Valentin Gapontsev Trust I - 08 Nov 2023 Form 4 Insider Report for IPG PHOTONICS CORP (IPGP)

Role
10%+ Owner
Signature
/s/ Adam N. King, Attorney-in-Fact for Valentin Gapontsev Trust I
Issuer symbol
IPGP
Transactions as of
08 Nov 2023
Net transactions value
-$756,630
Form type
4
Filing time
13 Nov 2023, 17:25:35 UTC
Previous filing
26 Oct 2023
Next filing
28 Nov 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 $462,106 -5,052 -0.07% $91.47 7,249,297 08 Nov 2023 Direct F1, F2
transaction IPGP Common Stock Sale $263,701 -2,866 -0.04% $92.01 7,246,431 08 Nov 2023 Direct F1, F3
transaction IPGP Common Stock Sale $30,823 -332 -0% $92.84 7,246,099 08 Nov 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 $90.71 to $91.70 per share. The weighted average price per share was $91.47. 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 $91.71 to $92.60 per share. The weighted average price per share was $92.01. 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 $92.73 to $92.94 per share. The weighted average price per share was $92.84. 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.