Eugene A. Shcherbakov - Feb 16, 2024 Form 4 Insider Report for IPG PHOTONICS CORP (IPGP)

Role
CEO, Director, 10%+ Owner
Signature
/s/ Adam N. King, Attorney-in-Fact
Stock symbol
IPGP
Transactions as of
Feb 16, 2024
Transactions value $
-$56,067
Form type
4
Date filed
2/21/2024, 04:30 PM
Previous filing
Feb 20, 2024
Next filing
Mar 5, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction IPGP Common Stock Award $0 +28.9K +41.39% $0.00 98.6K Feb 16, 2024 Direct F1
transaction IPGP Common Stock Options Exercise $287K +4K +4.06% $71.77 103K Feb 20, 2024 Direct
transaction IPGP Common Stock Sale -$288K -3.37K -3.28% $85.72 99.3K Feb 20, 2024 Direct F2, F3
transaction IPGP Common Stock Sale -$54.7K -635 -0.64% $86.14 98.6K Feb 20, 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 -4K -100% $0.00* 0 Feb 20, 2024 Common Stock 4K $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.