Meurice Eric 4

What Happened

Eric Meurice, a director of IPG Photonics (IPGP), exercised 750 stock options on February 2, 2026 at an exercise price of $87.87 per share (cost $65,903) and, on the same day, sold 750 shares in the open market at $95.00 per share (proceeds $71,250). The combined activity resulted in net proceeds of about $5,347 before taxes and fees. This was an exercise followed by an immediate sale (a routine disposition rather than a new market purchase).

Key Details

• Transaction date(s): 2026-02-02
  • Exercise (code M, acquired): 750 shares @ $87.87 — $65,903 total
  • Open-market sale (code S, disposed): 750 shares @ $95.00 — $71,250 total
  • Derivative conversion (code M, disposed): 750 shares @ $0.00 — $0 (represents option conversion)
• Shares owned after transaction: Not provided in the supplied filing summary.
• Footnotes:
  • F1: The sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 7, 2025.
  • F2: The options granted vesting note relates to a prior grant (vesting 100% by 6/1/2017 or the 2017 annual meeting).
• Filing timeliness: Report filed 2026-02-03 for transactions on 2026-02-02 (appears timely; no late filing flag).

Context

• The "M" transaction code indicates option exercise/conversion. The separate $0 disposal line is the mechanical reporting of the derivative (option) being converted to shares. Because the exercised shares were sold the same day in the same amount, this is effectively an immediate sale of newly exercised shares (commonly described as a cashless exercise/sale).
• The sale was executed under a pre-established 10b5-1 trading plan, which schedules trades in advance and is used to avoid trading on inside information. This is a routine insider sale and does not by itself indicate management’s view on the company’s long-term outlook.