Lopresti Angelo P 4

What Happened
Angelo P. Lopresti, a 10% owner of IPG Photonics (IPGP), exercised stock options on 2026-02-12. The exercise converted 5,861 option units into 5,861 common shares (reported value $479,957). The issuer withheld 4,022 shares to satisfy the exercise price and withholding taxes (reported value $604,306), resulting in a net issuance to Lopresti of 1,839 shares. The filing reports the option as fully vested.

Key Details

• Date of transaction: 2026-02-12. Report filed: 2026-02-17 (filed 5 days after the transaction; appears late vs. the usual two-business-day Form 4 deadline).
• Option exercise (code M): 5,861 shares at $81.89 — aggregate $479,957.
• Withholding/disposition (code F): 4,022 shares withheld at $150.25 — aggregate $604,306 (to cover exercise price and taxes).
• Net shares received by Lopresti from this transaction: 1,839 shares (5,861 − 4,022).
• Footnotes: F1 — net share settlement; F2 — shares withheld to satisfy exercise price and withholding taxes; F3 — option fully vested and exercisable.
• Total shares owned after the transaction not provided in the data reviewed (only net shares from this exercise are shown).

Context
This was an options exercise with a net (cashless) settlement: the company withheld shares rather than require cash payment for the exercise price and taxes. Code M indicates exercising a derivative; code F indicates shares were withheld for payment/tax withholding. As a 10% owner, Lopresti is a significant shareholder—this is insider/owner activity, not necessarily routine open-market buying or selling by an executive. The withholding/disposition of shares to cover the exercise price and taxes is common in option exercises and does not on its own signal a change in insider sentiment.