LuxExperience B.V.: CEO Michael Kliger sold 76,008 shares

What happened

• Michael Kliger, CEO, exercised options for a total of 76,008 shares and sold those shares in open-market transactions. The filings show option exercises on Oct 1, 2026 (73,410 shares) and Oct 2, 2026 (2,598 shares) with exercise cash paid $637,199 and $22,551 respectively (total exercise cost $659,750). The shares were sold at $10.08 per share on Oct 1-2, 2026 for $739,973 and $26,188 respectively (total proceeds $766,161). The filing also includes derivative entries showing disposals at $0 in connection with the exercises.

Key details

• Transaction dates and prices:
  • Oct 1, 2026: exercised options 73,410 shares at $8.68 (acquired) for $637,199; sold 73,410 shares at $10.08 for $739,973.
  • Oct 2, 2026: exercised options 2,598 shares at $8.68 (acquired) for $22,551; sold 2,598 shares at $10.08 for $26,188.
• Transaction codes shown in the filing: M = option exercise/conversion, S = sale.
• Shares owned after the transaction: not reported in the Form 4.
• Footnotes: each ordinary share is represented by one American Depositary Share (ADS) (F1); the options were fully vested and exercisable (F2).
• Filing date: Oct 5, 2026. The Form 4 does not indicate a late filing.

Why it may matter

• The filing reports exercised options and almost immediate sales of the resulting shares, consistent with a cashless exercise where acquired shares are sold in the market.
• For derivative entries, the filing simply shows exercised options and related derivative disposals at $0.
• A filing does not show why the insider traded or why the company acted.