. (NASDAQ:FNJN), a cybersecurity company, is providing shareholders with a financial update and highlight of the Company’s key accomplishments for the first half of 2018 and second fiscal quarter ended June 30, 2018. Additional updates regarding Finjan’s operating subsidiaries and investments are also highlighted and will be discussed during the conference call to be held on August 2nd at 1:30 p.m. PT/4:30 p.m. ET.

Unaudited Financial Highlights for the First Six Months of 2018: • Revenue totaled $82.3 million as compared to $27.1 million for the comparable period last year, an increase of more than 200% year-over-year • Ended the quarter with approximately $65.0 million in cash as compared to $41.2 million as of December 31, 2017 • Net income was $36.3 million or $1.31 per share as compared to $13.1 million or $0.57 for the same period a year ago • As a result of record performance the Company redeemed and retired all 153,000 Preferred Series A-1 Shares in the first quarter of 2018 for a total amount of $19.9 million

Unaudited Financial Results for the Second Quarter of 2018 • Revenue increased over 650% to $17.3 million compared to $2.3 million for the same period a year ago • Net income was $7.0 million or $0.26 per share compared to a net loss of ($2.8) million or a loss of ($0.12) per share for the same period a year ago • Repurchased 686,492 shares of Finjan’s common stock under the $10 million share repurchase program for an aggregate purchase price of approximately $2.0 million, or $2.95 per share

“Finjan continues to execute evidenced by our settlements with Symantec and Carbon Black and our most recent license with Trend Micro. This has resulted in revenues of $82.3 million in first half of 2018, far surpassing revenues for the full year of fiscal 2017,” said Phil Hartstein, President and CEO of Finjan Holdings. “We have

Copyright © 2018 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document made progress on our strategic objectives which we introduced last quarter including cash back to our shareholder through our $10 million

Copyright © 2018 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document share repurchase program and building upon our expertise of patent monetization through the broadening of our patent portfolio through our IBM relationship.”

In addition, in light of market activity and additional strategic options that have recently presented themselves to Finjan, the Board has elected to engage an investment bank to assist the Company in exploring these strategic options. The goal of this process is for Finjan to determine the best use of its resources to deliver value to shareholders. The Company has not set a timetable for this process. No decision has been made as to whether the Company will engage in a transaction or transactions and there can be no assurance that the review of strategic business options will result in any transaction, or the terms or timing of any potential transaction. Finjan has retained Atlas Technology Group, LLC as its investment banker for this process.

IP Licensing and Settlement Updates for the Second Quarter of 2018: • April 2018: Entered into a Confidential Patent License and Settlement Agreement with Carbon Black for $3.9 million. • May 2018: Filed a complaint against Check Point both in the U.S. and Israel • June 2018: Announced an ongoing license across Finjan Inc. Finjan Blue and Finjan Mobile with Trend Micro for $13.4 million. In addition, Trend Micro transferred select security-related patent assets to Finjan that serve to broaden and deepen our Finjan Blue portfolio • Actively involved with 20 negotiations with prospective licensees • Engaged in settlement discussions with a number of defendants

Enforcement Update and Schedule: October 2018 SonicWall (5:17-cv-04467) has a claim construction (“Markman”) hearing scheduled for October 12 November 2018 Germany Nullity (i.e. validity) Action will be heard, combined by the German Court for both Blue Coat and ESET cases currently pending December 2018 Zscaler (3:17-cv-06946) has Markman hearing scheduled for December 11 February 2019 ESET (3:17-cv-00183) trial date set for February 4

Finjan has pending infringement lawsuits against Palo Alto Networks, ESET and its affiliates, Cisco Systems, Sonicwall, Bitdefender and its affiliates, Juniper Networks, Zscaler, and Check

Copyright © 2018 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document Point, relating to, collectively, more than 20 patents in the Finjan portfolio. The court dockets for the foregoing cases are publicly available on the Public Access to Court Electronic Records (PACER) website, www.pacer.gov, which is operated by the Administrative Office of the U.S. Courts.

Finjan Mobile: • Cost per acquisition of new paid subscribers continues to decrease. • Finjan is on track to launch a consumer-focused rebrand in the fiscal third quarter which includes important new additions to the Finjan Mobile service.

Analyst and Investor Call with Management A shareholder update call to discuss the Company’s second quarter 2018 and update on strategic initiatives is scheduled for 1:30 p.m. Pacific Time on August 2, 2018. Analysts, investors, and other interested parties may access the conference call by dialing 1-855-327-6837. International callers can access the call by dialing1-778-327-3988. An archived audio replay of the conference call will be available for 2 weeks beginning at 4:30 pm Pacific Time on August 2, 2018 and can be accessed by dialing 1-844-512- 2921 and providing access code 10005163. International callers can access the replay by dialing 1-412-317-6671. The call will also be archived on Finjan's investor relations website.

ABOUT FINJAN Established more than 20 years ago, Finjan is a globally recognized leader in cybersecurity. Finjan’s inventions are embedded within a strong portfolio of patents focusing on software and hardware technologies used to proactively detect previously unknown and emerging threats on a real-time, behavior-based basis. Finjan continues to grow through investments in innovation, strategic acquisitions, and partnerships promoting economic advancement and job creation. Finjan® is the registered trademark of Finjan Holdings, Inc.; Finjan MobileTM, and VitalSecurityTM are the trademarks of Finjan Holdings, Inc.,

Follow Finjan Holdings, Inc.: Twitter: @FinjanHoldings LinkedIn: linkedin.com/company/finjan Facebook: facebook.com/FinjanHoldings

Copyright © 2018 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document Cautionary Note Regarding Forward-Looking Statements Except for historical information, the matters set forth herein that are forward-looking statements involve certain risks and uncertainties that could cause actual results to differ. Potential risks and uncertainties include, but are not limited to, Finjan’s expectations and beliefs regarding Finjan’s licensing program, the outcome of pending or future enforcement actions, the granting of Inter Partes Review (IPR) of our patents or an unfavorable determination pursuant to an IPR or other challenges at the USPTO of our patents, the enforceability of our patents, the cost of litigation, the uncertain monetization of acquired patents, the outcome of strategic transactions, the amount of shares to be repurchased under our stock repurchase program, the unpredictability of our cash flows, our ability to expand our technology and patent portfolio, the continued use of our technologies in the market, our stock price, changes in the trading market for our securities, regulatory developments, general economic and market conditions, the market acceptance and successful business, technical and economic implementation of Finjan Holdings' intended operational plan; and the other risk factors set forth from time to time in our filings with the SEC, including our Annual Report on Form 10-K for the year ended December 31, 2017, and the Company's periodic filings with the SEC, copies of which are available free of charge at the SEC's website at www.sec.gov or upon request from Finjan Holdings, Inc. All forward-looking statements herein reflect our opinions only as of the date of this release. These statements are not guarantees of future performance and actual results could differ materially from our current expectations. Finjan Holdings undertakes no obligation, and expressly disclaims any obligation, to update forward-looking statements herein in light of new information or future events.

Investor Contact: Vanessa Winter | Director of Investor Relations, Finjan Holdings Valter Pinto | KCSA Strategic Communications (650) 282-3245 | [email protected]

Copyright © 2018 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document Q2 Investor Update August 2018 CONFIDENTIAL 1 © 2018 Finjan Holdings, Inc. ALL RIGHTS RESERVED

Copyright © 2018 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document Safe Harbor Statement The following presentation is prepared as of August, 2018 and development of a liquid trading market for our securities and outlines matters for informational purposes only. This document other factors described under Item 1A, “Risk Factors,” as set does not constitute an offer to sell or a solicitation of an offer to forth in the Company’s Annual Report on Form 10-K filed on buy any securities of Finjan Holdings, Inc. (“Finjan”, “we” or “us”). March 14, 2018 or Quarterly Report on Form 10-Q filed with the This presentation includes “forward-looking statements” within SEC and any subsequent quarterly or current reports. the meaning of Section 27A of the Securities Act of 1933, as The Company will continue to file annual, quarterly and current amended, and Section 21E of the Securities Exchange Act of reports, proxy statements and other information with the SEC. 1934, as amended. These statements include statements Forward looking statements speak only as of the dates specified regarding our expectations, intentions, beliefs and projections in such filings or presentations. Except as expressly required about our future results, performance, prospects and under federal securities laws and the rules and regulations of the opportunities. These statements can be identified by the fact that Securities and Exchange Commission, we do not undertake any they do not relate strictly to historical or current facts or by the obligation to update any forward-looking statements to reflect use of words such as “anticipate,” “believe,” “could,” “estimate,” events or circumstances arising after any such date, whether as “expect,” “intend,” “may ,” “plan,” “project,” “potential,” “should,” a result of new information or future events or otherwise. You “will,” “will be,” “would,” the negative of these terms and similar should not place undue reliance on the forward-looking expressions, but

this is not an exclusive way of identifying such statements included in this presentations or that may be made statements. Readers are cautioned that forward-looking elsewhere from time to time by us, or on our behalf. All forward- statements are not guarantees of future performance. Our actual looking statements attributable to us are expressly qualified by results, performance and achievements may differ materially these cautionary statements. from those expressed in, or implied by, the forward-looking Our filings with the SEC are available to the public on, and may statements contained in this presentation as a result of various be reviewed at, the SEC’s internet website www.sec.gov and on risks, uncertainties and other factors. Important factors that could Finjan’s web site www.finjan.com. You may also read and copy cause our actual results to differ materially from our expectations any document that Finjan files with the SEC at the SEC’s Public include, without limitation, our ability to execute our business Reference Room, 100 F Street, N.E., Washington, D.C. 20549. plan, the outcome of pending or future enforcement actions, our Please call the SEC at 1-800-SEC-0330 for further information ability to expand our technology portfolio, the enforceability of our on the Public Reference Room and their copy charges. patents, the continued use of our technology in the market, the 2 © 2018 Finjan Holdings, Inc. ALL RIGHTS RESERVED

Copyright © 2018 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document Finjan Investment Highlights Fundamental and Comprehensive Patents in Cybersecurity • More than 50 organic Finjan patents issued and pending worldwide 1 • Enhanced by acquisition of 80+ complementary patents from IBM, Trend Micro, others • Outstanding track record of patent validity Successful Licensing & Enforcement History • 20+ licensees and over $350M (cash value) in license fees generated to date 2 • Recent deals with security industry leaders – Symantec, Carbon Black, Trend Micro Increasing Demand as Cybersecurity Market Expands • Cybersecurity is now a ~$100B market and growing rapidly 3 • Active pipeline of more than 30 prospective licensees and defendants Significant Financial Momentum • First half 2018 revenue of $82.3M 4 • $65M in cash and no debt, no preferred Multiple Growth Opportunities • Continued runway in core market 5 • Active patent acquisition programs with major corporations (Finjan Blue) • Expanding core expertise in patent monetization to 3rd parties giving rise to new revenue streams Outstanding Management Team • Viewed as industry leaders in IP management: both corporation and management team 6 • Defined industry standard best practices in licensing 3 © 2018 Finjan Holdings, Inc. ALL RIGHTS RESERVED

Copyright © 2018 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document History of Finjan 1996 Finjan is formed & launches security product 2009 Divested operating 2018 CAFC calls Finjan a 2002 business to M86 for “pioneer” and deems Migrates into a 25% stake diversified hardware patents valid and software platform 2014 Symantec/BlueCoat pays technology provider Listed on NASDAQ $65M to take license under FNJN 2004 USPTO uses Finjan as Establishes the 2016 First profitable year an example in Malicious Code determining validity Research Center as a public company (MCRC) 2017 On target for 100%+ Launches Finjan YoY revenue growth for 2005 th First patent license Blue in partnership 4 consecutive year with Microsoft with IBM 1995 2018 4 © 2018 Finjan Holdings, Inc. ALL RIGHTS RESERVED

Copyright © 2018 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document Company Snapshot PATENT PORTFOLIO STATISTICS SELECT LICENSEES Patents issued & 50 pending worldwide Patents issued & 5 pending worldwide Patents 89 IBM Deal I, IBM Deal II, Trend Micro, and more LICENSING REVENUE NET CASH ($ in thousands) $82,300 ($ in thousands) $65,014 $50,484 $22,204 $18,387 $4,687 $6,101 Existing$192 Programs: ~$750M 2015 2016 2017 2018 YTD Dec2015-2015 Dec2016-2016 Dec2017-2017 2018Jun-2018 YTD Note: Net Cash defined as cash less debt less preferred stock CONFIDENTIAL 5 © 2018 Finjan Holdings, Inc. ALL RIGHTS RESERVED

Copyright © 2018 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document Significant Active and Untapped Market Opportunity ($ in millions) $24,677 CAGR $23,310 $21,873 $20,405 $18,923 $8,403 $17,574 $7,698 $7,010 10.5% $6,342 $5,676 $5,090 $1,913 7.5% $1,703 $1,811 $1,461 $1,586 $2,496 $2,675 $1,333 $2,102 $2,305 $1,679 $1,890 9.8% 4.3% $11,686 $9,471 $9,896 $10,374 $10,854 $11,305 2016 2017 2018 2019 2020 2021 Endpoint Security Network Security Web Application Security Security & Vulnerability Management Source: Finjan analysis of IDC data FINJAN MARKET PENETRATION & AVAILABILITY SECURITY & WEB APPLICATION ENDPOINT SECURITY NETWORK SECURITY VULNERABILITY SECURITY MANAGEMENT 14% 8% 19% 25% 30% 17% 48% 15% 66% 38% 75% 45% Completed Engaged Untapped 6 © 2018 Finjan Holdings, Inc. ALL RIGHTS RESERVED

Copyright © 2018 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document Finjan Cybersecurity Business IP Licensing Portfolio of landmark cybersecurity patents resulting from internal R&D, in-house 90%+ product development and strategic partnerships OF TOTAL REVENUES Patents cover core functionality and features used in modern security architectures Finjan Mobile Investments in Cybersecurity VitalSecurity™ to protect Innovation Advisory Services consumer’s mobile $5M commitment to innovation CybeRisk™ Security Solutions devices from the internet’s fund managed by Jerusalem Ltd. based in Palo Alto with malicious content; incorporates Venture Partners (JVP) offices in Tel Aviv Finjan patented technologies Limited Partner in early-stage Risk assessment & Risk advisory Exploring protecting mobile cybersecurity technology services tailored to meet phones in the workplace while companies alongside Cisco, compliance and governance securing personal and corporate Qihoo360 and Alibaba needs from “server room to the data board room” 7 © 2018 Finjan Holdings, Inc. ALL RIGHTS RESERVED

Copyright © 2018 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document Durability and Viability of Finjan Patents 8 © 2018 Finjan Holdings, Inc. ALL RIGHTS RESERVED

Copyright © 2018 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document Portfolio Founded in Fundamental Technology % 70 0 AIA- IPR PATENTS 96of 328 patent claims v. Finjan CHALLENGES INVALIDATED remain unchanged DISTRICT 3 COURTS Found our patents valid and infringed JURIES 22 Licenses with price 3 protections entered with top cybersecurity companies COURT OF APPEALS FOR THE FEDERAL CIRCUIT 9 © 2018 Finjan Holdings, Inc. ALL RIGHTS RESERVED

Copyright © 2018 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document Financial Performance REVENUE OPERATING INCOME ($ in thousands) ($ in thousands) $60,000.0 70.0% $85,032$85,205$85,378$85,551$85,724$85,897$86,069$86,242$86,415 $82,300 $83,477$83,650$83,823$83,995$84,168$84,341$84,514$84,687$84,860 $81,921$82,094$82,267$82,440$82,613$82,786$82,958$83,131$83,304 $52,540 $80,366$80,539$80,712$80,884$81,057$81,230$81,403$81,576$81,749 $78,810$78,983$79,156$79,329$79,502$79,675$79,847$80,020$80,193 $77,255$77,428$77,601$77,774$77,946$78,119$78,292$78,465$78,638 60.0% $75,700$75,872$76,045$76,218$76,391$76,564$76,737$76,909$77,082 $50,000.0 $74,144$74,317$74,490$74,663$74,835$75,008$75,181$75,354$75,527 63.8% $72,589$72,761$72,934$73,107$73,280$73,453$73,626$73,798$73,971 $71,033$71,206$71,379$71,552$71,724$71,897$72,070$72,243$72,416 $69,478$69,650$69,823$69,996$70,169$70,342$70,515$70,687$70,860 $68,095$68,268$68,441$68,614$68,786$68,959$69,132$69,305 $66,540$66,712$66,885$67,058$67,231$67,404$67,577$67,749$67,922 $64,984$65,157$65,330$65,503$65,675$65,848$66,021$66,194$66,367 50.0% $63,429$63,601$63,774$63,947$64,120$64,293$64,466$64,638$64,811 $61,873$62,046$62,219$62,392$62,564$62,737$62,910$63,083$63,256 $60,318$60,491$60,663$60,836$61,009$61,182$61,355$61,527$61,700 $40,000.0 $58,762$58,935$59,108$59,281$59,454$59,626$59,799$59,972$60,145 $57,207$57,380$57,552$57,725$57,898$58,071$58,244$58,417$58,589 $55,651$55,824$55,997$56,170$56,343$56,515$56,688$56,861$57,034 $54,096$54,269$54,441$54,614$54,787$54,960$55,133$55,306$55,478 $52,540$52,713$52,886$53,059$53,232$53,404$53,577$53,750$53,923 $50,985$51,158$51,331$51,503$51,676$51,849$52,022$52,195$52,367 40.0%

$49,429$49,602$49,775$49,948$50,121$50,294$50,466$50,639$50,812 $47,874$48,047$48,220$48,392$48,565$48,738$48,911$49,084$49,257 $46,318$46,491$46,664$46,837$47,010$47,183$47,355$47,528$47,701 $44,936$45,109$45,281$45,454$45,627$45,800$45,973$46,146 $30,000.0 $43,380$43,553$43,726$43,899$44,072$44,244$44,417$44,590$44,763 $41,825$41,998$42,171$42,343$42,516$42,689$42,862$43,035$43,208 $40,269$40,442$40,615$40,788$40,961$41,134$41,306$41,479$41,652 $38,714$38,887$39,060$39,232$39,405$39,578$39,751$39,924$40,097 30.0% $37,158$37,331$37,504$37,677$37,850$38,023$38,195$38,368$38,541 $35,603$35,776$35,949$36,121$36,294$36,467$36,640$36,813$36,986 $34,048$34,220$34,393$34,566$34,739$34,912$35,084$35,257$35,430 $32,492$32,665$32,838$33,011$33,183$33,356$33,529$33,702$33,875 $30,937$31,109$31,282$31,455$31,628$31,801$31,974$32,146$32,319 $29,381$29,554$29,727$29,900$30,072$30,245$30,418$30,591$30,764 $27,056 $20,000.0 $27,826$27,998$28,171$28,344$28,517$28,690$28,863$29,035$29,208 $26,270$26,443$26,616$26,789$26,961$27,134$27,307$27,480$27,653 $24,715$24,888$25,060$25,233$25,406$25,579$25,752$25,925$26,097 20.0% $23,159$23,332$23,505$23,678$23,851$24,023$24,196$24,369$24,542 $13,389 $22,814$22,986$21,777$21,949$22,122$22,295$22,468$22,641 $20,221$20,394$20,567$20,740$20,912$21,085$21,258$21,431$21,604 $18,666$18,838$19,011$19,184$19,357$19,530$19,703$19,875$20,048 $17,110$17,283$17,456$17,629$17,801$17,974$18,147$18,320$18,493 $15,555$15,728$15,900$16,073$16,246$16,419$16,592$16,765$16,937 49.5% $13,999$14,172$14,345$14,518$14,691$14,863$15,036$15,209$15,382 $10,000.0 $12,444$12,617$12,789$12,962$13,135$13,308$13,481$13,654$13,826 10.0%

$10,888$11,061$11,234$11,407$11,580$11,752$11,925$12,098$12,271 $10,024$10,197$10,370$10,543$10,715$9,333$9,506$9,678$9,851 $7,777$7,950$8,123$8,296$8,469$8,642$8,814$8,987$9,160 $6,222$6,395$6,568$6,740$6,913$7,086$7,259$7,432$7,605 $4,666$4,839$5,012$5,185$5,358$5,531$5,703$5,876$6,049 $3,111$3,284$3,457$3,629$3,802$3,975$4,148$4,321$4,494 $1,555$1,728$1,901$2,074$2,247$2,420$2,592$2,765$2,938 $1,037$1,210$1,383$173$346$518$691$864$0 $0.0 0.0% 1H 2017 1H 2018 1H 2017 1H 2018 Operating Income % Operating Margin 10 © 2018 Finjan Holdings, Inc. ALL RIGHTS RESERVED

Copyright © 2018 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document Finjan Management Team Phil Hartstein President and Chief Executive Officer Phil Hartstein is President and Chief Executive Officer of Finjan Holdings, Inc. and oversees the direction and management of current assets and future investments as well as working with the company’s executive management team to execute the shareholders vision as a public technology company. Former: IP Nav, Rembrandt IP, IPotential, Ocean Tomo, Knobbe Martens Julie Mar-Spinola Chief Intellectual Property Officer and VP, Legal Ops Julie Mar-Spinola is Finjan Holdings, Inc.’s Chief Intellectual Property Officer and Vice President of Legal Operations. Ms. Mar-Spinola oversees the Company’s revenue-based and legal operations, including the Company’s IP and cyber technology innovations, enforcement programs, best practices, public policy initiatives, and mentorships. Ms. Mar-Spinola is also a member of the Board of Directors for product subsidiary, Finjan Mobile, Inc. Former: Phoenix, Alta Devices, Atmel, Heller Michael D. Noonan Chief Financial Officer and Treasurer Michael D. Noonan is Chief Financial Officer and Treasurer of Finjan Holdings, Inc. He has more than 25 years of corporate finance, corporate governance and investor relations experience with companies listed on Nasdaq and the New York Stock Exchange. Former: Forgent Networks John Garland Director of Business Development John Garland is Director of Business Development for Finjan Holdings, Inc. where he helps the company to seek patent monetization and supports the strategic and tactile issues involving intellectual property. He has 25 years of experience as a Licensing Executive with worldwide patent licensing transaction experience. Former: Technicolor, Rockstar, Rembrandt IP, ThinkFire, Lucent 11 © 2018 Finjan Holdings, Inc. ALL RIGHTS RESERVED

Copyright © 2018 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document Copyright © 2018 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document