SCHERBAKOV EUGENE A 4

What Happened

• Eugene A. Scherbakov, a 10% owner of IPG Photonics (IPGP), exercised 7,592 stock options on 2026-02-13. The options had a strike price of $81.89, for an aggregate exercise cost of $621,709. As part of a net share settlement, 5,727 shares were withheld to cover the exercise price and withholding taxes (valued in the filing at $881,443), leaving a net issuance/retention of 1,865 shares. The filing shows the market-related price used for withholding was $153.91 per share.

Key Details

• Transaction date: 2026-02-13; filing date: 2026-02-17 (Form 4 accession 0001111928-26-000019).
• Option exercise: 7,592 shares at $81.89 (code M) — total strike cost $621,709.
• Withholding/disposition: 5,727 shares withheld at $153.91 (code F) — value $881,443.
• Net shares retained: 1,865 shares (7,592 exercised − 5,727 withheld). Implied market value of retained shares ≈ $287k based on $153.91 price.
• Footnotes: F1 — net share settlement; F2 — withheld shares satisfy exercise price and withholding taxes; F3 — options fully vested and exercisable.
• Shares owned after transaction: not specified in the provided summary.
• Filing timeliness: no late filing indicated in the provided data.

Context

• This was an option exercise with a net (cashless-style) settlement: shares were withheld to cover costs and taxes rather than a separate open-market sale. For a 10% owner, these transactions reflect shareholder activity (option exercise) rather than an open-market purchase/sale decision by company management.