Valentin Gapontsev Trust I - May 8, 2023 Form 4 Insider Report for IPG PHOTONICS CORP (IPGP)

Role
10%+ Owner
Signature
/s/ Angelo P. Lopresti, Attorney-in-Fact
Stock symbol
IPGP
Transactions as of
May 8, 2023
Transactions value $
-$957,252
Form type
4
Date filed
5/8/2023, 05:02 PM
Previous filing
Apr 26, 2023
Next filing
May 25, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction IPGP Common Stock Sale -$909K -7.84K -0.11% $115.98 7.35M May 8, 2023 Direct F1, F2
transaction IPGP Common Stock Sale -$47.9K -409 -0.01% $117.00 7.35M May 8, 2023 Direct F1, F3
* 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 sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 15, 2022.
F2 The reported transaction involves sale transactions ranging from $115.61 to $116.60 per share. The weighted average price per share was $115.98. 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 $116.61 to $117.60 per share. The weighted average price per share was $117.00. 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.