Thomas Tray - Jan 20, 2023 Form 4 Insider Report for INCYTE CORP (INCY)

Role: Principal Accounting Officer
Signature: /s/ Elizabeth Feeney, Attorney-In-Fact
Stock symbol: INCY
Transactions as of: Jan 20, 2023
Transactions value $: $0
Form type: 4
Date filed: 1/24/2023, 03:00 PM
Previous filing: Dec 21, 2022
Next filing: Jul 6, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	INCY	Common Stock	Award	$0	+2.83K	+17.06%	$0.00	19.4K	Jan 20, 2023	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	INCY	Employee Stock Option (right to buy)	Award	$0	+2.97K		$0.00	2.97K	Jan 20, 2023	Common Stock	2.97K	$83.20	Direct	F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents award of restricted stock units ("RSUs") that will vest 100% on the fourth anniversary of the award, subject to Thomas Tray's continued service with the issuer through the applicable vesting date. The RSUs may be settled only for shares of common stock on a one-for-one basis.
F2	Includes an aggregate of 15,080 shares of common stock issuable pursuant to previously reported restricted stock units that have not vested. The aggregate amount also includes the additional restricted stock granted on January 20, 2023.
F3	Beginning January 20, 2023, options become exercisable in 37 installments, with the first 25% vesting on July 2, 2023 after one year and the remainder vesting monthly over three years.