Eugene Scherbakov - 15 Feb 2024 Form 4 Insider Report for IPG PHOTONICS CORP (IPGP)

Role
CEO, Director, 10%+ Owner
Signature
/s/ Adam N. King, Attorney-in-Fact
Issuer symbol
IPGP
Transactions as of
15 Feb 2024
Net transactions value
-$146,576
Form type
4
Filing time
20 Feb 2024, 16:15:46 UTC
Previous filing
08 May 2023
Next filing
21 Feb 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction IPGP Common Stock Options Exercise $358,850 +5,000 +7.2% $71.77 74,761 15 Feb 2024 Direct
transaction IPGP Common Stock Sale $136,214 -1,550 -2.1% $87.88 73,211 15 Feb 2024 Direct F1, F2
transaction IPGP Common Stock Sale $305,601 -3,450 -4.7% $88.58 69,761 15 Feb 2024 Direct F1, F3
transaction IPGP Common Stock Options Exercise $287,080 +4,000 +5.7% $71.77 73,761 16 Feb 2024 Direct
transaction IPGP Common Stock Sale $205,738 -2,361 -3.2% $87.14 71,400 16 Feb 2024 Direct F1, F4
transaction IPGP Common Stock Sale $144,953 -1,639 -2.3% $88.44 69,761 16 Feb 2024 Direct F1, F5

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction IPGP Employee Stock Options (right to buy) Options Exercise $0 -5,000 -38% $0.000000 8,000 15 Feb 2024 Common Stock 5,000 $71.77 Direct F6
transaction IPGP Employee Stock Options (right to buy) Options Exercise $0 -4,000 -50% $0.000000 4,000 16 Feb 2024 Common Stock 4,000 $71.77 Direct F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on May 10, 2023.
F2 The reported transaction involves sale transactions ranging from $87.20 to $88.18 per share. The weighted average price per share was $87.88. The Reporting Person undertakes to provide upon request by the SEC staff, the Issuer or a security holder of the Issuer, information regarding the number of shares sold at each separate price.
F3 The reported transaction involves sale transactions ranging from $88.20 to $89.12 per share. The weighted average price per share was $88.58. The Reporting Person undertakes to provide upon request by the SEC staff, the Issuer or a security holder of the Issuer, information regarding the number of shares sold at each separate price.
F4 The reported transaction involves sale transactions ranging from $86.80 to $87.59 per share. The weighted average price per share was $87.14. The Reporting Person undertakes to provide upon request by the SEC staff, the Issuer or a security holder of the Issuer, information regarding the number of shares sold at each separate price.
F5 The reported transaction involves sale transactions ranging from $87.80 to $88.79 per share. The weighted average price per share was $88.44. The Reporting Person undertakes to provide upon request by the SEC staff, the Issuer or a security holder of the Issuer, information regarding the number of shares sold at each separate price.
F6 Grant of stock options vesting in one installment on March 1, 2018.