Valentin Gapontsev Trust I - Feb 23, 2024 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
Stock symbol
IPGP
Transactions as of
Feb 23, 2024
Transactions value $
-$856,770
Form type
4
Date filed
2/27/2024, 05:48 PM
Previous filing
Dec 11, 2023
Next filing
Mar 27, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction IPGP Common Stock Sale -$839K -9.8K -0.14% $85.66 7.22M Feb 23, 2024 Direct F1, F2
transaction IPGP Common Stock Sale -$17.3K -200 0% $86.51 7.22M Feb 23, 2024 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 November 16, 2023.
F2 The reported transaction involves sale transactions ranging from $85.13 to $86.08 per share. The weighted average price per share was $85.66. 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 $86.30 to $86.93 per share. The weighted average price per share was $86.51. 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.