BAHAI AHMAD 4

What Happened

• Bahai Ahmad, Senior Vice President at Texas Instruments (TXN), exercised 5,000 stock options at $110.15 per share (cost $550,750) on 2026-05-14 and sold 5,000 shares in an open-market transaction the same day for a weighted-average price of $309.13, generating gross proceeds of $1,545,636. The filing also shows a related derivative line for 5,000 shares reported at $0.00 (see Key Details).

Key Details

• Transaction date: 2026-05-14; Form 4 filed 2026-05-15 (next day) — appears timely.
• Exercise: 5,000 shares exercised @ $110.15 = $550,750 (code M).
• Sale: 5,000 shares sold @ weighted average $309.13 = $1,545,636 (code S). Sale prices ranged $308.85–$309.53 (footnote F1).
• Additional derivative line: 5,000 shares reported as a derivative disposition at $0.00 (code M); listed in the filing (see footnote F2 on vesting).
• Shares owned after transaction: Not specified in the excerpt provided.
• Footnotes: F1 notes the sale price is a weighted average and gives the per-share range; F2 notes the option vested in four equal annual installments beginning Jan 25, 2019.

Context

• This was an exercise followed by an immediate open‑market sale (a common cashless exercise/sale pattern): the insider paid the option strike and sold the acquired shares the same day, realizing gross proceeds of ~$1.55M and paying ~$550.8k to exercise (implying ~ $995k pre-tax proceeds before commissions/withholdings).
• The M code indicates option exercise/conversion. Footnote F2 describes the option’s vesting schedule; F1 gives the detailed sale price range and the issuer offers to provide a breakout on request.