Eugene Scherbakov - 16 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
16 Feb 2024
Net transactions value
-$56,067
Form type
4
Filing time
21 Feb 2024, 16:30:33 UTC
Previous filing
20 Feb 2024
Next filing
05 Mar 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 Award $0 +28,877 +41% $0.000000 98,638 16 Feb 2024 Direct F1
transaction IPGP Common Stock Options Exercise $287,080 +4,000 +4.1% $71.77 102,638 20 Feb 2024 Direct
transaction IPGP Common Stock Sale $288,448 -3,365 -3.3% $85.72 99,273 20 Feb 2024 Direct F2, F3
transaction IPGP Common Stock Sale $54,699 -635 -0.64% $86.14 98,638 20 Feb 2024 Direct F2, F4

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 -4,000 -100% $0.000000* 0 20 Feb 2024 Common Stock 4,000 $71.77 Direct F5
* 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 Restricted stock units vesting in three annual installments of 33%, 33% and 34% on March 1, 2025, March 1, 2026 and March 1, 2027, respectively.
F2 The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on May 10, 2023.
F3 The reported transaction involves sale transactions ranging from $85.07 to $86.06 per share. The weighted average price per share was $85.72. 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 $86.07 to $86.23 per share. The weighted average price per share was $86.14. 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 Grant of stock options vesting in one installment on March 1, 2018.