Buckley Robert 4
4 · NOVANTA INC · Filed Mar 18, 2026
Research Summary
AI-generated summary of this filing
Novanta (NOVT) CFO Robert Buckley Exercises Options, Sells Shares
What Happened
Robert Buckley, Chief Financial Officer of Novanta Inc. (NOVT), exercised 9,957 stock options on March 16, 2026 at $14.13 per share (total cost $140,692) and that same day sold 9,957 shares in multiple open‑market transactions for aggregate gross proceeds of approximately $1,162,651. The sale was executed in several blocks at weighted‑average prices in the $116–$119 range. The filing also records a derivative disposition line of 9,957 shares at $0.00 (reported separately on the Form 4).
Key Details
- Transaction date: March 16, 2026; Form 4 filed March 18, 2026 (timely filing).
- Exercise: 9,957 shares acquired at $14.13 each — $140,692 total (transaction code M).
- Open‑market sales (transaction code S), total 9,957 shares in four blocks:
- 3,215 shares @ $116.02 → $373,004 (weighted avg; multiple trades; see footnote F2)
- 4,719 shares @ $116.84 → $551,368 (weighted avg; F3)
- 1,937 shares @ $117.74 → $228,062 (weighted avg; F4)
- 86 shares @ $118.80 → $10,217 (weighted avg; F5)
- Aggregate sale proceeds: ≈ $1,162,651.
- The filing includes a separate "M" disposition line reporting 9,957 shares at $0.00 (no cash proceeds reported).
- Notable footnotes: sales were effected under a pre‑established Rule 10b5‑1 trading plan adopted March 13, 2025 (F1); several sale prices are reported as weighted averages across multiple trades (F2–F5). F6 notes the underlying options vested in 2017–2019. Power of attorney on file.
- Shares owned after transaction: not specified in the provided excerpt of the filing.
Context
This was an option exercise followed by same‑day open‑market sales for the same number of shares — a common pattern when insiders exercise long‑vested options and sell shares (often to cover exercise cost and taxes). Transaction codes: M = option exercise/conversion, S = open‑market sale. The 10b5‑1 plan note indicates the sales were made pursuant to a pre‑arranged plan adopted by the reporting person.
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1]2026-03-16$14.13/sh+9,957$140,692→ 106,573 total - Sale
Common Stock
[F1][F2]2026-03-16$116.02/sh−3,215$373,004→ 103,358 total - Sale
Common Stock
[F1][F3]2026-03-16$116.84/sh−4,719$551,368→ 98,639 total - Sale
Common Stock
[F1][F4]2026-03-16$117.74/sh−1,937$228,062→ 96,702 total - Sale
Common Stock
[F1][F5]2026-03-16$118.80/sh−86$10,217→ 96,616 total - Exercise/Conversion
Stock Option (Right to Buy)
[F1][F6]2026-03-16−9,957→ 0 totalExercise: $14.13Exp: 2026-03-30→ Common Stock (9,957 underlying)
- 36,219(indirect: By Trust)
Common Stock
Footnotes (6)
- [F1]The sales reported in this Form 4 was effected pursuant to a pre-established Rule 10b5-1 trading plan adopted by the reporting person on March 13, 2025.
- [F2]This transaction was executed in multiple trades ranging from $115.40 to $116.40. The price reported above reflects the weighted-average price. The reporting person hereby undertakes to provide upon request from the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
- [F3]This transaction was executed in multiple trades ranging from $116.41 to $117.40. The price reported above reflects the weighted-average price. The reporting person hereby undertakes to provide upon request from the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
- [F4]This transaction was executed in multiple trades ranging from $117.42 to $118.41. The price reported above reflects the weighted-average price. The reporting person hereby undertakes to provide upon request from the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
- [F5]This transaction was executed in multiple trades ranging from $118.53 to $119.02. The price reported above reflects the weighted-average price. The reporting person hereby undertakes to provide upon request from the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
- [F6]The Stock Options vested in three equal installments on March 30, 2017, March 30, 2018, and March 30, 2019.