Exponent CEO Catherine Corrigan Exercises Options, Sells Shares

What Happened

• Catherine Corrigan, CEO of Exponent, exercised 2,379 stock options on 2026-07-15 at a $29.05 strike, costing $69,110, and immediately sold 1,737 of the resulting shares in an open-market sale at $62.78 for $109,045. The sale was reported as to cover the option exercise price and taxes.

Key Details

• Transaction date: July 15, 2026; Form filed July 17, 2026 (filed timely).
• Exercise: 2,379 options exercised at $29.05 per share (total exercise cost $69,110).
• Sale: 1,737 shares sold on the open market at $62.78 per share (proceeds $109,045).
• Net shares retained from this exercise: 642 shares (2,379 exercised − 1,737 sold).
• Shares owned after transaction: total beneficial ownership after this filing is not specified in the provided details.
• Footnotes: F1 — sale was to cover the option exercise price and taxes (sell-to-cover); F2 — the option vests in four equal annual installments; F3 — not applicable.

Context

• This appears to be a routine option exercise with a partial sell-to-cover to pay the exercise cost and tax withholding rather than a market-timed sale that signals a view on the company. For clarity, an "M" code denotes exercise/conversion of a derivative (stock option) and "S" denotes an open-market sale.