Valentin Gapontsev Trust I - Mar 25, 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
Mar 25, 2024
Transactions value $
-$895,579
Form type
4
Date filed
3/27/2024, 04:11 PM
Previous filing
Feb 27, 2024
Next filing
Apr 25, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction IPGP Common Stock Sale -$719K -8.04K -0.11% $89.45 7.21M Mar 25, 2024 Direct F1, F2
transaction IPGP Common Stock Sale -$177K -1.96K -0.03% $90.00 7.21M Mar 25, 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 $88.88 to $89.87 per share. The weighted average price per share was $89.45. 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 $89.88 to $90.38 per share. The weighted average price per share was $90.00. 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.