Xia Howard H. 4

What Happened

• Xia Howard H., a director of Coherent Corp. (COHR), exercised stock options to acquire 4,240 shares (1,000 on 2026-03-16 and 3,240 on 2026-03-17) at $21.67 per share (total cash paid ≈ $91,881). He sold a matching 4,240 shares in open-market transactions on March 16–17, 2026 for aggregate proceeds of about $1,040,943. The filing shows additional zero-dollar derivative "Disposed" entries corresponding to the exercised amounts.

Key Details

• Transaction dates and prices:
  • 2026-03-16: Exercised 1,000 options @ $21.67 (acquired for $21,670); sold 1,000 shares @ $258.00 (proceeds $258,000); derivative disposal 1,000 @ $0 reported.
  • 2026-03-17: Exercised 3,240 options @ $21.67 (acquired for $70,211); sold 1,000 @ $245.57 (proceeds $245,570), 1,000 @ $244.46 (proceeds $244,460), and 1,240 @ $236.22 (proceeds $292,913); derivative disposal 3,240 @ $0 reported.
• Aggregate: Acquired 4,240 shares via option exercise (≈ $91,881 cash paid); sold 4,240 shares for ≈ $1,040,943.
• Shares owned after the reported transactions: not specified in the provided data.
• Footnote: The options exercised vested in four equal annual installments beginning August 17, 2017 (per footnote F1).
• Filing: Report lists transaction period Mar 16–17, 2026 and was filed on Mar 18, 2026 (no late-filing flag shown).

Context

• This pattern (exercise of options followed by immediate open-market sales) is commonly a cashless/net exercise or exercise-plus-sell to cover the exercise cost and taxes; the zero-dollar derivative "Disposed" lines in the filing reflect related net settlement/withholding reporting. These transactions are routine director option exercises and sales and do not, by themselves, indicate a company-wide change in outlook.