LANCE HOWARD L 4

What Happened
Lance L. Howard, a director of Mercury Systems, sold a total of 9,250 shares in open-market dispositions on May 26, 2026, generating approximately $922,744 in proceeds. The filing shows two reported transactions: 8,000 shares at a reported weighted-average price of $99.95 (proceeds $799,620) and 1,250 shares at a reported weighted-average price of $98.50 (proceeds $123,124). These are sales (S) rather than purchases.

Key Details

• Transaction date: 2026-05-26; Form 4 filed: 2026-05-27 (appears timely under Form 4 rules).
• Reported prices (weighted averages): $99.95 for 8,000 shares; $98.50 for 1,250 shares. Total proceeds ≈ $922,744.
• Footnotes: F1 — the 8,000-share sale was executed in multiple trades at prices ranging $99.36–$100.4501; F2 — the 1,250-share sale was in multiple trades at $98.10–$98.90. The filing reports weighted averages and the reporting person can provide the full trade-by-trade breakdown on request.
• Shares owned after the transaction: Not specified in the information provided here — check the full Form 4 for post-transaction holdings.
• Transaction type: Open-market dispositions by a company director (routine sale).

Context
This was a sale by a board director. Sales by insiders can be for many reasons and do not, by themselves, indicate the director’s view of the company. Purchases tend to be more informative about insider sentiment; this report documents routine insider selling activity. For complete details (exact per-trade prices/quantities and holdings after the sale), review the full SEC Form 4 filing (Accession 0001049521-26-000030).