Corrigan Catherine 4

What Happened

• Catherine Corrigan, Chief Executive Officer of Exponent, Inc. (EXPO), exercised a total of 15,744 stock options on 2026-06-25. The filing shows two linked entries of 7,872 option shares each: one resulted in acquisition of 7,872 shares at $25.41 per share for $199,988, and the other shows disposition of 7,872 shares in a derivative transaction (no price listed).
• This was an options exercise (transaction code M). Exercises are neither direct buys from open market nor sales of existing shares; they convert option rights into company stock.

Key Details

• Transaction date: 2026-06-25; Form 4 filed: 2026-06-29 (filed within the SEC’s two-business-day window).
• Prices and values: 7,872 shares acquired at $25.41 each = $199,988; the disposed 7,872 shares are listed as a derivative disposition with no price shown.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnotes: F1 — the option grant becomes exercisable in four equal annual installments; F2 — Not applicable.
• Filing timeliness: Form filed 6/29 for a 6/25 transaction (timely per Form 4 rules).

Context

• For option exercises, it’s common for some shares to be surrendered or sold to cover exercise costs or tax withholding; here an equal number of shares were listed as disposed at the time of exercise (the filing does not state the reason). This transaction represents conversion of options into stock rather than an outright market purchase or sale of owned shares.