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

Role
10%+ Owner
Signature
/s/Angelo P. Lopresti, Attorney-in-fact for Valentin Gapontsev Trust I
Stock symbol
IPGP
Transactions as of
Aug 8, 2023
Transactions value $
-$905,397
Form type
4
Date filed
8/10/2023, 04:20 PM
Previous filing
Jul 26, 2023
Next filing
Aug 25, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction IPGP Common Stock Sale -$460K -4.2K -0.06% $109.47 7.3M Aug 8, 2023 Direct F1, F2
transaction IPGP Common Stock Sale -$446K -4.05K -0.06% $110.03 7.3M Aug 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 $108.77 to $109.76 per share. The weighted average price per share was $109.47. 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 $109.77 to $110.22 per share. The weighted average price per share was $110.03. 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.