Pablo J. Cagnoni - 19 Feb 2026 Form 4 Insider Report for INCYTE CORP (INCY)

Signature
/s/ Elizabeth Feeney, Attorney-In-Fact
Issuer symbol
INCY
Transactions as of
19 Feb 2026
Net transactions value
-$734,086
Form type
4
Filing time
23 Feb 2026, 16:05:14 UTC
Previous filing
21 Jan 2026

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
CAGNONI PABLO J President, R&D 1801 AUGUSTINE CUT-OFF, WILMINGTON /s/ Elizabeth Feeney, Attorney-In-Fact 23 Feb 2026 0001205703

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction INCY Common Stock Options Exercise $808,624 +13,093 +5.6% $61.76 247,893 19 Feb 2026 Direct
transaction INCY Common Stock Options Exercise $341,078 +5,575 +2.2% $61.18 253,468 19 Feb 2026 Direct
transaction INCY Common Stock Sale $1,883,788 -18,668 -7.4% $100.91 234,800 19 Feb 2026 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 INCY Employee Stock Option (right to buy) Options Exercise $0 -13,093 -65% $0.000000 7,182 19 Feb 2026 Common Stock 13,093 $61.76 Direct F2
transaction INCY Employee Stock Option (right to buy) Options Exercise $0 -5,575 -26% $0.000000 16,268 19 Feb 2026 Common Stock 5,575 $61.18 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 This includes an aggregate of 229,661 shares of common stock issuable pursuant to previously reported restricted stock units and earned performance stock units that have not vested.
F2 The July 14, 2023 options become exercisable in 37 installments, with the first 25% vesting after one year and the remainder vesting monthly over three years.
F3 Beginning January 18, 2024, options become exercisable in 37 installments, with the first 25% vesting on July 14, 2024 and the remainder vesting monthly over three years.