Valentin Gapontsev Trust I - 24 Aug 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
Issuer symbol
IPGP
Transactions as of
24 Aug 2023
Net transactions value
-$846,629
Form type
4
Filing time
25 Aug 2023, 16:15:32 UTC
Previous filing
10 Aug 2023
Next filing
12 Sep 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction IPGP Common Stock Sale $573,392 -5,605 -0.08% $102.30 7,289,994 24 Aug 2023 Direct F1, F2
transaction IPGP Common Stock Sale $246,021 -2,383 -0.03% $103.24 7,287,611 24 Aug 2023 Direct F1, F3
transaction IPGP Common Stock Sale $27,217 -262 -0% $103.88 7,287,349 24 Aug 2023 Direct F1, F4
* 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 $101.73 to $102.72 per share. The weighted average price per share was $102.30. 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 $102.73 to $103.71 per share. The weighted average price per share was $103.24. 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 $103.77 to $104.02 per share. The weighted average price per share was $103.88. 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.