Eric Meurice - Apr 29, 2024 Form 4 Insider Report for IPG PHOTONICS CORP (IPGP)

Role
Director
Signature
/s/ Adam N. King, Attorney-in-Fact
Stock symbol
IPGP
Transactions as of
Apr 29, 2024
Transactions value $
-$20,409
Form type
4
Date filed
5/1/2024, 04:16 PM
Previous filing
Apr 3, 2024
Next filing
May 28, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction IPGP Common Stock Options Exercise $50K +788 +4.78% $63.40 17.3K Apr 29, 2024 Direct
transaction IPGP Common Stock Sale -$70.4K -788 -4.56% $89.30 16.5K Apr 29, 2024 Direct F1, F2

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 -788 -100% $0.00* 0 Apr 29, 2024 Common Stock 788 $63.40 Direct 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 February 27, 2023.
F2 The reported transaction involves sale transactions ranging from $88.92 to $89.49 per share. The weighted average price per share was $89.30. 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 Grant of stock options vesting in four equal annual installments on June 3, 2015, 2016, 2017 and 2018.