Gary Mark 4

What Happened

• Gary Mark, Senior Vice President at Texas Instruments (TXN), exercised 13,689 stock options on April 30, 2026 at an exercise cost of $130.52 per share (total $1,786,688) and sold those 13,689 shares the same day at a weighted average sale price of $279.25 per share (gross proceeds $3,822,671). A related derivative entry at $0.00 reflects the conversion/disposition of the option upon exercise.
• The transactions combine a purchase (option exercise) and an immediate sale — commonly a cashless exercise — resulting in gross proceeds about $3.82M and a pre-tax difference versus exercise cost of roughly $2.04M (does not account for taxes, fees, or withholdings).

Key Details

• Dates and prices: April 30, 2026. Exercise price $130.52; weighted average sale price $279.25 (sales ranged $279.15–$280.0367 per footnote).
• Shares transacted: 13,689 shares acquired via option exercise and 13,689 shares sold.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnotes: F1 notes the sale price shown is a weighted average and that a detailed breakout by sale price is available on request. F2 notes the underlying option vests in four equal annual installments beginning Jan 24, 2021.
• Filing timeliness: Report filed May 1, 2026 for the April 30, 2026 transaction (appears timely based on provided dates).

Context

• This was an option exercise immediately followed by a sale of the exercised shares (cashless exercise/conversion). Such transactions often reflect option-holder liquidity rather than a direct view on company prospects; they are routine for executives exercising vested options.