Xia Howard H. 4

What Happened
Howard H. Xia, a director of Coherent Corp. (COHR), exercised options to acquire 2,000 shares at $21.67 per share (cost $43,340) on May 11, 2026. The filing also reports four open-market sales that day of 500 shares each at $344.00, $348.00, $358.00 and $368.00, generating aggregate proceeds of $709,000. The Form 4 also shows a disposition of 2,000 shares at $0.00 in connection with a derivative transaction (reported as a derivative disposal).

Key Details

• Transaction date: May 11, 2026; Form 4 filed May 13, 2026.
• Option exercise: 2,000 shares acquired at $21.67 each — total $43,340.
• Open-market sales: 4 sales × 500 shares = 2,000 shares sold for $172,000; $174,000; $179,000; $184,000 — total $709,000.
• Derivative disposition: 2,000 shares reported disposed at $0.00 (filing does not explain the reason).
• Shares owned after transaction: not specified in the public summary of this filing.
• Footnote: these options vested in four equal annual installments beginning August 17, 2017 (per filing).

Context
The filing shows an option exercise and same-day sales of the resulting shares. The zero-dollar derivative disposition often reflects surrendering shares from an option exercise for taxes or option cost coverage, but the filing itself gives no explanation. This activity is a mix of an acquisition (exercise) and routine sales; sales by insiders can be ordinary liquidity events and are not, by themselves, proof of sentiment.