Samartsev Igor 4

What Happened

• Igor Samartsev, Senior Vice President and Chief Scientist at IPG Photonics (IPGP), exercised stock options on 2026-02-17 to acquire 3,363 shares at an exercise price of $81.89, for a total cash outlay of $275,396. The filing also reports a related derivative conversion/disposition for the same 3,363 shares at $0.00 (typical reporting when options are converted to common shares).

Key Details

• Transaction date: 2026-02-17
• Exercise price: $81.89 per share; total reported value $275,396
• Reported transactions: Code M (option exercise / conversion)
• Shares owned after the transaction: not disclosed in the filing
• Footnotes: (F1) Ms. Pavlova, a director, is an indirect beneficial owner of these shares as Samartsev’s spouse; (F2) the stock option was fully vested and exercisable
• Filing timeliness: Reported on 2026-02-17 for a 2026-02-17 transaction (appears timely)

Context

• This was an option exercise (not an open-market purchase or sale). The separate $0.00 derivative line commonly appears when option rights are converted into common shares; the filing does not indicate any immediate sale of the acquired shares. Exercises are routine for executives with vested options and do not by themselves signal a buy or sell opinion.