Mercury Systems (MRCY) CFO David Farnsworth Sells Shares

What Happened

• David E. Farnsworth, EVP and Chief Financial Officer of Mercury Systems (MRCY), sold a total of 14,767 shares in two open-market/private sales as part of a sell-to-cover tax withholding arrangement.
• Details: 8,155 shares sold on 2026-08-19 at $100.31 each for $817,995, and 6,612 shares sold on 2026-08-20 at $97.67 each for $645,817 — total proceeds ≈ $1,463,812. These were sales (not purchases), and are routine actions to cover taxes on vested stock awards.

Key Details

• Transaction dates & prices:
  • 2026-08-19: 8,155 shares @ $100.31 = $817,995 (Sale)
  • 2026-08-20: 6,612 shares @ $97.67 = $645,817 (Sale)
• Total shares sold: 14,767; total proceeds ≈ $1,463,812.
• Shares owned after transaction: not specified in the provided filing excerpt.
• Footnotes:
  • F1: Sales were part of a sell-to-cover program to satisfy tax withholding on vesting awards.
  • F2: Per-share prices reflect the allocation used for participants in the sell-to-cover program on each transaction date.
• Filing timeliness: Form 4 was filed 2026-08-21 for transactions on 2026-08-19 and 2026-08-20 — appears to be filed within the normal reporting window.

Context

• Sell-to-cover transactions are routine tax-withholding sales tied to the vesting of equity awards and do not necessarily indicate a change in insider sentiment about the company. They differ from discretionary open-market sales meant to rebalance or realize gains.