Eric Meurice - 07 Mar 2024 Form 4 Insider Report for IPG PHOTONICS CORP (IPGP)

Role
Director
Signature
/s/ Adam N. King, Attorney-in-Fact
Issuer symbol
IPGP
Transactions as of
07 Mar 2024
Net transactions value
-$20,881
Form type
4
Filing time
08 Mar 2024, 16:25:27 UTC
Previous filing
31 Jan 2024
Next filing
03 Apr 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction IPGP Common Stock Options Exercise $49,769 +785 +4.8% $63.40 17,276 07 Mar 2024 Direct
transaction IPGP Common Stock Sale $70,650 -785 -4.5% $90.00 16,491 07 Mar 2024 Direct F1

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 Director Stock Option (right to buy) Options Exercise $0 -785 -33% $0.000000 1,573 07 Mar 2024 Common Stock 785 $63.40 Direct F2
* 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 sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on February 27, 2023.
F2 Grant of stock options vesting in four equal annual installments on June 3, 2015, 2016, 2017 and 2018.