Yunus Mohammad 4

What Happened Yunus Mohammad, Senior Vice President of Texas Instruments (TXN), exercised a total of 51,098 stock options on 2026-04-29 (three option tranches) and sold the 51,098 shares in open-market transactions the same day. The exercises had strike amounts of $130.52 (13,689 shares, $1,786,688), $169.23 (12,286 shares, $2,079,160) and $174.81 (25,123 shares, $4,391,752) — total exercise cost reported: $8,257,600. The subsequent open-market sales were 21,923 shares at a weighted average $269.56 ($5,909,570), 10,523 shares at $270.45 ($2,845,913) and 18,652 shares at $271.47 ($5,063,468) — total sales proceeds reported: $13,818,951. The filing shows corresponding derivative dispositions at $0, reflecting the options were exercised and the resulting shares sold (i.e., a cashless/sell-to-cover style transaction).

Key Details

• Transaction date: 2026-04-29; Form 4 filed: 2026-04-30 (timely filing).
• Options exercised: 51,098 shares across three tranches:
  • 13,689 shares @ $130.52 = $1,786,688 (vested per F4)
  • 12,286 shares @ $169.23 = $2,079,160 (vested per F5)
  • 25,123 shares @ $174.81 = $4,391,752 (vested per F6)
  • Total exercise cost: $8,257,600
• Shares sold (open market) — same total shares (51,098) in three blocks:
  • 21,923 @ weighted avg $269.56 = $5,909,570 (sales ranged $269.04–$270.03) (F1)
  • 10,523 @ weighted avg $270.45 = $2,845,913 (sales ranged $270.04–$271.03) (F2)
  • 18,652 @ weighted avg $271.47 = $5,063,468 (sales ranged $271.05–$271.79) (F3)
  • Total proceeds: $13,818,951
• Shares owned after transaction: Not reported in the provided filing excerpt.
• Vesting/option notes: The three option grants became exercisable in four equal annual installments beginning 1/24/2021 (F4), 1/28/2022 (F5), and 1/27/2023 (F6).
• File notes: Footnotes F1–F3 provide price ranges for each sale block; issuer will supply a detailed breakout on request.

Context

• This was an exercise of vested options followed by immediate open-market sales of all shares — commonly a cashless exercise or sell-to-cover transaction. The exercises incurred roughly $8.26M in strike payments; the subsequent sales generated about $13.82M in proceeds. Such transactions often reflect routine option exercise / tax-liability management and should not be interpreted alone as a personal valuation of the company.